Patriot Financial Group Insurance Agency LLC Boosts Stock Position in eBay Inc. $EBAY

Key Points

• Patriot Financial Group Insurance Agency LLC boosted its stake in eBay Inc. by 14.0%, acquiring an additional 4,951 shares, bringing its total holdings to 40,396 shares valued at approximately $3 million.
• eBay's CEO, Jamie Iannone, recently sold 7,221 shares in a transaction worth over $666,000, reducing his ownership by 2.84%, while insider sales totaled 111,728 shares worth over $10 million in the last ninety days.
• Analysts are optimistic about eBay, with several rating upgrades, including an increase in the price target from $81 to $89 by Morgan Stanley, reflecting a positive outlook for the company's performance.

Patriot Financial Group Insurance Agency LLC increased its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,396 shares of the e-commerce company's stock after purchasing an additional 4,951 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in eBay were worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new stake in eBay during the 1st quarter worth about $26,000. Abound Financial LLC purchased a new stake in eBay in the 1st quarter valued at about $29,000. Sierra Ocean LLC grew its holdings in eBay by 84.9% in the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock valued at $36,000 after buying an additional 247 shares during the period. North Capital Inc. purchased a new stake in eBay in the 1st quarter valued at about $38,000. Finally, Rosenberg Matthew Hamilton grew its holdings in eBay by 36.5% in the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Activity

In related news, CEO Jamie Iannone sold 7,221 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the transaction, the chief executive officer directly owned 246,812 shares of the company's stock, valued at approximately $22,788,151.96. The trade was a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the completion of the transaction, the senior vice president directly owned 3,824 shares in the company, valued at approximately $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,728 shares of company stock worth $10,047,092 in the last ninety days. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on EBAY shares. Citizens Jmp upgraded eBay to a "hold" rating in a report on Thursday, July 10th. Argus restated a "hold" rating on shares of eBay in a report on Thursday, August 14th. Morgan Stanley lifted their price target on eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Robert W. Baird lifted their price target on eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, BMO Capital Markets upgraded eBay from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $70.00 to $102.00 in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and a consensus target price of $81.11.

eBay Stock Performance

eBay stock opened at $88.40 on Friday. The stock's 50 day moving average price is $92.10 and its 200 day moving average price is $78.61. The firm has a market capitalization of $40.40 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.12 and a beta of 1.31. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. eBay Inc. has a one year low of $56.33 and a one year high of $101.15.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.30 by $0.07. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.eBay's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, sell-side analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.3%. eBay's payout ratio is 25.55%.

eBay Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.

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