Marvin & Palmer Associates Inc. purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 35,697 shares of the e-commerce company's stock, valued at approximately $3,989,000. eBay comprises about 2.5% of Marvin & Palmer Associates Inc.'s investment portfolio, making the stock its 17th biggest position.
A number of other large investors have also recently bought and sold shares of EBAY. BlackRock Inc. purchased a new position in eBay during the 2nd quarter worth $4,406,897,000. Invesco Ltd. raised its holdings in shares of eBay by 8.3% in the fourth quarter. Invesco Ltd. now owns 9,020,923 shares of the e-commerce company's stock valued at $785,722,000 after buying an additional 692,805 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in shares of eBay by 5.2% during the fourth quarter. Independent Franchise Partners LLP now owns 7,748,177 shares of the e-commerce company's stock worth $674,866,000 after buying an additional 384,570 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of eBay by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company's stock worth $446,042,000 after buying an additional 80,450 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of eBay during the second quarter worth about $506,653,000. Institutional investors and hedge funds own 87.48% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on EBAY shares. Weiss Ratings downgraded eBay from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a $124.00 target price on eBay in a research note on Monday, May 4th. Morgan Stanley reissued an "overweight" rating and issued a $127.00 target price on shares of eBay in a report on Thursday, August 6th. Needham & Company LLC upped their price target on eBay from $122.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, President Capital increased their price target on eBay from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $117.24.
Get Our Latest Analysis on eBay
Insider Activity at eBay
In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares in the company, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of the transaction, the chief executive officer owned 253,211 shares of the company's stock, valued at $27,486,054.05. This represents a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 37,126 shares of company stock worth $4,087,886 over the last three months. 0.67% of the stock is currently owned by corporate insiders.
eBay Trading Up 3.3%
NASDAQ EBAY opened at $105.62 on Friday. The stock has a market capitalization of $47.00 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.56 and a beta of 1.37. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The firm has a 50-day moving average price of $109.77 and a 200 day moving average price of $102.87. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10.
eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm earned $1.37 earnings per share. The firm's revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities research analysts expect that eBay Inc. will post 4.86 EPS for the current year.
eBay Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay's dividend payout ratio (DPR) is currently 25.67%.
About eBay
(
Free Report)
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price "Buy It Now" transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company's core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider eBay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.
While eBay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
