Meriwether Wealth & Planning LLC Sells 8,129 Shares of eBay Inc. $EBAY

Key Points

• Meriwether Wealth & Planning LLC reduced its holdings in eBay Inc. by 48.9% in Q2, maintaining 8,492 shares valued at approximately $632,000.
• eBay reported an earnings per share (EPS) of $1.37 for the last quarter, exceeding expectations, with a quarterly revenue of $2.73 billion, up 6.1% year-over-year.
• The company declared a quarterly dividend of $0.29 per share, with a current yield of 1.3%, reflecting a payout ratio of 25.55%.

Meriwether Wealth & Planning LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 48.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,492 shares of the e-commerce company's stock after selling 8,129 shares during the period. Meriwether Wealth & Planning LLC's holdings in eBay were worth $632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Procyon Advisors LLC grew its position in shares of eBay by 100.7% in the second quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company's stock valued at $2,293,000 after purchasing an additional 15,449 shares during the period. Marvin & Palmer Associates Inc. purchased a new stake in shares of eBay in the first quarter valued at $2,958,000. Assenagon Asset Management S.A. boosted its holdings in eBay by 0.5% in the first quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock valued at $3,596,000 after acquiring an additional 246 shares during the last quarter. IFP Advisors Inc boosted its holdings in eBay by 59.6% in the first quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company's stock valued at $261,000 after acquiring an additional 1,440 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in eBay by 2.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company's stock valued at $5,381,000 after acquiring an additional 2,095 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of NASDAQ:EBAY traded up $0.36 on Tuesday, reaching $90.95. 1,819,593 shares of the company traded hands, compared to its average volume of 5,624,018. eBay Inc. has a fifty-two week low of $56.33 and a fifty-two week high of $101.15. The company's 50 day moving average is $90.25 and its 200-day moving average is $77.40. The stock has a market capitalization of $41.56 billion, a PE ratio of 20.04, a P/E/G ratio of 2.20 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 announced its quarterly earnings data 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 company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter 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 anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on eBay from $75.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Argus reiterated a "hold" rating on shares of eBay in a report on Thursday, August 14th. Wells Fargo & Company lifted their target price on eBay from $66.00 to $84.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Piper Sandler boosted their price objective on eBay from $74.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Robert W. Baird boosted their price objective on eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $79.75.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 7,221 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $92.33, for a total value of $666,714.93. Following the transaction, the chief executive officer directly owned 246,812 shares of the company's stock, valued at approximately $22,788,151.96. This represents a 2.84% 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. Also, SVP Julie A. Loeger sold 75,952 shares of the company's stock in a transaction on 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 directly owned 53,107 shares in the company, valued at $4,952,227.75. This trade represents 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 have sold 157,553 shares of company stock valued at $13,505,983. 0.64% of the stock is currently owned by company insiders.

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.