TD Asset Management Inc Sells 48,760 Shares of eBay Inc. $EBAY

Key Points

• TD Asset Management Inc reduced its stake in eBay Inc. by 9.7% in the second quarter, selling 48,760 shares, leading to ownership of approximately 0.10% of the company valued at $33.6 million.
• Multiple hedge funds increased their positions in eBay, with Impax Asset Management boosting their stake by an impressive 2,536.5% in the first quarter.
• Analysts revised their price targets for eBay shares, with estimates now ranging up to $95.00 from various firms, indicating a consensus rating of "Hold" with an average target price of $84.11.

TD Asset Management Inc reduced its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 451,833 shares of the e-commerce company's stock after selling 48,760 shares during the quarter. TD Asset Management Inc owned approximately 0.10% of eBay worth $33,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Impax Asset Management Group plc boosted its stake in shares of eBay by 2,536.5% in the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock valued at $239,037,000 after purchasing an additional 3,401,198 shares in the last quarter. Nuveen LLC bought a new stake in eBay during the first quarter worth about $202,346,000. Pacer Advisors Inc. raised its stake in shares of eBay by 5,181.4% in the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock valued at $148,757,000 after acquiring an additional 2,154,735 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in eBay by 253.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company's stock worth $187,191,000 after acquiring an additional 1,981,011 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its position in eBay by 19,822.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company's stock valued at $96,126,000 after purchasing an additional 1,284,501 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EBAY shares. Sanford C. Bernstein increased their target price on eBay from $85.00 to $95.00 and gave the stock a "market perform" rating in a report on Wednesday. Weiss Ratings reissued a "buy (b)" rating on shares of eBay in a report on Wednesday, October 8th. Wells Fargo & Company upped their price target on eBay from $84.00 to $89.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 7th. Needham & Company LLC raised their target price on shares of eBay from $78.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, UBS Group set a $87.00 price target on shares of eBay in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, eBay has a consensus rating of "Hold" and an average target price of $84.11.

eBay Stock Up 0.3%

Shares of NASDAQ:EBAY opened at $91.18 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15. The company has a 50 day moving average price of $92.91 and a two-hundred day moving average price of $80.31. The company has a market capitalization of $41.67 billion, a PE ratio of 20.08, a PEG ratio of 2.19 and a beta of 1.31.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.64 billion. During the same quarter in the prior year, the company earned $1.18 EPS. The firm'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. Analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

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

Insiders Place Their Bets

In related news, SVP Mazen Rawashdeh sold 1,910 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total transaction of $170,582.10. Following the completion of the sale, the senior vice president directly owned 3,824 shares of the company's stock, valued at approximately $341,521.44. This represents a 33.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $91.76, for a total transaction of $662,598.96. Following the sale, the chief executive officer directly owned 250,223 shares of the company's stock, valued at $22,960,462.48. This represents a 2.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,743 shares of company stock valued at $8,979,844 in the last quarter. 0.64% of the stock is owned by company insiders.

eBay Company 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.

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