Wealthfront Advisers LLC Invests $8.76 Million in eBay Inc. $EBAY

Key Points

• Wealthfront Advisers purchased 78,355 eBay shares worth approximately $8.76 million in the second quarter. Institutional investors own 87.48% of eBay’s outstanding stock.
• eBay exceeded quarterly expectations, reporting $1.60 EPS and $3.13 billion in revenue, with revenue up 14.8% year over year. The company also declared a $0.31 quarterly dividend, equivalent to a 1.2% annualized yield.
• Analyst sentiment remains mixed: eBay has a consensus “Hold” rating and an average price target of $117.09, compared with a recent share price of $102.64.

Wealthfront Advisers LLC bought a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 78,355 shares of the e-commerce company's stock, valued at approximately $8,756,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC increased its stake in eBay by 128.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company's stock worth $25,000 after acquiring an additional 156 shares during the last quarter. High Point Wealth Management LLC purchased a new stake in shares of eBay during the 4th quarter worth approximately $26,000. Abound Financial LLC bought a new position in shares of eBay during the 4th quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC bought a new position in shares of eBay during the 1st quarter valued at approximately $26,000. Finally, Jessup Wealth Management Inc bought a new position in shares of eBay during the 4th quarter valued at approximately $27,000. 87.48% of the stock is owned by institutional investors.

eBay Stock Performance

NASDAQ EBAY opened at $102.64 on Thursday. The business's 50 day moving average price is $110.31 and its 200-day moving average price is $102.20. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The company has a market cap of $45.67 billion, a P/E ratio of 21.25, a P/E/G ratio of 2.47 and a beta of 1.37. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.10. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.eBay's revenue was up 14.8% on a year-over-year basis. During the same period last year, the company earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Sell-side analysts predict that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. eBay's dividend payout ratio is currently 25.67%.

Insider Transactions at eBay

In other news, SVP Mazen Rawashdeh sold 1,919 shares of the firm's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the sale, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of eBay stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $109.17, for a total transaction of $94,213.71. Following the transaction, the senior vice president directly owned 34,533 shares of the company's stock, valued at approximately $3,769,967.61. This represents a 2.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 86,112 shares of company stock worth $9,837,076. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EBAY. Robert W. Baird set a $126.00 price target on shares of eBay in a research report on Thursday, August 6th. Cantor Fitzgerald lowered their price objective on shares of eBay from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Morgan Stanley reissued an "overweight" rating and issued a $127.00 price objective on shares of eBay in a research note on Thursday, August 6th. Arete Research reduced their target price on shares of eBay from $113.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday, May 26th. Finally, Weiss Ratings upgraded shares of eBay from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday, August 11th. Fourteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $117.09.

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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