Mirova US LLC Sells 3,416,349 Shares of eBay Inc. $EBAY

Key Points

• Mirova US LLC sold 3,416,349 shares of eBay Inc., reducing its holdings by 47.1%, leaving it with 3,832,923 shares which make up 3.0% of its portfolio.
• Analysts' price targets for eBay shares have recently been raised, with Susquehanna now targeting $95.00 and Benchmark increasing their estimate to $100.00, reflecting a generally positive outlook.
• eBay's most recent earnings report showed a 6.1% increase in revenue year-over-year, with earnings per share (EPS) beating estimates, which positions the firm well for future quarters.

Mirova US LLC cut its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 47.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,832,923 shares of the e-commerce company's stock after selling 3,416,349 shares during the quarter. eBay comprises 3.0% of Mirova US LLC's portfolio, making the stock its 14th largest position. Mirova US LLC owned approximately 0.83% of eBay worth $285,399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Independent Franchise Partners LLP boosted its position in shares of eBay by 4.6% during the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company's stock worth $791,714,000 after purchasing an additional 510,629 shares in the last quarter. Invesco Ltd. boosted its position in shares of eBay by 8.0% during the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company's stock worth $571,736,000 after purchasing an additional 627,823 shares in the last quarter. Northern Trust Corp boosted its position in shares of eBay by 4.4% during the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company's stock worth $481,525,000 after purchasing an additional 300,216 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of eBay by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company's stock worth $417,021,000 after purchasing an additional 322,910 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its position in shares of eBay by 2,536.5% during the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after purchasing an additional 3,401,198 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EBAY shares. Susquehanna lifted their price target on shares of eBay from $70.00 to $95.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Weiss Ratings reissued a "buy (b)" rating on shares of eBay in a research report on Saturday, September 27th. Cowen restated a "hold" rating on shares of eBay in a report on Tuesday, July 22nd. Benchmark raised their price objective on shares of eBay from $78.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, President Capital upgraded shares of eBay from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $74.00 to $103.00 in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $81.29.

Insider Activity at eBay

In other news, SVP Mazen Rawashdeh sold 1,910 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the transaction, the senior vice president directly owned 3,824 shares in the company, valued at $341,521.44. The trade was a 33.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 7,221 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the transaction, the chief executive officer owned 246,812 shares in the company, valued at $22,788,151.96. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,728 shares of company stock worth $10,047,092 over the last ninety days. Company insiders own 0.64% of the company's stock.

eBay Stock Up 1.4%

Shares of EBAY stock opened at $93.04 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a 1 year low of $56.33 and a 1 year high of $101.15. The firm's fifty day moving average price is $92.86 and its two-hundred day moving average price is $79.25. The firm has a market capitalization of $42.52 billion, a P/E ratio of 20.49, a PEG ratio of 2.22 and a beta of 1.31.

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 net margin of 20.86% and a return on equity of 38.97%. 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 business earned $1.18 EPS. The company's 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, equities analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 29th. eBay's payout ratio is presently 25.55%.

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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