QRG Capital Management Inc. Buys 19,570 Shares of eBay Inc. $EBAY

Key Points

• QRG Capital Management increased its eBay stake by 10.5% in the second quarter, purchasing 19,570 shares to reach 205,914 shares valued at approximately $23 million.
• eBay reported quarterly earnings of $1.60 per share and $3.13 billion in revenue, exceeding analyst expectations, while revenue rose 14.8% year over year.
• The company declared a quarterly dividend of $0.31 per share, representing a 1.2% yield, while analysts maintain a consensus “Hold” rating and an average price target of $117.

QRG Capital Management Inc. raised its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 10.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,914 shares of the e-commerce company's stock after buying an additional 19,570 shares during the quarter. QRG Capital Management Inc.'s holdings in eBay were worth $23,011,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EBAY. Vanguard Group Inc. grew its position in eBay by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 57,613,332 shares of the e-commerce company's stock valued at $5,018,121,000 after purchasing an additional 468,833 shares during the last quarter. Invesco Ltd. raised its stake in eBay by 8.3% during the 4th quarter. Invesco Ltd. now owns 9,020,923 shares of the e-commerce company's stock valued at $785,722,000 after buying an additional 692,805 shares during the last quarter. Independent Franchise Partners LLP increased its position in eBay by 5.2% during the fourth quarter. Independent Franchise Partners LLP now owns 7,748,177 shares of the e-commerce company's stock valued at $674,866,000 after acquiring an additional 384,570 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in eBay by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company's stock valued at $446,042,000 after acquiring an additional 80,450 shares during the period. Finally, Bank of America Corp DE lifted its holdings in eBay by 0.8% in the first quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company's stock valued at $338,799,000 after acquiring an additional 30,761 shares during the period. 87.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the sale, the chief executive officer directly owned 253,211 shares of the company's stock, valued at $27,486,054.05. This trade represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the business's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the transaction, the senior vice president owned 34,533 shares in the company, valued at $3,769,967.61. The trade was a 2.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 87,122 shares of company stock worth $9,953,842. Corporate insiders own 0.67% of the company's stock.

eBay Price Performance

NASDAQ EBAY opened at $102.31 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31. The stock has a market cap of $45.53 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.55 and a beta of 1.37. The company's 50 day moving average is $110.88 and its two-hundred day moving average is $101.92.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.10. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company's revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, research analysts anticipate that eBay Inc. will post 4.89 earnings per share for the current year.

eBay Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EBAY. Daiwa Securities Group boosted their price target on eBay from $90.00 to $114.00 in a research note on Monday, May 11th. Weiss Ratings raised shares of eBay from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday. Susquehanna restated a "neutral" rating on shares of eBay in a research report on Friday, August 7th. Robert W. Baird set a $126.00 target price on shares of eBay in a research report on Thursday, August 6th. Finally, Needham & Company LLC increased their price target on shares of eBay from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Fourteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, eBay has a consensus rating of "Hold" and a consensus target price of $117.00.

eBay Profile

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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