Patton Fund Management Inc. Sells 34,916 Shares of eBay Inc. $EBAY

Key Points

• Patton Fund Management Inc. has significantly reduced its stake in eBay Inc. by 44.3%, selling 34,916 shares during the second quarter, now holding 43,961 shares valued at approximately $3.27 million.
• Over 87% of eBay's stock is now owned by institutional investors, with several firms increasing their positions in the company, notably Wealth Enhancement Advisory Services LLC increasing its stake by 47.3% in the fourth quarter.
• eBay announced a quarterly dividend of $0.29 per share, reflecting an annualized dividend of $1.16 and a dividend yield of 1.3%, with a payout ratio of 25.55%.

Patton Fund Management Inc. reduced its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 44.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 43,961 shares of the e-commerce company's stock after selling 34,916 shares during the quarter. Patton Fund Management Inc.'s holdings in eBay were worth $3,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Integrated Advisors Network LLC bought a new stake in eBay in the fourth quarter worth $210,000. Wealth Enhancement Advisory Services LLC lifted its position in eBay by 47.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 77,357 shares of the e-commerce company's stock worth $4,792,000 after buying an additional 24,840 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in eBay by 31.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,052 shares of the e-commerce company's stock worth $139,000 after buying an additional 492 shares during the last quarter. First Hawaiian Bank lifted its position in eBay by 132.7% in the first quarter. First Hawaiian Bank now owns 21,579 shares of the e-commerce company's stock worth $1,462,000 after buying an additional 12,306 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in eBay by 47.4% in the first quarter. Versant Capital Management Inc now owns 1,232 shares of the e-commerce company's stock worth $83,000 after buying an additional 396 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Activity

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of eBay stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $75.04, for a total value of $1,666,413.28. Following the transaction, the senior vice president owned 22,206 shares in the company, valued at $1,666,338.24. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction dated 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 owned 3,824 shares in the company, valued at $341,521.44. This trade represents a 33.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,553 shares of company stock valued at $13,505,983. Company insiders own 0.64% of the company's stock.

eBay Stock Down 2.1%

NASDAQ:EBAY opened at $91.14 on Friday. eBay Inc. has a twelve month low of $56.33 and a twelve month high of $101.15. The company has a market cap of $41.65 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.25 and a beta of 1.32. The stock has a fifty day simple moving average of $91.44 and a 200-day simple moving average of $77.95. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating 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%.The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

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

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of analyst reports. Barclays restated an "overweight" rating and issued a $92.00 price target (up from $77.00) on shares of eBay in a research report on Thursday, July 31st. Benchmark raised their price target on eBay from $78.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Stifel Nicolaus raised their price target on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Cfra Research upgraded eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on eBay from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. 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 issued a Sell rating to the company. According to MarketBeat.com, eBay currently has an average rating of "Hold" and a consensus target price of $79.75.

eBay Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.