Strategic Global Advisors LLC Invests $2.02 Million in eBay Inc. $EBAY

Key Points

• Strategic Global Advisors LLC acquired 18,100 eBay shares worth approximately $2.02 million in the second quarter. Institutional investors collectively own 87.48% of eBay’s outstanding stock.
• eBay exceeded quarterly expectations, reporting $1.60 in EPS versus the $1.50 consensus and revenue of $3.13 billion, up 14.8% year over year. The company guided for third-quarter EPS 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 maintain a consensus “Hold” rating with an average price target of $117.24, above the reported $104.20 share price.

Strategic Global Advisors LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,100 shares of the e-commerce company's stock, valued at approximately $2,023,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC increased its holdings in eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company's stock worth $25,000 after purchasing an additional 156 shares in the last quarter. Abound Financial LLC acquired a new position in shares of eBay during the 4th quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of eBay in the 1st quarter valued at approximately $26,000. Jessup Wealth Management Inc acquired a new stake in shares of eBay in the 4th quarter valued at approximately $27,000. Finally, Compass Financial Management LLC bought a new position in shares of eBay in the second quarter valued at $28,000. 87.48% of the stock is owned by institutional investors.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 11,110 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of the sale, the chief executive officer owned 253,211 shares of the company's stock, valued at $27,486,054.05. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the sale, the senior vice president directly owned 35,546 shares of the company's stock, valued at $3,604,008.94. This represents a 2.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 37,126 shares of company stock valued at $4,087,886. 0.67% of the stock is owned by corporate insiders.

eBay Stock Down 1.7%

NASDAQ EBAY opened at $104.20 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. The company has a market cap of $46.37 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.57 and a beta of 1.37. The company has a 50 day moving average of $109.94 and a 200-day moving average of $102.74. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $119.31.

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

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay's dividend payout ratio is 25.67%.

Wall Street Analyst Weigh In

EBAY has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $87.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Jefferies Financial Group set a $145.00 target price on shares of eBay in a research note on Thursday, August 6th. Rosenblatt Securities assumed coverage on eBay in a report on Thursday, August 20th. They set a "buy" rating and a $120.00 price target for the company. Benchmark boosted their price target on eBay from $115.00 to $134.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, TD Cowen upped their price objective on eBay from $87.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $117.24.

eBay Company Profile

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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