Independent Advisor Alliance Reduces Stock Holdings in eBay Inc. $EBAY

Key Points

• Independent Advisor Alliance reduced its stake in eBay Inc. by 76.2% in the first quarter, now holding 4,482 shares valued at $304,000 after selling 14,367 shares.
• eBay's recent earnings report showed an EPS of $1.37, surpassing expectations, with a revenue of $2.73 billion, marking a 6.1% increase year-on-year.
• The company announced a quarterly dividend of $0.29 per share with an expected annual yield of 1.2%, to be paid on September 12th.

Independent Advisor Alliance lessened its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 76.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,482 shares of the e-commerce company's stock after selling 14,367 shares during the quarter. Independent Advisor Alliance's holdings in eBay were worth $304,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its holdings in eBay by 36.5% during the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after buying an additional 160 shares in the last quarter. Capital Investment Advisory Services LLC grew its holdings in eBay by 4.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock valued at $285,000 after buying an additional 160 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in eBay by 4.4% during the 1st quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company's stock valued at $266,000 after buying an additional 166 shares in the last quarter. Hohimer Wealth Management LLC grew its holdings in eBay by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock valued at $4,024,000 after buying an additional 167 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in eBay by 1.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,149 shares of the e-commerce company's stock valued at $620,000 after buying an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein lowered eBay from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Citizens Jmp raised eBay to a "hold" rating in a research note on Thursday, July 10th. Needham & Company LLC raised 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. Truist Financial raised their price objective on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Benchmark raised their price objective on eBay from $78.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, eBay has a consensus rating of "Hold" and a consensus target price of $78.19.

eBay Trading Up 0.9%

Shares of EBAY stock traded up $0.86 on Tuesday, reaching $99.89. 3,714,475 shares of the company's stock were exchanged, compared to its average volume of 5,624,882. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $45.65 billion, a PE ratio of 22.00, a P/E/G ratio of 2.43 and a beta of 1.27. The company's fifty day simple moving average is $81.99 and its 200 day simple moving average is $73.06. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 20.86% and a return on equity of 38.97%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

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

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 10,974 shares of eBay stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50. Following the completion of the sale, the chief executive officer directly owned 306,651 shares of the company's stock, valued at $23,228,813.25. The trade was a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 276,104 shares of company stock valued at $22,025,676. Company insiders own 0.64% of the company's stock.

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.