Sit Investment Associates Inc. Sells 9,400 Shares of eBay Inc. $EBAY

Key Points

• Sit Investment Associates Inc. reduced its stake in eBay by 17.0%, selling 9,400 shares, and now holds 45,785 shares valued at approximately $3.1 million.
• eBay's recent quarterly earnings report showed an EPS of $1.37, exceeding the consensus estimate by $0.07, with revenues of $2.73 billion.
• The company declared a quarterly dividend of $0.29 per share, with an annualized yield of 1.2%, payable on September 12th.

Sit Investment Associates Inc. decreased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 17.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 45,785 shares of the e-commerce company's stock after selling 9,400 shares during the quarter. Sit Investment Associates Inc.'s holdings in eBay were worth $3,101,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Abound Financial LLC purchased a new position in eBay in the 1st quarter valued at approximately $29,000. Orion Capital Management LLC purchased a new position in eBay in the 4th quarter valued at approximately $27,000. Pinney & Scofield Inc. purchased a new stake in eBay during the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new position in eBay in the 4th quarter worth about $33,000. Finally, Sierra Ocean LLC boosted its stake in eBay by 84.9% in the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after purchasing an additional 247 shares during the period. Institutional investors own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EBAY shares. Barclays reissued an "overweight" rating and issued a $92.00 price target (up from $77.00) on shares of eBay in a report on Thursday, July 31st. Cowen reissued a "hold" rating on shares of eBay in a report on Tuesday, July 22nd. Morgan Stanley boosted their price target on shares of eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. TD Securities increased their price objective on eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus lifted their price objective on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $78.19.

Insider Buying and Selling at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total value of $1,825,935.86. Following the completion of the sale, the senior vice president owned 44,413 shares in the company, valued at approximately $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 92,895 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the transaction, the senior vice president owned 123,282 shares in the company, valued at $8,883,700.92. This represents a 42.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 276,104 shares of company stock valued at $22,025,676 over the last ninety days. Insiders own 0.64% of the company's stock.

eBay Price Performance

NASDAQ EBAY traded up $0.86 during trading on Tuesday, reaching $99.89. The company's stock had a trading volume of 3,714,475 shares, compared to its average volume of 5,624,882. The stock has a market capitalization of $45.65 billion, a PE ratio of 22.00, a P/E/G ratio of 2.43 and a beta of 1.27. 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 fifty day moving average of $82.41 and a 200 day moving average of $73.24. eBay Inc. has a one year low of $56.33 and a one year high of $101.15.

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

eBay Announces Dividend

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