Paralel Advisors LLC Acquires New Shares in eBay Inc. $EBAY

Key Points

• Paralel Advisors LLC acquired 650,000 eBay shares worth approximately $72.6 million, making eBay its eighth-largest portfolio holding and representing about 0.15% of the company.
• eBay reported quarterly earnings of $1.60 per share and revenue of $3.13 billion, exceeding analyst estimates; revenue increased 14.8% year over year. The company also declared a quarterly dividend of $0.31 per share.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $117.24, while institutional investors collectively own 87.48% of eBay’s stock.

Paralel Advisors LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 650,000 shares of the e-commerce company's stock, valued at approximately $72,638,000. eBay makes up about 2.8% of Paralel Advisors LLC's portfolio, making the stock its 8th biggest position. Paralel Advisors LLC owned 0.15% of eBay at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EBAY. BlackRock Inc. acquired a new position in eBay during the 2nd quarter worth approximately $4,406,897,000. Bank of New York Mellon Corp bought a new position in eBay in the 2nd quarter valued at approximately $282,479,000. Altshuler Shaham Ltd boosted its position in eBay by 4,452,655.3% in the fourth quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company's stock valued at $182,282,000 after buying an additional 2,092,748 shares in the last quarter. Deutsche Bank AG acquired a new stake in eBay in the second quarter valued at approximately $222,680,000. Finally, Alyeska Investment Group L.P. grew its stake in shares of eBay by 214.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company's stock worth $161,865,000 after buying an additional 1,267,601 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Trading Up 1.9%

Shares of NASDAQ EBAY opened at $104.61 on Friday. The firm has a 50 day moving average price of $110.21 and a two-hundred day moving average price of $102.30. The stock has a market cap of $46.55 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.37. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02.

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

eBay Dividend Announcement

The business also recently declared 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay's payout ratio is 25.67%.

Insider Buying and Selling at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of eBay stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the transaction, the senior vice president directly owned 35,546 shares of the company's stock, valued at $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the company's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the sale, the senior vice president owned 32,124 shares in the company, valued at $3,485,775.24. The trade was 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. In the last quarter, insiders have sold 37,126 shares of company stock worth $4,087,886. Insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EBAY. Benchmark upped their price target on shares of eBay from $115.00 to $134.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Robert W. Baird set a $126.00 price objective on eBay in a report on Thursday, August 6th. Wedbush boosted their price objective on eBay from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report on Thursday. Truist Financial upped their target price on eBay from $105.00 to $115.00 and gave the stock a "hold" rating in a report on Thursday, August 6th. Finally, BMO Capital Markets set a $145.00 target price on eBay in a research report on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $117.24.

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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