Vest Financial LLC Lowers Stock Position in eBay Inc. $EBAY

Key Points

• Vest Financial LLC reduced its stake in eBay Inc. by 1.2%, now holding 646,315 shares valued at approximately $48.1 million.
• CEO Jamie Iannone sold 7,221 shares for nearly $662,599, indicating a 2.80% decrease in his ownership.
• Several analysts have increased their price targets for eBay, with Benchmark raising its target from $78 to $100 and UBS setting a target of $87.

Vest Financial LLC cut its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 646,315 shares of the e-commerce company's stock after selling 7,901 shares during the period. Vest Financial LLC owned 0.14% of eBay worth $48,125,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new stake in eBay during the first quarter worth $26,000. GFG Capital LLC purchased a new stake in eBay during the second quarter worth $28,000. Abound Financial LLC purchased a new stake in eBay during the first quarter worth $29,000. Sierra Ocean LLC boosted its holdings in eBay by 84.9% during the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after buying an additional 247 shares in the last quarter. Finally, North Capital Inc. purchased a new stake in eBay during the first quarter worth $38,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Jamie Iannone sold 7,221 shares of the firm's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $91.76, for a total transaction of $662,598.96. Following the completion of the sale, the chief executive officer directly owned 250,223 shares in the company, valued at approximately $22,960,462.48. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mazen Rawashdeh sold 1,910 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total transaction of $170,582.10. Following the sale, the senior vice president owned 3,824 shares of the company's stock, valued at approximately $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,949 shares of company stock valued at $10,709,691 in the last quarter. Insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on EBAY shares. Benchmark increased their price target on shares of eBay from $78.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. UBS Group set a $87.00 price objective on shares of eBay in a report on Thursday, July 31st. Susquehanna increased their price objective on shares of eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Stifel Nicolaus increased their price objective on shares of eBay from $62.00 to $68.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. Finally, Arete raised shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price objective on the stock in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $81.29.

eBay Stock Performance

NASDAQ:EBAY opened at $88.55 on Monday. The company's 50-day moving average price is $93.06 and its 200-day moving average price is $79.84. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The company has a market cap of $40.47 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.13 and a beta of 1.31. eBay Inc. has a twelve month low of $56.33 and a twelve month high of $101.15.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the firm posted $1.18 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 29th. eBay's dividend payout ratio (DPR) is presently 25.55%.

eBay 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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