Hsbc Holdings PLC Cuts Stake in eBay Inc. $EBAY

Key Points

• HSBC Holdings PLC reduced its stake in eBay Inc. by 12.8% during the first quarter, owning 0.50% of the company equivalent to $157.3 million after selling 340,108 shares.
• eBay's latest quarterly results showed an earnings per share of $1.37, surpassing analysts' expectations, with revenues reaching $2.73 billion.
• The company declared a quarterly dividend of $0.29 per share, with an annualized yield of 1.2%, to be paid on September 12th.

Hsbc Holdings PLC reduced its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 12.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,325,411 shares of the e-commerce company's stock after selling 340,108 shares during the quarter. Hsbc Holdings PLC owned 0.50% of eBay worth $157,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marvin & Palmer Associates Inc. purchased a new position in shares of eBay in the 1st quarter worth about $2,958,000. Assenagon Asset Management S.A. boosted its holdings in shares of eBay by 0.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock worth $3,596,000 after buying an additional 246 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of eBay by 59.6% in the 1st quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company's stock worth $261,000 after buying an additional 1,440 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of eBay by 2.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company's stock worth $5,381,000 after buying an additional 2,095 shares during the last quarter. Finally, Oxford Asset Management LLP boosted its holdings in shares of eBay by 121.9% in the 4th quarter. Oxford Asset Management LLP now owns 8,518 shares of the e-commerce company's stock worth $528,000 after buying an additional 4,680 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Up 0.9%

Shares of EBAY opened at $99.89 on Wednesday. The business's 50-day moving average price is $82.41 and its 200-day moving average price is $73.24. eBay Inc. has a twelve month low of $56.33 and a twelve month high of $101.15. The stock has a market cap of $45.65 billion, a PE ratio of 22.00, a P/E/G ratio of 2.39 and a beta of 1.27. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%.The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the prior year, the business posted $1.18 earnings per share. The company's revenue was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.2%. eBay's dividend payout ratio is currently 25.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EBAY shares. Cowen reissued a "hold" rating on shares of eBay in a report on Tuesday, July 22nd. Morgan Stanley boosted their price objective on eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Needham & Company LLC boosted their price objective on eBay from $78.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Robert W. Baird boosted their price objective on eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Arete Research upgraded eBay from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, eBay has a consensus rating of "Hold" and a consensus target price of $78.19.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 10,974 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50. Following the sale, the chief executive officer directly owned 306,651 shares in the company, valued at $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 2,985 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the transaction, the senior vice president owned 92,053 shares in the company, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 183,209 shares of company stock valued at $15,331,663. Corporate insiders own 0.64% of the company's stock.

eBay 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.

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