Truist Financial Corp Buys 32,306 Shares of eBay Inc. $EBAY

Key Points

• Truist Financial increased its eBay stake by 2.3%, buying 32,306 shares to hold 1,455,294 shares (about 0.32% of the company) valued at roughly $126.8 million.
• GameStop proposed a takeover at $125 per share (50% cash/50% stock) and, backed by Ryan Cohen and a reported ~$20B financing commitment, has pushed a proxy-threat narrative that lifted EBAY shares amid market skepticism about deal feasibility.
• eBay beat Q1 estimates (EPS $1.66 vs. $1.58), set Q2 guidance of 1.090–1.140 EPS, and declared a quarterly dividend of $0.31 per share (1.2% yield).

Truist Financial Corp raised its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,455,294 shares of the e-commerce company's stock after purchasing an additional 32,306 shares during the quarter. Truist Financial Corp owned 0.32% of eBay worth $126,756,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EBAY. First Trust Advisors LP increased its stake in eBay by 27.8% in the third quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company's stock valued at $755,767,000 after acquiring an additional 1,808,976 shares during the period. Woodline Partners LP bought a new stake in eBay in the third quarter valued at about $68,999,000. Arrowstreet Capital Limited Partnership increased its stake in eBay by 32.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,891,398 shares of the e-commerce company's stock valued at $262,973,000 after acquiring an additional 701,530 shares during the period. Danske Bank A S bought a new stake in eBay in the third quarter valued at about $63,098,000. Finally, Jupiter Asset Management Ltd. increased its stake in eBay by 236.9% in the third quarter. Jupiter Asset Management Ltd. now owns 893,087 shares of the e-commerce company's stock valued at $81,226,000 after acquiring an additional 628,023 shares during the period. Institutional investors own 87.48% of the company's stock.

Insider Activity at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 12,113 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $100.36, for a total transaction of $1,215,660.68. Following the sale, the senior vice president directly owned 30,835 shares of the company's stock, valued at $3,094,600.60. This represents a 28.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 21,000 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $97.37, for a total transaction of $2,044,770.00. Following the sale, the chief executive officer directly owned 352,653 shares in the company, valued at $34,337,822.61. This trade represents a 5.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 86,952 shares of company stock valued at $8,251,267 over the last three months. 0.64% of the stock is owned by company insiders.

eBay Price Performance

Shares of EBAY opened at $104.07 on Monday. The company has a market capitalization of $46.21 billion, a P/E ratio of 23.60, a PEG ratio of 2.28 and a beta of 1.39. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. eBay Inc. has a one year low of $67.48 and a one year high of $107.34. The business's 50 day simple moving average is $94.21 and its 200-day simple moving average is $89.73.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.04 billion. eBay had a return on equity of 46.11% and a net margin of 17.58%.eBay's revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. As a group, sell-side analysts predict that eBay Inc. will post 4.89 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid 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, May 29th. eBay's dividend payout ratio is 28.12%.

eBay News Summary

Here are the key news stories impacting eBay this week:

• Positive Sentiment: GameStop formally proposed to acquire eBay at $125/share (50% cash, 50% stock); the offer represents a sizable premium to recent prices and is the primary catalyst lifting EBAY shares. GameStop Proposes to Acquire eBay at $125.00 Per Share
• Positive Sentiment: Ryan Cohen and GameStop have built a position (~5% stake via derivatives/beneficial ownership) and say they’re prepared to pursue a proxy fight, increasing the chance the bid is pushed directly to shareholders. EBay Stock Surges After GameStop Makes $56 Billion Bid. What to Know.
• Positive Sentiment: GameStop says it has a commitment letter for roughly $20B of financing, signaling serious intent and providing firepower to fund the cash portion if the deal advances. GameStop makes bold $56 billion play for eBay, ready to go hostile
• Neutral Sentiment: While EBAY shares jumped on the news, they remain below the $125 offer in premarket trading — reflecting a market view that the bid may not be fully priced in or that closing is uncertain. Ebay shares struggle to track GameStop's ambitious bid price on investor skepticism
• Neutral Sentiment: Major outlets and analysts note the move is bold but unconventional — GameStop is far smaller than eBay — so market reaction mixes excitement about a premium and skepticism about execution. Meme stock GameStop makes $56 billion bid for eBay in bid to rival Amazon
• Negative Sentiment: Deal feasibility risks: size mismatch, leverage and regulatory/antitrust hurdles could prevent a transaction or force a lower offer — factors that limit upside unless the bid progresses. GME stock analysis: GameStop's bid for eBay faces a big leverage risk

Analysts Set New Price Targets

A number of research firms recently weighed in on EBAY. Cantor Fitzgerald upped their target price on shares of eBay from $100.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $132.00 target price on shares of eBay in a research note on Monday, April 27th. The Goldman Sachs Group upped their target price on shares of eBay from $88.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday. Robert W. Baird upped their target price on shares of eBay from $105.00 to $117.00 in a research note on Thursday. Finally, Truist Financial set a $94.00 target price on shares of eBay and gave the company a "hold" rating in a research note on Thursday, February 19th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $105.32.

About eBay

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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