Korea Investment CORP Buys 41,477 Shares of eBay Inc. $EBAY

Key Points

• Korea Investment CORP has increased its stake in eBay Inc. by 9.6%, acquiring an additional 41,477 shares, bringing its total to approximately $32 million.
• CEO Jamie Iannone recently sold 12,644 shares of eBay stock valued at around $961,197, reducing his ownership by 3.83%.
• eBay announced a quarterly dividend of $0.29, set to be paid on September 12th, reflecting an annualized yield of 1.2%.

Korea Investment CORP lifted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 473,796 shares of the e-commerce company's stock after acquiring an additional 41,477 shares during the quarter. Korea Investment CORP owned 0.10% of eBay worth $32,090,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EBAY. Forum Financial Management LP boosted its stake in shares of eBay by 43.2% during the 4th quarter. Forum Financial Management LP now owns 4,680 shares of the e-commerce company's stock worth $290,000 after acquiring an additional 1,411 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of eBay by 3.9% during the 4th quarter. MML Investors Services LLC now owns 139,080 shares of the e-commerce company's stock worth $8,616,000 after acquiring an additional 5,248 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of eBay by 455.9% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,107 shares of the e-commerce company's stock worth $131,000 after acquiring an additional 1,728 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of eBay in the fourth quarter worth $36,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of eBay by 173.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 34,798 shares of the e-commerce company's stock worth $2,156,000 after buying an additional 22,068 shares during the period. 87.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EBAY. Truist Financial lifted their price objective on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Bank of America lifted their price objective on eBay from $71.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Wedbush restated a "neutral" rating and set a $72.00 target price on shares of eBay in a report on Wednesday, June 11th. Citizens Jmp upgraded eBay to a "hold" rating in a report on Thursday, July 10th. Finally, Needham & Company LLC raised their target price on eBay from $78.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $78.19.

eBay Stock Performance

EBAY traded up $0.36 on Friday, hitting $99.22. 6,650,901 shares of the stock traded hands, compared to its average volume of 7,042,917. 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 firm has a market capitalization of $45.34 billion, a PE ratio of 21.85, a P/E/G ratio of 2.39 and a beta of 1.27. The business has a fifty day moving average price of $83.70 and a two-hundred day moving average price of $73.86.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) 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 analyst estimates of $2.64 billion. During the same period in the previous year, the company posted $1.18 earnings per share. The company's quarterly revenue was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business 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. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay's payout ratio is presently 25.55%.

Insider Buying and Selling

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of eBay stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total transaction of $1,729,847.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 10,974 shares of eBay stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total value 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. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,209 shares of company stock valued at $15,331,663 over the last ninety days. Company insiders own 0.64% of the company's stock.

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.