Truvestments Capital LLC Has $1.01 Million Holdings in eBay Inc. $EBAY

Key Points

• Truvestments Capital LLC increased its holdings in eBay Inc. by 235.2% during the first quarter, bringing its total shares to 14,859 and the value of its investment to approximately $1.01 million.
• Several institutional investors, including Impax Asset Management and Pacer Advisors, have also significantly increased their positions in eBay, leading to over 87% of the company's stock being owned by such entities.
• eBay reported $1.37 EPS for the last quarter, exceeding analyst estimates of $1.30, and indicated a revenue increase of 6.1% compared to the previous year.

Truvestments Capital LLC grew its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 235.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,859 shares of the e-commerce company's stock after buying an additional 10,426 shares during the quarter. Truvestments Capital LLC's holdings in eBay were worth $1,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EBAY. Impax Asset Management Group plc boosted its holdings in shares of eBay by 2,536.5% in the first 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 buying an additional 3,401,198 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after buying an additional 3,149,934 shares during the period. Nuveen LLC acquired a new position in shares of eBay in the first quarter valued at approximately $202,346,000. Pacer Advisors Inc. lifted its position 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 worth $148,757,000 after purchasing an additional 2,154,735 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of eBay by 253.1% in the first 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 purchasing an additional 1,981,011 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Price Performance

Shares of EBAY opened at $94.64 on Wednesday. The company has a market cap of $43.25 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.38 and a beta of 1.27. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The company's fifty day simple moving average is $84.46 and its 200 day simple moving average is $74.31. 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 (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, topping 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 firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the previous year, the business posted $1.18 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay's payout ratio is 25.55%.

Insider Activity at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of eBay stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the transaction, the senior vice president directly owned 44,413 shares of the company's stock, valued at $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the transaction, the senior vice president directly owned 92,053 shares of the company's stock, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 183,209 shares of company stock valued at $15,331,663. 0.64% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Daiwa Capital Markets raised shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective on the stock in a research report on Monday, May 12th. UBS Group set a $87.00 price objective on shares of eBay in a research report on Thursday, July 31st. Morgan Stanley boosted their price objective on shares of eBay from $81.00 to $89.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Truist Financial boosted their price objective on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Piper Sandler boosted their price objective on shares of eBay from $74.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, eBay has a consensus rating of "Hold" and a consensus price target of $78.89.

About eBay

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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