Pensionfund Sabic Lowers Holdings in eBay Inc. $EBAY

Key Points

• Pensionfund Sabic has reduced its stake in eBay Inc. by 15.9%, selling 4,000 shares during the first quarter, leaving it with 21,200 shares valued at approximately $1,436,000.
• Several institutional investors, including Kovitz Investment Group Partners LLC and Rosenberg Matthew Hamilton, have increased their positions in eBay, indicating growing confidence in the company's prospects despite Sabic's decrease.
• eBay's stock currently has a consensus rating of "Hold" with an average target price of $78.89, following a recent report showing better-than-expected earnings of $1.37 per share.

Pensionfund Sabic decreased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 15.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,200 shares of the e-commerce company's stock after selling 4,000 shares during the period. Pensionfund Sabic's holdings in eBay were worth $1,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of eBay during the 1st quarter worth approximately $1,326,000. Swedbank AB increased its stake in eBay by 0.3% in the first quarter. Swedbank AB now owns 1,525,380 shares of the e-commerce company's stock valued at $103,314,000 after purchasing an additional 3,957 shares during the period. Voya Investment Management LLC increased its stake in shares of eBay by 1.3% during the first quarter. Voya Investment Management LLC now owns 151,601 shares of the e-commerce company's stock worth $10,268,000 after acquiring an additional 1,896 shares during the period. Fruth Investment Management purchased a new stake in eBay during the first quarter worth about $208,000. Finally, First Hawaiian Bank boosted its holdings in eBay by 132.7% during 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 in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Price Performance

Shares of NASDAQ:EBAY traded down $0.44 on Monday, hitting $90.36. The stock had a trading volume of 4,002,581 shares, compared to its average volume of 5,268,855. The firm's 50 day moving average price is $88.92 and its 200-day moving average price is $76.61. The company has a market capitalization of $41.29 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.20 and a beta of 1.32. 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 twelve month low of $56.33 and a twelve month high of $101.15.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, equities research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

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 $0.29 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. eBay's dividend payout ratio (DPR) is presently 25.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citizens Jmp raised shares of eBay to a "hold" rating in a research report on Thursday, July 10th. Piper Sandler increased their price objective on shares of eBay from $74.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Bank of America raised their price target on shares of eBay from $89.00 to $101.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Needham & Company LLC raised their target price on shares of eBay from $78.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Arete Research upgraded shares of eBay from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $78.89.

Insider Buying and Selling at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the sale, the senior vice president owned 44,413 shares in the company, valued at $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Julie A. Loeger sold 75,952 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $93.25, for a total value of $7,082,524.00. Following the completion of the transaction, the senior vice president directly owned 53,107 shares in the company, valued at approximately $4,952,227.75. This represents a 58.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 174,801 shares of company stock worth $14,763,913 over the last 90 days. Insiders own 0.64% of the company's stock.

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.