Northstar Advisory Group LLC Sells 10,119 Shares of eBay Inc. $EBAY

Key Points

• Northstar Advisory Group cut its eBay stake by 30.3% in the second quarter, selling 10,119 shares and retaining 23,254 shares valued at approximately $2.6 million. Institutional investors own 87.48% of eBay.
• eBay reported a quarterly earnings beat, with EPS of $1.60 versus the $1.50 consensus and revenue of $3.13 billion, up 14.8% year over year. The company guided for third-quarter EPS of $1.36–$1.42.
• Analysts maintain a generally neutral outlook, with 14 Buy, 17 Hold and 2 Sell ratings and an average price target of $117. eBay also declared a quarterly dividend of $0.31 per share, representing a 1.2% yield.

Northstar Advisory Group LLC lowered its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 30.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 23,254 shares of the e-commerce company's stock after selling 10,119 shares during the period. eBay accounts for approximately 0.8% of Northstar Advisory Group LLC's portfolio, making the stock its 29th largest position. Northstar Advisory Group LLC's holdings in eBay were worth $2,599,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd raised its stake in eBay by 4,452,655.3% during the fourth quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company's stock worth $182,282,000 after buying an additional 2,092,748 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in eBay by 214.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company's stock valued at $161,865,000 after buying an additional 1,267,601 shares during the period. Pacer Advisors Inc. boosted its position in eBay by 3,248.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,256,975 shares of the e-commerce company's stock valued at $109,483,000 after acquiring an additional 1,219,439 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in eBay by 47.5% during the 4th quarter. Allianz Asset Management GmbH now owns 3,626,424 shares of the e-commerce company's stock worth $315,862,000 after acquiring an additional 1,167,019 shares during the period. Finally, Norges Bank acquired a new stake in eBay during the 4th quarter worth about $98,728,000. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $124.00 price objective on eBay in a research note on Monday, May 4th. Truist Financial raised their target price on eBay from $105.00 to $115.00 and gave the stock a "hold" rating in a research note on Thursday, August 6th. Arete Research lowered their target price on eBay from $113.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday, May 26th. Stifel Nicolaus set a $98.00 price target on eBay in a research note on Thursday, April 30th. Finally, Barclays increased their price target on eBay from $114.00 to $123.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Fourteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $117.00.

Insider Activity

In other news, CEO Jamie Iannone sold 11,110 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of the sale, the chief executive officer owned 253,211 shares in the company, valued at $27,486,054.05. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the transaction, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 87,122 shares of company stock worth $9,953,842 over the last quarter. 0.67% of the stock is currently owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ EBAY opened at $102.31 on Thursday. The firm has a market capitalization of $45.53 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.55 and a beta of 1.37. The firm's 50-day moving average price is $110.88 and its 200-day moving average price is $101.92. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $119.31.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the business posted $1.37 EPS. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities research analysts anticipate that eBay Inc. will post 4.89 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay's dividend payout ratio (DPR) is 25.67%.

About eBay

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price "Buy It Now" transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company's core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.

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