Modern Wealth Management LLC Buys New Stake in eBay Inc. $EBAY

Key Points

• Modern Wealth Management LLC has acquired a new position comprising 3,082 shares of eBay, valued at approximately $209,000, in the first quarter of the year.
• Analysts have raised their target prices for eBay shares, with Piper Sandler increasing it to $95.00 and Bank of America to $101.00, indicating a positive outlook for the stock.
• eBay's recent quarterly earnings report revealed an EPS of $1.37, surpassing the consensus estimate of $1.30, as the company's revenue grew by 6.1% compared to the previous year.

Modern Wealth Management LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,082 shares of the e-commerce company's stock, valued at approximately $209,000.

A number of other large investors have also modified their holdings of the business. Strs Ohio purchased a new stake in shares of eBay during the first quarter worth $2,073,000. WBI Investments LLC grew its holdings in shares of eBay by 1.4% during the first quarter. WBI Investments LLC now owns 28,807 shares of the e-commerce company's stock worth $1,951,000 after buying an additional 405 shares in the last quarter. Chelsea Counsel Co. purchased a new stake in shares of eBay during the first quarter worth $232,000. Acadian Asset Management LLC grew its holdings in shares of eBay by 84.2% during the first quarter. Acadian Asset Management LLC now owns 2,005,141 shares of the e-commerce company's stock worth $135,773,000 after buying an additional 916,596 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of eBay by 5.4% during the first quarter. Geneos Wealth Management Inc. now owns 9,210 shares of the e-commerce company's stock worth $624,000 after buying an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of eBay from $74.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Bank of America upped their price objective on shares of eBay from $89.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Arete Research raised shares of eBay from a "strong sell" rating to a "hold" rating in a report on Thursday, August 7th. Arete raised shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price objective for the company in a report on Thursday, August 7th. Finally, Morgan Stanley upped their price objective on shares of eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $78.89.

Insider Activity

In other news, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total value of $961,196.88. Following the completion of the transaction, the chief executive officer owned 317,625 shares of the company's stock, valued at approximately $24,145,852.50. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $75.04, for a total transaction of $1,666,413.28. Following the completion of the transaction, the senior vice president directly owned 22,206 shares of the company's stock, valued at approximately $1,666,338.24. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,204 shares of company stock valued at $12,937,977. 0.64% of the stock is currently owned by company insiders.

eBay Stock Performance

Shares of EBAY stock opened at $90.36 on Tuesday. The firm's 50 day moving average price is $88.92 and its 200-day moving average price is $76.61. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. eBay Inc. has a one year low of $56.33 and a one year high of $101.15. The firm has a market cap of $41.29 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.20 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping 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 prior year, the business posted $1.18 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, equities research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

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

eBay 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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