Mirae Asset Global Investments Co. Ltd. Acquires New Position in eBay Inc. $EBAY

Key Points

• Mirae Asset Global Investments opened a new eBay position, acquiring 140,240 shares worth about $14.9 million in the third quarter. Institutional investors collectively own 87.48% of eBay’s stock.
• eBay reported quarterly adjusted EPS of $1.51 and revenue of $3.21 billion, beating analyst estimates; revenue increased 13.7% year over year.
• Analyst views were mixed: 17 analysts rated eBay a Buy, 16 a Hold and two a Sell, with an average price target of $123.36. Company insiders also sold 23,234 shares worth about $2.43 million over the last quarter.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 140,240 shares of the e-commerce company's stock, valued at approximately $14,872,000.

Other institutional investors also recently modified their holdings of the company. Vise Technologies Inc. lifted its holdings in shares of eBay by 19.2% in the third quarter. Vise Technologies Inc. now owns 83,488 shares of the e-commerce company's stock valued at $8,854,000 after purchasing an additional 13,435 shares in the last quarter. Cidel Asset Management Inc. boosted its position in shares of eBay by 3.1% during the third quarter. Cidel Asset Management Inc. now owns 5,956 shares of the e-commerce company's stock valued at $632,000 after buying an additional 178 shares during the last quarter. MGO One Seven LLC boosted its position in shares of eBay by 1.3% during the third quarter. MGO One Seven LLC now owns 8,532 shares of the e-commerce company's stock valued at $905,000 after buying an additional 109 shares during the last quarter. Avestar Capital LLC boosted its position in shares of eBay by 14.7% during the third quarter. Avestar Capital LLC now owns 9,359 shares of the e-commerce company's stock valued at $993,000 after buying an additional 1,199 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in eBay by 1,764.3% during the third quarter. International Assets Investment Management LLC now owns 75,000 shares of the e-commerce company's stock worth $7,954,000 after buying an additional 70,977 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the business's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $107.08, for a total value of $1,189,658.80. Following the completion of the sale, the chief executive officer directly owned 226,269 shares of the company's stock, valued at $24,228,884.52. The trade was a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president owned 35,546 shares of the company's stock, valued at $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,234 shares of company stock worth $2,429,577 over the last quarter. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent analyst reports. Mizuho set a $120.00 price objective on eBay in a research note on Thursday, October 29th. Benchmark boosted their target price on eBay from $115.00 to $134.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $140.00 target price on shares of eBay in a report on Thursday, October 29th. Evercore set a $120.00 price target on eBay in a research report on Thursday, October 29th. Finally, Jefferies Financial Group dropped their price target on eBay from $80.00 to $75.00 and set an "underperform" rating on the stock in a report on Monday, September 21st. Seventeen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $123.36.

eBay News Summary

Here are the key news stories impacting eBay this week:

• Positive Sentiment: eBay’s Q3 results beat expectations, with adjusted EPS of $1.51 versus $1.41 expected and revenue of $3.21 billion versus $3.12 billion expected. Revenue rose 13.7% year over year, while coverage pointed to broad-based growth and AI investments supporting marketplace momentum. Q3 analysis
• Positive Sentiment: Two reports said eBay’s price targets were raised, including one to $145 and another to $125, offering a favorable analyst signal. Price target raised to $145 Price target raised to $125
• Neutral Sentiment: eBay’s “Most Wanted” and muscle-car features promote collectible vehicle listings and could draw interest to the marketplace, but the articles provide no indication of a material financial contribution. Most Wanted cars
• Neutral Sentiment: A $59.7 million AI supercomputer comprising 300 server racks was reportedly sold through eBay. This appears to be a marketplace transaction, not a sale by eBay itself, and is unlikely to be material to the company’s financial results. AI supercomputer listing
• Negative Sentiment: Jefferies warned that take-rate pressure and slower advertising growth could weigh on monetization, tempering the positive Q3 growth story. Jefferies warning

eBay Trading Down 1.9%

NASDAQ:EBAY opened at $118.62 on Wednesday. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $124.59. The stock's fifty day moving average price is $111.39 and its two-hundred day moving average price is $104.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $52.07 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.89 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.41 by $0.10. eBay had a net margin of 16.84% and a return on equity of 49.20%. The company had revenue of $3.21 billion during the quarter, compared to analysts' expectations of $3.12 billion. During the same quarter in the previous year, the company earned $1.36 earnings per share. eBay's revenue for the quarter was up 13.7% on a year-over-year basis. As a group, analysts expect that eBay Inc. will post 4.75 EPS for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, December 4th. eBay's dividend payout ratio (DPR) is presently 27.07%.

eBay Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.

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