Raymond James Financial Inc. Buys 7,427 Shares of eBay Inc. $EBAY

Key Points

• Raymond James Financial Inc. increased its stake in eBay Inc. by 0.5%, owning 1,560,525 shares valued at approximately $105.69 million.
• eBay's quarterly earnings report showed an EPS of $1.37, beating analysts' expectations of $1.30, with revenue increasing by 6.1% year-over-year.
• Insiders at eBay have sold a total of 276,104 shares worth $22,025,676 in the last three months, indicating significant insider trading activity.

Raymond James Financial Inc. boosted its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,560,525 shares of the e-commerce company's stock after purchasing an additional 7,427 shares during the period. Raymond James Financial Inc. owned about 0.34% of eBay worth $105,694,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. boosted its position in eBay by 54.1% in the first quarter. American Century Companies Inc. now owns 873,577 shares of the e-commerce company's stock worth $59,167,000 after purchasing an additional 306,519 shares during the last quarter. Ethic Inc. boosted its position in eBay by 6.1% in the first quarter. Ethic Inc. now owns 128,025 shares of the e-commerce company's stock worth $8,680,000 after purchasing an additional 7,410 shares during the last quarter. Brandywine Global Investment Management LLC boosted its position in eBay by 17.6% in the first quarter. Brandywine Global Investment Management LLC now owns 782,713 shares of the e-commerce company's stock worth $53,013,000 after purchasing an additional 116,899 shares during the last quarter. Element Capital Management LLC purchased a new position in eBay in the first quarter worth $2,818,000. Finally, Aberdeen Group plc boosted its position in eBay by 77.7% in the first quarter. Aberdeen Group plc now owns 433,015 shares of the e-commerce company's stock worth $29,014,000 after purchasing an additional 189,332 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insiders Place Their Bets

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the stock in a transaction that occurred 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 sale, the senior vice president owned 53,107 shares in the company, valued at approximately $4,952,227.75. This trade represents a 58.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 183,209 shares of company stock worth $15,331,663. Corporate insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on EBAY. JMP Securities reissued a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. TD Securities upped their price target on eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Evercore ISI boosted their price objective on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Cantor Fitzgerald boosted their price objective on eBay from $69.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $78.19.

eBay Trading Up 0.4%

EBAY stock traded up $0.36 during trading on Friday, hitting $99.22. 6,650,901 shares of the company traded hands, compared to its average volume of 5,627,879. eBay Inc. has a 1 year low of $56.33 and a 1 year high of $101.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50-day moving average of $83.26 and a 200-day moving average of $73.64. The firm has a market capitalization of $45.34 billion, a PE ratio of 21.85, a P/E/G ratio of 2.40 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last released 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. eBay had a return on equity of 38.97% and a net margin of 20.86%.The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same quarter last year, the business posted $1.18 EPS. The business'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. Analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.2%. eBay's dividend payout ratio (DPR) is 25.55%.

About eBay

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.