OFI Invest Asset Management Buys New Shares in eBay Inc. $EBAY

Key Points

• OFI Invest Asset Management bought 1.09 million eBay shares worth approximately $122.1 million in the second quarter, making eBay 1.2% of its portfolio and its 20th-largest holding.
• eBay reported stronger-than-expected quarterly results, with EPS of $1.60 and revenue of $3.13 billion, up 14.8% year over year. The company issued third-quarter EPS guidance of $1.36 to $1.42.
• Analysts maintain a consensus “Hold” rating with an average price target of $117.09, while eBay declared a quarterly dividend of $0.31 per share, equivalent to a 1.2% annual yield.

OFI Invest Asset Management purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,092,808 shares of the e-commerce company's stock, valued at approximately $122,121,000. eBay comprises about 1.2% of OFI Invest Asset Management's portfolio, making the stock its 20th biggest holding. OFI Invest Asset Management owned about 0.25% of eBay as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Cedar Mountain Advisors LLC lifted its stake in shares of eBay by 128.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company's stock valued at $25,000 after purchasing an additional 156 shares during the period. High Point Wealth Management LLC bought a new stake in shares of eBay during the 4th quarter valued at about $26,000. Abound Financial LLC acquired a new stake in eBay during the fourth quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in eBay during the first quarter worth approximately $26,000. Finally, Jessup Wealth Management Inc acquired a new stake in eBay during the fourth quarter worth approximately $27,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Up 2.2%

EBAY stock opened at $104.58 on Friday. The firm has a market capitalization of $46.54 billion, a PE ratio of 21.65, a P/E/G ratio of 2.48 and a beta of 1.37. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $119.31. The stock's 50 day moving average is $110.79 and its 200-day moving average is $101.99.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The business's revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Sell-side analysts expect that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Dividend Announcement

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

Analysts Set New Price Targets

EBAY has been the subject of several recent analyst reports. Rothschild & Co Redburn raised their price objective on shares of eBay from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Arete Research cut their target price on shares of eBay from $113.00 to $111.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 26th. TD Cowen raised their price target on shares of eBay from $87.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $124.00 price target on shares of eBay in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of eBay from $87.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Fourteen equities 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. According to data from MarketBeat, eBay currently has a consensus rating of "Hold" and an average target price of $117.09.

Insider Buying and Selling at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the company's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $115.61, for a total value of $116,766.10. Following the transaction, the senior vice president owned 32,146 shares in the company, valued at approximately $3,716,399.06. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the transaction, the chief executive officer directly owned 253,211 shares in the company, valued at $27,486,054.05. This represents a 4.20% decrease in their position. 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 87,122 shares of company stock worth $9,953,842 in the last quarter. 0.67% of the stock is currently owned by company insiders.

eBay Profile

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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