Plato Investment Management Ltd Takes $1.49 Million Position in eBay Inc. $EBAY

Key Points

• Plato Investment Management acquired 13,398 eBay shares worth approximately $1.49 million during the second quarter. Institutional investors collectively own 87.48% of eBay’s stock.
• eBay reported stronger-than-expected quarterly results, with adjusted EPS of $1.60 versus the $1.50 consensus estimate and revenue of $3.13 billion, up 14.8% year over year.
• Insiders sold 86,112 shares worth $9.84 million over the past 90 days, while analysts maintain a consensus “Hold” rating with an average price target of $117.09. The company also declared a quarterly dividend of $0.31 per share.

Plato Investment Management Ltd acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,398 shares of the e-commerce company's stock, valued at approximately $1,488,000.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in eBay by 62.6% in the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company's stock worth $2,013,000 after purchasing an additional 8,899 shares during the last quarter. North Dakota State Investment Board bought a new position in shares of eBay during the fourth quarter valued at about $1,809,000. Eurizon Capital SGR S.p.A. bought a new position in shares of eBay during the fourth quarter valued at about $9,368,000. Jefferies Financial Group Inc. purchased a new position in shares of eBay in the fourth quarter worth about $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in shares of eBay by 904.3% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 283,215 shares of the e-commerce company's stock worth $24,668,000 after buying an additional 255,015 shares during the period. Institutional investors own 87.48% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 11,110 shares of the firm's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $109.59, for a total value of $1,217,544.90. Following the completion of the sale, the chief executive officer directly owned 280,204 shares of the company's stock, valued at approximately $30,707,556.36. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of eBay stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the sale, the senior vice president directly owned 29,217 shares in the company, valued at $3,419,557.68. The trade was a 63.12% decrease in their position. 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 ninety days, insiders sold 86,112 shares of company stock worth $9,837,076. 0.67% of the stock is currently owned by corporate insiders.

eBay Price Performance

Shares of EBAY stock opened at $100.94 on Tuesday. The firm has a market cap of $44.92 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.49 and a beta of 1.37. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The business's 50 day moving average price is $110.51 and its 200-day moving average price is $102.10. 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 announced its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the company earned $1.37 earnings per share. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities research analysts anticipate that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $0.31 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay's dividend payout ratio is 25.67%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EBAY. The Goldman Sachs Group raised their price target on eBay from $88.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. BMO Capital Markets set a $145.00 price objective on eBay in a research note on Thursday, August 6th. Truist Financial raised their target price on shares of eBay from $105.00 to $115.00 and gave the stock a "hold" rating in a report on Thursday, August 6th. Argus raised shares of eBay from a "hold" rating to a "buy" rating and set a $133.00 target price on the stock in a research note on Friday, August 7th. Finally, Daiwa Securities Group upped their price target on shares of eBay from $90.00 to $114.00 in a report on Monday, May 11th. Fourteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, eBay has a consensus rating of "Hold" and an average price target of $117.09.

About eBay

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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