Polar Asset Management Partners Inc. Invests $7.09 Million in eBay Inc. $EBAY

Key Points

• Polar Asset Management Partners Inc. has invested approximately $7.09 million in eBay, acquiring 104,600 shares during the first quarter.
• eBay CEO Jamie Iannone recently sold 12,644 shares for about $961,196, which has reduced his ownership in the company.
• Several analysts have updated their ratings on eBay, with an average rating of "Hold" and a consensus target price of $78.89.

Polar Asset Management Partners Inc. bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 104,600 shares of the e-commerce company's stock, valued at approximately $7,085,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EBAY. Marvin & Palmer Associates Inc. bought a new position in shares of eBay in the 1st quarter worth $2,958,000. Assenagon Asset Management S.A. increased its holdings in shares of eBay by 0.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock worth $3,596,000 after buying an additional 246 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of eBay by 59.6% in the 1st quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company's stock worth $261,000 after buying an additional 1,440 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of eBay by 2.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company's stock worth $5,381,000 after buying an additional 2,095 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of eBay by 0.7% in the 1st quarter. National Pension Service now owns 894,594 shares of the e-commerce company's stock worth $60,591,000 after buying an additional 5,782 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Activity

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 shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the transaction, the senior vice president directly owned 44,413 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total transaction of $961,196.88. Following the sale, the chief executive officer directly owned 317,625 shares of the company's stock, valued at approximately $24,145,852.50. This represents a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,801 shares of company stock valued at $14,763,913 over the last three months. Insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EBAY shares. Arete raised shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price target on the stock in a report on Thursday, August 7th. Susquehanna increased their price target on shares of eBay from $70.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Cfra Research raised shares of eBay to a "moderate buy" rating in a report on Thursday, June 5th. Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Finally, UBS Group set a $87.00 price objective on shares of eBay in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $78.89.

eBay Trading Up 0.4%

EBAY traded up $0.36 during trading on Monday, hitting $93.02. 6,846,610 shares of the stock traded hands, compared to its average volume of 5,671,355. The firm has a market capitalization of $42.51 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50-day moving average of $87.38 and a 200 day moving average of $75.77. eBay Inc. has a 12-month low of $56.33 and a 12-month high of $101.15.

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

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay's payout ratio is presently 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.