Wealth Enhancement Advisory Services LLC Raises Holdings in eBay Inc. $EBAY

Key Points

• Wealth Enhancement Advisory Services increased its eBay stake by 13.8% in the second quarter, adding 31,001 shares to reach 256,031 shares valued at approximately $28.9 million. Institutional investors collectively own 87.48% of eBay.
• eBay reported a quarterly earnings beat, with EPS of $1.60 versus the $1.50 consensus and revenue of $3.13 billion, up 14.8% year over year. The company issued third-quarter EPS guidance of $1.36–$1.42.
• Insiders sold 87,122 shares worth nearly $10 million over the past three months, while eBay declared a quarterly dividend of $0.31 per share. Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $117.

Wealth Enhancement Advisory Services LLC grew its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,031 shares of the e-commerce company's stock after acquiring an additional 31,001 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of eBay worth $28,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of eBay by 62.6% during the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company's stock valued at $2,013,000 after purchasing an additional 8,899 shares during the period. North Dakota State Investment Board acquired a new stake in shares of eBay in the 4th quarter valued at about $1,809,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of eBay in the 4th quarter valued at about $9,368,000. Jefferies Financial Group Inc. bought a new stake in eBay in the 4th quarter valued at about $1,209,000. Finally, KBC Group NV raised its stake in eBay by 14.4% during the 4th quarter. KBC Group NV now owns 722,802 shares of the e-commerce company's stock worth $62,956,000 after buying an additional 90,724 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 11,110 shares of eBay 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 directly owned 253,211 shares of the company's stock, valued at $27,486,054.05. The trade was a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the company's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $115.61, for a total transaction of $116,766.10. Following the completion of the sale, the senior vice president owned 32,146 shares of the company's stock, valued at approximately $3,716,399.06. The trade was a 3.05% 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. In the last three months, insiders have sold 87,122 shares of company stock worth $9,953,842. Corporate insiders own 0.67% of the company's stock.

eBay Price Performance

EBAY stock opened at $102.31 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50-day simple moving average of $110.88 and a two-hundred day simple moving average of $101.92. The company has a market capitalization of $45.53 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.55 and a beta of 1.37. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The company's quarterly 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. Research analysts expect that eBay Inc. will post 4.89 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay's dividend payout ratio (DPR) is 25.67%.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent research reports. Wells Fargo & Company lowered eBay from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $105.00 to $92.00 in a report on Monday, August 3rd. TD Cowen upped their target price on eBay from $87.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, May 1st. Rothschild & Co Redburn increased their target price on eBay from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Wednesday, May 13th. Citizens Jmp downgraded shares of eBay from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Finally, BMO Capital Markets set a $145.00 price target on shares of eBay in a research note on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $117.00.

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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