Thompson Investment Management Inc. Sells 6,762 Shares of eBay Inc. $EBAY

Key Points

• Thompson Investment Management Inc. has decreased its holdings in eBay Inc. by 4.8%, selling 6,762 shares during the second quarter, and now owns 135,020 shares valued at approximately $10.05 million.
• eBay's stock has shown positive performance, with a Q2 2023 EPS of $1.37, exceeding analysts' expectations, and a 6.1% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.29, which amounts to a 1.3% yield, with a payout ratio of 25.55%.

Thompson Investment Management Inc. reduced its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,020 shares of the e-commerce company's stock after selling 6,762 shares during the quarter. eBay accounts for 1.4% of Thompson Investment Management Inc.'s portfolio, making the stock its 17th biggest holding. Thompson Investment Management Inc.'s holdings in eBay were worth $10,054,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Independent Franchise Partners LLP lifted its stake in eBay by 4.6% during the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company's stock valued at $791,714,000 after acquiring an additional 510,629 shares during the period. Invesco Ltd. raised its holdings in shares of eBay by 8.0% during the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company's stock valued at $571,736,000 after purchasing an additional 627,823 shares during the last quarter. Northern Trust Corp lifted its position in eBay by 4.4% during the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company's stock valued at $481,525,000 after purchasing an additional 300,216 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in eBay by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company's stock worth $417,021,000 after purchasing an additional 322,910 shares during the last quarter. Finally, Impax Asset Management Group plc grew its position in 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 worth $239,037,000 after purchasing an additional 3,401,198 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Performance

NASDAQ:EBAY opened at $90.13 on Friday. The stock has a 50-day moving average price of $93.12 and a 200 day moving average price of $79.50. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a 12-month low of $56.33 and a 12-month high of $101.15. The stock has a market capitalization of $41.19 billion, a P/E ratio of 19.85, a P/E/G ratio of 2.22 and a beta of 1.31.

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

eBay Dividend Announcement

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

Insider Activity at eBay

In other eBay news, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the completion of the transaction, the senior vice president directly owned 3,824 shares of the company's stock, valued at $341,521.44. This trade represents a 33.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 4,439 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $89.53, for a total transaction of $397,423.67. Following the sale, the senior vice president owned 93,392 shares in the company, valued at $8,361,385.76. This represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,949 shares of company stock valued at $10,709,691 over the last quarter. 0.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America increased their price target on eBay from $89.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Citizens Jmp raised eBay to a "hold" rating in a report on Thursday, July 10th. Barclays restated an "overweight" rating and set a $92.00 price target (up from $77.00) on shares of eBay in a research note on Thursday, July 31st. Weiss Ratings reissued a "buy (b)" rating on shares of eBay in a report on Wednesday. Finally, Needham & Company LLC boosted their price objective on shares of eBay from $78.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, eBay currently has an average rating of "Hold" and an average price target of $81.29.

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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