Sowell Financial Services LLC Buys Shares of 18,881 eBay Inc. $EBAY

Key Points

• Sowell Financial Services LLC acquired 18,881 shares of eBay Inc., valued at approximately $1,406,000, during the second quarter.
• Insider transactions included SVP Julie A. Loeger selling 75,952 shares and CEO Jamie Iannone selling 12,644 shares, indicating a significant reduction in their ownership stakes.
• Analyst ratings for eBay have been upgraded recently, with price targets raised by firms including Piper Sandler and Morgan Stanley, reflecting positive sentiment around the stock.

Sowell Financial Services LLC bought a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,881 shares of the e-commerce company's stock, valued at approximately $1,406,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kovitz Investment Group Partners LLC raised its holdings in eBay by 0.6% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company's stock valued at $1,560,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton grew its position in shares of eBay by 36.5% during the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after purchasing an additional 160 shares in the last quarter. Capital Investment Advisory Services LLC grew its position in shares of eBay by 4.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock valued at $285,000 after purchasing an additional 160 shares in the last quarter. Journey Strategic Wealth LLC grew its position in shares of eBay by 4.4% during the 1st quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company's stock valued at $266,000 after purchasing an additional 166 shares in the last quarter. Finally, Hohimer Wealth Management LLC grew its position in shares of eBay by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock valued at $4,024,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the transaction, the senior vice president owned 53,107 shares of the company's stock, valued at approximately $4,952,227.75. This trade represents a 58.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total transaction of $961,196.88. Following the transaction, the chief executive officer directly owned 317,625 shares of the company's stock, valued at $24,145,852.50. This represents a 3.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,553 shares of company stock valued at $13,505,983. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EBAY has been the subject of a number of recent analyst reports. Cantor Fitzgerald boosted their price target on shares of eBay from $69.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Citizens Jmp upgraded shares of eBay to a "hold" rating in a research report on Thursday, July 10th. Piper Sandler boosted their price target on shares of eBay from $74.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. 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. Finally, Susquehanna upped their target price on shares of eBay from $70.00 to $95.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $78.89.

eBay Stock Performance

Shares of EBAY opened at $90.59 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. eBay Inc. has a one year low of $56.33 and a one year high of $101.15. The company has a 50-day simple moving average of $90.25 and a two-hundred day simple moving average of $77.40. The firm has a market capitalization of $41.40 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.20 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 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 business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the business posted $1.18 earnings per share. eBay'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. On average, analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid 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 dividend yield of 1.3%. eBay's dividend payout ratio (DPR) is currently 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.

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.