Pacer Advisors Inc. Cuts Holdings in eBay Inc. $EBAY

Key Points

• Pacer Advisors cut its eBay position by 97.4% in the first quarter, selling 1.22 million shares and retaining 33,222 shares worth approximately $3.0 million. Hedge funds and other institutions still own 87.48% of eBay.
• eBay beat second-quarter expectations: Revenue rose 14.8% year over year to $3.13 billion, while adjusted EPS reached $1.60 versus the $1.50 consensus estimate. The company also raised its 2026 GMV growth outlook and issued third-quarter guidance above expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $116.16. While some firms raised targets to $135, others cited valuation and potential margin pressure from Depop integration; insiders have also sold shares under pre-arranged trading plans.

Pacer Advisors Inc. lowered its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 97.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,222 shares of the e-commerce company's stock after selling 1,223,753 shares during the period. Pacer Advisors Inc.'s holdings in eBay were worth $3,024,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EBAY. Cedar Mountain Advisors LLC increased 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 in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in eBay during the first quarter worth approximately $26,000. Abound Financial LLC purchased a new position in eBay during the fourth quarter worth approximately $26,000. High Point Wealth Management LLC purchased a new position in eBay during the fourth quarter worth approximately $26,000. Finally, Jessup Wealth Management Inc acquired a new stake in eBay in the fourth quarter valued at approximately $27,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EBAY. Robert W. Baird set a $126.00 price objective on eBay in a research report on Thursday. Barclays lifted their price target on shares of eBay from $114.00 to $123.00 and gave the company an "overweight" rating in a research note on Thursday. President Capital boosted their price target on shares of eBay from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. Weiss Ratings reissued a "buy (b)" rating on shares of eBay in a report on Friday, June 12th. Finally, Stifel Nicolaus set a $98.00 price objective on shares of eBay in a research report on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $116.16.

Key Headlines Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Q2 results beat expectations: Revenue rose 15% year over year to $3.13 billion, while adjusted EPS of $1.60 exceeded the approximately $1.50 consensus estimate. GMV increased 15% to $22.4 billion, supported by luxury goods, collectibles, refurbished products and advertising growth. eBay Inc. Reports Second Quarter 2026 Results
• Positive Sentiment: Outlook was raised: eBay lifted its 2026 GMV growth forecast to 11.5%-12.5% and issued third-quarter revenue guidance above consensus, reinforcing expectations for continued momentum. EBAY Q2 Earnings Beat Estimates on Higher GMV and Ad Growth
• Positive Sentiment: Some analysts see upside: Needham raised its target to $135 and maintained a Buy rating, while Wedbush reaffirmed Outperform with a $135 target. eBay is also expanding live-shopping initiatives and using AI tools to improve commerce. eBay continues to bet on live shopping after record quarter
• Neutral Sentiment: Takeover speculation remains a potential catalyst: Commentary continues to discuss a possible GameStop bid and a $125 offer scenario, but no completed transaction has been announced. eBay also declared a quarterly dividend of $0.31 per share.
• Negative Sentiment: Valuation and margins are concerns: Analysts note that the stock’s valuation may already reflect much of the earnings improvement, while Depop integration could pressure margins. UBS maintained Hold at $107, and Cantor Fitzgerald lowered its target to $106. Citizens JMP also downgraded eBay to Market Perform. eBay Rated Hold as Strong Top-Line Momentum Offsets Margin Pressure from Depop Integration

Insiders Place Their Bets

In other news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the firm's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the transaction, the senior vice president directly owned 34,533 shares of the company's stock, valued at approximately $3,769,967.61. This trade represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a 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 dated Monday, July 6th. The stock was sold at an average price of $113.33, for a total transaction of $1,259,096.30. Following the transaction, the chief executive officer owned 275,431 shares in the company, valued at $31,214,595.23. The trade was a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 76,012 shares of company stock valued at $8,747,852 in the last 90 days. 0.67% of the stock is owned by insiders.

eBay Price Performance

Shares of eBay stock opened at $110.14 on Friday. The stock has a market capitalization of $48.90 billion, a P/E ratio of 22.80, a PEG ratio of 2.44 and a beta of 1.37. The business has a 50 day simple moving average of $111.07 and a two-hundred day simple moving average of $101.51. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.10. eBay had a return on equity of 48.10% and a net margin of 18.50%.The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The business's revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, analysts predict that eBay Inc. will post 4.89 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 28th. eBay's payout ratio is 28.12%.

eBay Company 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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