Hodges Capital Management Inc. Invests $2.82 Million in eBay Inc. $EBAY

Key Points

• Hodges Capital Management Inc. invested approximately $2.82 million in eBay Inc. by acquiring 41,650 shares during the first quarter.
• eBay's senior vice president, Julie A. Loeger, and CEO Jamie Iannone, both recently sold shares in significant transactions, indicating a 58.85% and 3.83% decrease in their respective positions.
• eBay has announced a quarterly dividend of $0.29 per share, with an annualized dividend yield of 1.3%, set to be paid on September 12th.

Hodges Capital Management Inc. acquired a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 41,650 shares of the e-commerce company's stock, valued at approximately $2,821,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC increased its stake in eBay by 0.6% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company's stock valued at $1,560,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton increased its stake in eBay by 36.5% during the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after acquiring an additional 160 shares during the period. Capital Investment Advisory Services LLC increased its stake in eBay by 4.0% during the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock valued at $285,000 after acquiring an additional 160 shares during the period. Journey Strategic Wealth LLC increased its stake in eBay by 4.4% during the first quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company's stock valued at $266,000 after acquiring an additional 166 shares during the period. Finally, Hohimer Wealth Management LLC increased its stake in eBay by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock valued at $4,024,000 after acquiring an additional 167 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the transaction, the senior vice president owned 53,107 shares of the company's stock, valued at approximately $4,952,227.75. This represents a 58.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total value of $961,196.88. Following the transaction, the chief executive officer directly owned 317,625 shares in the company, valued at approximately $24,145,852.50. This represents a 3.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 174,801 shares of company stock valued at $14,763,913. 0.64% of the stock is currently owned by corporate insiders.

eBay Stock Up 1.3%

Shares of EBAY opened at $92.46 on Friday. The company has a market capitalization of $42.25 billion, a P/E ratio of 20.37, a PEG ratio of 2.21 and a beta of 1.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. eBay Inc. has a one year low of $56.33 and a one year high of $101.15. The business's 50 day simple moving average is $88.34 and its 200-day simple moving average is $76.15.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.30 by $0.07. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.eBay's revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, sell-side analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.3%. eBay's dividend payout ratio is currently 25.55%.

Analyst Ratings Changes

Several equities analysts recently issued reports on EBAY shares. Morgan Stanley boosted their price target on eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Cfra Research upgraded eBay to a "moderate buy" rating in a research note on Thursday, June 5th. Piper Sandler lifted their price objective on eBay from $74.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Robert W. Baird lifted their price objective on eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Citizens Jmp raised eBay to a "hold" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, eBay currently has an average rating of "Hold" and a consensus target price of $78.89.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.