Quantitative Investment Management LLC Buys Shares of 7,048 eBay Inc. $EBAY

Key Points

• Quantitative Investment Management LLC has acquired a new position in eBay Inc., purchasing 7,048 shares valued at approximately $477,000 during the first quarter of 2023.
• Insider transactions revealed that both SVP Cornelius Boone and CEO Jamie Iannone sold shares recently, decreasing their ownership by 3.14% and 3.83% respectively.
• eBay reported a quarterly earnings per share of $1.37, exceeding analysts' expectations, with a revenue of $2.73 billion for the same quarter.

Quantitative Investment Management LLC bought a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,048 shares of the e-commerce company's stock, valued at approximately $477,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EBAY. Orion Capital Management LLC acquired a new position in shares of eBay during the fourth quarter worth about $27,000. Abound Financial LLC acquired a new position in shares of eBay during the first quarter worth about $29,000. Pinney & Scofield Inc. acquired a new position in shares of eBay during the fourth quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay during the fourth quarter worth about $33,000. Finally, Sierra Ocean LLC boosted its position in shares of eBay by 84.9% during the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after buying an additional 247 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on EBAY. Arete raised eBay from a "sell" rating to a "neutral" rating and set a $91.00 price target for the company in a research report on Thursday, August 7th. Morgan Stanley increased their price target on eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wedbush reissued a "neutral" rating and set a $72.00 price target on shares of eBay in a research report on Wednesday, June 11th. Citizens Jmp raised eBay to a "hold" rating in a research report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $78.89.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total transaction of $961,196.88. Following the transaction, the chief executive officer owned 317,625 shares in the company, valued at $24,145,852.50. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 2,985 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the sale, the senior vice president directly owned 92,053 shares in the company, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,209 shares of company stock worth $15,331,663 in the last quarter. Insiders own 0.64% of the company's stock.

eBay Price Performance

eBay stock traded down $0.87 during mid-day trading on Thursday, reaching $92.80. 6,203,059 shares of the company were exchanged, compared to its average volume of 6,886,510. The company has a fifty day simple moving average of $85.09 and a 200-day simple moving average of $74.61. eBay Inc. has a 12 month low of $56.33 and a 12 month high of $101.15. 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 market cap of $42.41 billion, a PE ratio of 20.44, a PEG ratio of 2.26 and a beta of 1.27.

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

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 29th. eBay's dividend payout ratio (DPR) is 25.55%.

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.