Oppenheimer Asset Management Inc. Acquires New Holdings in eBay Inc. $EBAY

Key Points

• Oppenheimer Asset Management acquired 35,445 eBay shares valued at approximately $3.96 million. Institutional investors collectively own 87.48% of the company.
• Analyst sentiment remains mixed: eBay has a consensus rating of “Hold” and an average price target of $117.09, with recent targets ranging from $92 to $145.
• eBay exceeded quarterly expectations, reporting $1.60 in adjusted EPS and $3.13 billion in revenue, up 14.8% year over year. The company also declared a quarterly dividend of $0.31 per share, a 1.2% annualized yield.

Oppenheimer Asset Management Inc. acquired a new position in eBay Inc. (NASDAQ:EBAY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,445 shares of the e-commerce company's stock, valued at approximately $3,961,000.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on EBAY. Mizuho set a $110.00 price target on eBay in a research report on Thursday, August 6th. Wells Fargo & Company lowered eBay from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $105.00 to $92.00 in a report on Monday, August 3rd. Piper Sandler reaffirmed an "overweight" rating and set a $133.00 target price (up from $115.00) on shares of eBay in a research note on Thursday, August 6th. BMO Capital Markets set a $145.00 target price on eBay in a research note on Thursday, August 6th. Finally, Wedbush reaffirmed an "outperform" rating and set a $135.00 target price on shares of eBay in a report on Thursday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $117.09.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of eBay stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $115.61, for a total value of $116,766.10. Following the transaction, the senior vice president directly owned 32,146 shares of the company's stock, valued at $3,716,399.06. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the sale, the chief executive officer 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 have sold a total of 87,122 shares of company stock valued at $9,953,842 over the last ninety days. Corporate insiders own 0.67% of the company's stock.

eBay Stock Down 1.4%

Shares of eBay stock opened at $103.14 on Friday. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The firm has a market capitalization of $45.90 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.49 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. The stock's fifty day moving average is $110.66 and its 200-day moving average is $102.00.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.eBay's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts anticipate that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Announces Dividend

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