eBay Inc. $EBAY Shares Sold by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its holdings in eBay Inc. by 15.5%, owning 950,415 shares worth approximately $64.37 million at the end of the last quarter.
• eBay recently reported quarterly earnings, posting $1.37 earnings per share, which surpassed analysts' expectations, and had a revenue of $2.73 billion, marking a 6.1% year-over-year increase.
• The company declared a quarterly dividend of $0.29 per share, which translates to an annual yield of 1.2% with a payout ratio of 25.55%.

Royal Bank of Canada trimmed its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 15.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 950,415 shares of the e-commerce company's stock after selling 174,383 shares during the quarter. Royal Bank of Canada owned 0.21% of eBay worth $64,371,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new position in shares of eBay in the 1st quarter worth about $26,000. Abound Financial LLC purchased a new stake in shares of eBay during the 1st quarter valued at about $29,000. Orion Capital Management LLC purchased a new stake in shares of eBay during the 4th quarter valued at about $27,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay during the 4th quarter valued at about $31,000. Finally, Sierra Ocean LLC raised its holdings in shares of eBay by 84.9% during the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock valued at $36,000 after buying an additional 247 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Julie A. Loeger sold 75,952 shares of the business's 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 directly owned 53,107 shares in the company, valued at approximately $4,952,227.75. The trade was a 58.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $92.33, for a total value of $666,714.93. Following the completion of the sale, the chief executive officer owned 246,812 shares of the company's stock, valued at $22,788,151.96. This trade represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 174,801 shares of company stock worth $14,763,913. 0.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on EBAY. Barclays reiterated an "overweight" rating and set a $92.00 target price (up from $77.00) on shares of eBay in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on eBay from $75.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Susquehanna raised their target price on eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Bank of America raised their target price on eBay from $89.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Finally, Piper Sandler raised their target price on eBay from $74.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned 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.com, eBay currently has a consensus rating of "Hold" and a consensus target price of $78.89.

eBay Stock Up 0.4%

EBAY stock traded up $0.36 during midday trading on Monday, hitting $93.02. 6,846,610 shares of the company's stock were exchanged, compared to its average volume of 5,661,066. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a 12-month low of $56.33 and a 12-month high of $101.15. The firm has a 50 day moving average price of $87.38 and a 200-day moving average price of $75.77. The stock has a market capitalization of $42.51 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, beating 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 business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the business earned $1.18 EPS. The business's quarterly revenue was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

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