UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,893,253 shares of the e-commerce company's stock after selling 382,982 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.32% of eBay worth $658,571,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in eBay during the second quarter valued at about $4,406,897,000. Legal & General Group Plc purchased a new position in shares of eBay in the 2nd quarter worth about $506,653,000. Bank of America Corp DE purchased a new position in shares of eBay in the 2nd quarter worth about $405,182,000. Bank of New York Mellon Corp acquired a new position in shares of eBay in the 2nd quarter valued at about $282,479,000. Finally, Altshuler Shaham Ltd lifted its stake in shares of eBay by 4,452,655.3% in the 4th quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company's stock valued at $182,282,000 after purchasing an additional 2,092,748 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
EBAY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $124.00 price target on shares of eBay in a report on Monday, May 4th. Citizens Jmp downgraded shares of eBay from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 4th. Rothschild & Co Redburn lifted their target price on shares of eBay from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Wednesday, May 13th. BNP Paribas Exane increased their price target on eBay from $97.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 5th. Finally, Susquehanna reissued a "neutral" rating on shares of eBay in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $117.24.
View Our Latest Research Report on eBay
eBay Price Performance
EBAY stock opened at $105.62 on Friday. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $47.00 billion, a PE ratio of 21.87, a P/E/G ratio of 2.56 and a beta of 1.37. The stock's 50 day moving average is $109.77 and its two-hundred day moving average is $102.87.
eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results 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 net margin of 18.50% and a return on equity of 47.88%. The company had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same period in the prior year, the company earned $1.37 earnings per share. The firm's 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. Analysts predict that eBay Inc. will post 4.86 earnings per share for the current fiscal year.
eBay Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay's dividend payout ratio (DPR) is currently 25.67%.
Insider Activity
In other news, CEO Jamie Iannone sold 11,110 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were 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 in the company, valued at approximately $27,486,054.05. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of eBay stock in a transaction on Tuesday, August 18th. The stock was 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 $3,604,008.94. This trade represents a 2.77% 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 37,126 shares of company stock valued at $4,087,886 over the last three months. Insiders own 0.67% of the company's stock.
About eBay
(
Free Report)
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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