Readystate Asset Management LP Makes New $7.43 Million Investment in eBay Inc. $EBAY

Key Points

• Readystate Asset Management LP acquired 66,497 eBay shares worth approximately $7.43 million during the second quarter. Institutional investors collectively own 87.48% of eBay’s outstanding stock.
• eBay exceeded quarterly expectations, reporting $1.60 in EPS and $3.13 billion in revenue, with revenue up 14.8% year over year. The company issued third-quarter 2026 EPS guidance of $1.36–$1.42.
• eBay declared a quarterly dividend of $0.31 per share, equivalent to a $1.24 annualized payout and a 1.2% yield. Analysts’ average rating is “Hold,” with an average price target of $117.24.

Readystate Asset Management LP purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 66,497 shares of the e-commerce company's stock, valued at approximately $7,431,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management increased its stake in shares of eBay by 29.7% during the second quarter. Spire Wealth Management now owns 489 shares of the e-commerce company's stock worth $55,000 after buying an additional 112 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in eBay by 4.6% in the second quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company's stock worth $312,000 after acquiring an additional 125 shares during the last quarter. Capital Asset Advisory Services LLC grew its holdings in eBay by 3.3% during the 1st quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company's stock worth $367,000 after acquiring an additional 129 shares in the last quarter. Harfst & Associates Inc. grew its holdings in eBay by 0.6% during the 4th quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company's stock worth $1,956,000 after acquiring an additional 131 shares in the last quarter. Finally, Commerce Bank increased its position in shares of eBay by 0.5% in the 4th quarter. Commerce Bank now owns 28,313 shares of the e-commerce company's stock valued at $2,466,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $103.41 on Monday. The business has a 50-day moving average price of $109.47 and a 200 day moving average price of $103.76. The stock has a market cap of $46.02 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.75 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm's revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities research analysts forecast that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EBAY shares. Benchmark raised their price objective on shares of eBay from $115.00 to $134.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Truist Financial increased their target price on eBay from $105.00 to $115.00 and gave the company a "hold" rating in a report on Thursday, August 6th. Weiss Ratings downgraded eBay from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, August 25th. Daiwa Securities Group upped their price objective on eBay from $90.00 to $114.00 in a research report on Monday, May 11th. Finally, Barclays increased their price objective on eBay from $114.00 to $123.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $117.24.

Insider Buying and Selling

In other news, SVP Mazen Rawashdeh sold 1,919 shares of the company's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the sale, the senior vice president directly owned 32,124 shares of the company's stock, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the 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 owned 253,211 shares of the company's stock, valued at $27,486,054.05. This trade represents a 4.20% 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. Insiders sold a total of 26,016 shares of company stock worth $2,870,341 in the last 90 days. Company insiders own 0.67% of the company's stock.

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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