Shell Asset Management Co. Increases Holdings in eBay Inc. $EBAY

Key Points

• Shell Asset Management Co. significantly increased its stake in eBay Inc. by 108.5% during the second quarter, owning 22,708 shares valued at approximately $1.69 million.
• Multiple research firms have issued new price targets for eBay, with Barclays raising its target to $92.00 and Morgan Stanley updating it to $89.00, indicating a generally positive outlook on the stock.
• eBay's latest earnings report showed a 6.1% year-over-year revenue increase with earnings per share of $1.37, beating analyst expectations by $0.07.

Shell Asset Management Co. increased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 108.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,708 shares of the e-commerce company's stock after purchasing an additional 11,817 shares during the quarter. Shell Asset Management Co.'s holdings in eBay were worth $1,691,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new position in shares of eBay in the first quarter valued at $26,000. Abound Financial LLC purchased a new position in shares of eBay in the first quarter valued at $29,000. Sierra Ocean LLC grew its position in 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 in the last quarter. North Capital Inc. purchased a new position in eBay during the first quarter worth about $38,000. Finally, Tsfg LLC grew its position in eBay by 58.8% during the first quarter. Tsfg LLC now owns 602 shares of the e-commerce company's stock worth $41,000 after buying an additional 223 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on EBAY. Cowen restated a "hold" rating on shares of eBay in a research report on Tuesday, July 22nd. Stifel Nicolaus boosted their target price on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Weiss Ratings restated a "buy (b)" rating on shares of eBay in a research report on Wednesday. Barclays restated an "overweight" rating and set a $92.00 target price (up from $77.00) on shares of eBay in a research report on Thursday, July 31st. Finally, Morgan Stanley boosted their target price on eBay from $81.00 to $89.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $81.29.

eBay Trading Down 1.0%

NASDAQ EBAY opened at $92.08 on Thursday. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average of $93.15 and a 200-day moving average of $79.34. The firm has a market cap of $42.08 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.24 and a beta of 1.31.

eBay (NASDAQ:EBAY - Get Free Report) last released its 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the company posted $1.18 EPS. eBay's revenue for the quarter 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, sell-side analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay's dividend payout ratio is presently 25.55%.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the completion of the transaction, the chief executive officer owned 246,812 shares of the company's stock, valued at $22,788,151.96. This represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Cornelius Boone sold 4,439 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the transaction, the senior vice president directly owned 93,392 shares of the company's stock, valued at $8,361,385.76. The trade was a 4.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,949 shares of company stock worth $10,709,691 over the last three months. 0.64% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.