TD Waterhouse Canada Inc. Sells 55,075 Shares of eBay Inc. $EBAY

Key Points

• TD Waterhouse Canada reduced its eBay stake by 29.9%, selling 55,075 shares during the second quarter and retaining 128,869 shares valued at approximately $14.3 million.
• eBay reported stronger-than-expected quarterly results, with earnings per share of $1.60 and revenue of $3.13 billion, representing 14.8% year-over-year growth.
• Analysts maintain a consensus “Hold” rating, with an average price target of $117.24, while eBay declared a quarterly dividend of $0.31 per share, yielding about 1.2% annually.

TD Waterhouse Canada Inc. trimmed its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 29.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,869 shares of the e-commerce company's stock after selling 55,075 shares during the period. TD Waterhouse Canada Inc.'s holdings in eBay were worth $14,346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cedar Mountain Advisors LLC lifted its stake in shares of eBay by 128.9% in 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 during the period. Abound Financial LLC bought a new stake in eBay during the fourth quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in eBay during the first quarter valued at approximately $26,000. Jessup Wealth Management Inc bought a new position in eBay in the fourth quarter worth approximately $27,000. Finally, Compass Financial Management LLC bought a new position in eBay in the second quarter worth approximately $28,000. Hedge funds and other 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 the stock. Arete Research cut their price objective on shares of eBay from $113.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday, May 26th. UBS Group raised their target price on eBay from $107.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Wedbush lifted their target price on eBay from $135.00 to $137.00 and gave the company an "outperform" rating in a research report on Thursday, August 20th. Wells Fargo & Company downgraded eBay from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $105.00 to $92.00 in a research report on Monday, August 3rd. Finally, Needham & Company LLC upped their price target on eBay from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $117.24.

eBay Price Performance

NASDAQ:EBAY opened at $103.41 on Friday. The business's 50-day simple moving average is $109.47 and its two-hundred day simple moving average is $103.61. eBay Inc. has a 52 week low of $78.03 and a 52 week high of $119.31. The stock has a market cap of $46.02 billion, a PE ratio of 21.41, a P/E/G ratio of 2.81 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share 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 firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The business'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. As a group, analysts forecast that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay's dividend payout ratio is presently 25.67%.

Insider Buying and Selling at eBay

In related news, SVP Jordan Sweetnam sold 1,014 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares in the company, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the transaction, the chief executive officer owned 253,211 shares of the company's stock, valued at approximately $27,486,054.05. This represents a 4.20% 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. Insiders sold a total of 26,016 shares of company stock valued at $2,870,341 in the last three months. 0.67% of the stock is currently owned by corporate insiders.

eBay 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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