Janney Montgomery Scott LLC Sells 40,337 Shares of eBay Inc. $EBAY

Key Points

• Janney Montgomery Scott LLC has reduced its stake in eBay Inc. by 7.2%, selling 40,337 shares in the second quarter, leaving them with approximately 0.11% of eBay's total shares.
• eBay's recent quarterly earnings beat estimates with $1.37 EPS, exceeding the $1.30 EPS consensus, and reported a revenue of $2.73 billion, up 6.1% year-over-year.
• Analysts have set an average target price for eBay at $81.11, with varied ratings that include one Strong Buy and eleven Buy ratings, reflecting positive sentiment despite some Hold and Sell ratings.

Janney Montgomery Scott LLC reduced its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 7.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 523,356 shares of the e-commerce company's stock after selling 40,337 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.11% of eBay worth $38,969,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EBAY. Wealth Preservation Advisors LLC purchased a new position in shares of eBay in the 1st quarter valued at $26,000. Abound Financial LLC purchased a new stake in eBay in the first quarter valued at approximately $29,000. Sierra Ocean LLC raised its position in eBay by 84.9% during the first 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. North Capital Inc. acquired a new position in shares of eBay in the first quarter worth about $38,000. Finally, Tsfg LLC grew its stake in eBay by 58.8% in the 1st quarter. Tsfg LLC now owns 602 shares of the e-commerce company's stock valued at $41,000 after acquiring an additional 223 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays reissued an "overweight" rating and issued a $92.00 target price (up from $77.00) on shares of eBay in a research note on Thursday, July 31st. Mizuho initiated coverage on shares of eBay in a research note on Monday. They issued a "neutral" rating and a $98.00 price target for the company. Argus reaffirmed a "hold" rating on shares of eBay in a report on Thursday, August 14th. Morgan Stanley raised their price objective on eBay from $81.00 to $89.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, eBay has a consensus rating of "Hold" and an average target price of $81.11.

eBay Trading Down 0.2%

NASDAQ EBAY opened at $90.95 on Wednesday. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15. 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 cap of $41.56 billion, a P/E ratio of 20.03, a PEG ratio of 2.20 and a beta of 1.32. The company's fifty day simple moving average is $91.87 and its 200-day simple moving average is $78.41.

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

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. eBay's payout ratio is presently 25.55%.

Insiders Place Their Bets

In related news, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total value of $170,582.10. Following the transaction, the senior vice president owned 3,824 shares of the company's stock, valued at approximately $341,521.44. This trade represents a 33.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 75,952 shares of the firm's stock in a transaction dated 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 completion of the transaction, the senior vice president owned 53,107 shares of the company's stock, valued at approximately $4,952,227.75. The trade was a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,728 shares of company stock worth $10,047,092. 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.

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