Northern Trust Corp Purchases 300,216 Shares of eBay Inc. $EBAY

Key Points

• Northern Trust Corp increased its holdings in eBay Inc. by 4.4% in the first quarter, now owning approximately 7.1 million shares valued at $481 million.
• Insider trades have seen significant sales, with CEO Jamie Iannone selling 12,644 shares and SVP Julie A. Loeger selling 75,952 shares recently.
• eBay reported earnings per share of $1.37, exceeding analyst estimates by $0.07, and announced a quarterly dividend of $0.29 per share.

Northern Trust Corp boosted its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 4.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,109,481 shares of the e-commerce company's stock after buying an additional 300,216 shares during the period. Northern Trust Corp owned approximately 1.54% of eBay worth $481,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Forum Financial Management LP grew its position in shares of eBay by 43.2% during the 4th quarter. Forum Financial Management LP now owns 4,680 shares of the e-commerce company's stock valued at $290,000 after buying an additional 1,411 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of eBay by 3.9% during the 4th quarter. MML Investors Services LLC now owns 139,080 shares of the e-commerce company's stock worth $8,616,000 after acquiring an additional 5,248 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in eBay by 455.9% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,107 shares of the e-commerce company's stock worth $131,000 after purchasing an additional 1,728 shares in the last quarter. Transce3nd LLC acquired a new position in eBay in the 4th quarter valued at approximately $36,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of eBay by 173.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 34,798 shares of the e-commerce company's stock worth $2,156,000 after purchasing an additional 22,068 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Up 0.4%

Shares of NASDAQ EBAY traded up $0.36 during mid-day trading on Friday, reaching $99.22. 6,650,901 shares of the company's stock traded hands, compared to its average volume of 7,042,917. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $45.34 billion, a P/E ratio of 21.85, a PEG ratio of 2.39 and a beta of 1.27. The business has a 50-day simple moving average of $83.70 and a 200 day simple moving average of $73.86.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, analysts expect 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 will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. eBay's dividend payout ratio is presently 25.55%.

Insider Activity at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total transaction of $1,729,847.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the transaction, the senior vice president owned 92,053 shares in the company, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 183,209 shares of company stock valued at $15,331,663. 0.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EBAY has been the subject of several recent analyst reports. Cfra Research upgraded eBay to a "moderate buy" rating in a research note on Thursday, June 5th. Truist Financial upped their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Piper Sandler increased their price objective on shares of eBay from $74.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Robert W. Baird upped 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. Finally, Citigroup cut their price objective on eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research report on Friday, April 25th. 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 assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $78.19.

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.