Ieq Capital LLC Lowers Position in eBay Inc. $EBAY

Key Points

• Ieq Capital LLC significantly reduced its stake in eBay Inc. by selling 29,290 shares, leaving it with only 5,250 shares valued at approximately $356,000 by the end of Q1.
• Several hedge funds have increased their holdings in eBay, with Marvin & Palmer Associates Inc. acquiring a new position worth about $2.96 million, while Assenagon Asset Management boosted its holdings by 0.5%.
• eBay's recent quarterly earnings exceeded expectations, reporting $1.37 earnings per share and $2.73 billion in revenue, which is a 6.1% increase year-over-year.

Ieq Capital LLC lowered its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 84.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,250 shares of the e-commerce company's stock after selling 29,290 shares during the period. Ieq Capital LLC's holdings in eBay were worth $356,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Orion Capital Management LLC purchased a new stake in eBay during the 4th quarter valued at about $27,000. Abound Financial LLC purchased a new stake in eBay during the 1st quarter valued at about $29,000. Pinney & Scofield Inc. purchased a new stake in eBay during the 4th quarter valued at about $31,000. Sierra Ocean LLC grew its stake in eBay by 84.9% during the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock valued at $36,000 after acquiring an additional 247 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in eBay during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of eBay stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the transaction, the senior vice president owned 53,107 shares in the company, valued at approximately $4,952,227.75. The trade was a 58.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the transaction, the chief executive officer owned 246,812 shares of the company's stock, valued at approximately $22,788,151.96. The trade was a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 174,801 shares of company stock worth $14,763,913 over the last 90 days. Company insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EBAY. Susquehanna increased their price target on shares of eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Barclays reaffirmed an "overweight" rating and set a $92.00 price objective (up previously from $77.00) on shares of eBay in a research report on Thursday, July 31st. Benchmark increased their target price on shares of eBay from $78.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Arete Research upgraded shares of eBay from a "strong sell" rating to a "hold" rating in a report on Thursday, August 7th. Finally, Robert W. Baird increased their target price on shares of eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, eBay has a consensus rating of "Hold" and an average target price of $78.89.

eBay Stock Up 0.4%

Shares of EBAY traded up $0.36 during midday trading on Monday, reaching $93.02. The stock had a trading volume of 6,846,610 shares, compared to its average volume of 5,671,355. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The company's fifty day simple moving average is $87.38 and its two-hundred day simple moving average is $75.77. The company has a market cap of $42.51 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.24 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 (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The company's revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a $0.29 dividend. 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 (DPR) is 25.55%.

About eBay

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.