Woodline Partners LP Purchases New Holdings in eBay Inc. $EBAY

Key Points

• Woodline Partners LP acquired 217,436 shares of eBay Inc. valued at approximately $14.7 million in the first quarter.
• A significant number of institutional investors, including Impax Asset Management and Pacer Advisors, have substantially increased their stakes in eBay, with 87.48% of the stock now owned by hedge funds and institutional investors.
• eBay recently declared a quarterly dividend of $0.29 per share, representing a 1.3% dividend yield and scheduled for distribution on September 12th.

Woodline Partners LP purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 217,436 shares of the e-commerce company's stock, valued at approximately $14,727,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EBAY. Impax Asset Management Group plc increased its position in shares of eBay by 2,536.5% during 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 acquiring an additional 3,401,198 shares during the last quarter. Nuveen LLC purchased a new stake in shares of eBay during the first quarter valued at approximately $202,346,000. Pacer Advisors Inc. increased its position in shares of eBay by 5,181.4% during the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock valued at $148,757,000 after acquiring an additional 2,154,735 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of eBay by 253.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company's stock valued at $187,191,000 after acquiring an additional 1,981,011 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of eBay by 7,928.1% during the first quarter. GAMMA Investing LLC now owns 841,748 shares of the e-commerce company's stock valued at $57,012,000 after acquiring an additional 831,263 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EBAY shares. BMO Capital Markets raised eBay from a "market perform" rating to an "outperform" rating and increased their price target for the company from $70.00 to $102.00 in a research report on Thursday, July 31st. Needham & Company LLC increased their price objective on eBay from $78.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Benchmark increased their price objective on eBay from $78.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 31st. UBS Group set a $87.00 price objective on eBay in a report on Thursday, July 31st. Finally, Arete Research raised eBay from a "strong sell" rating to a "hold" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $78.89.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 12,644 shares of eBay stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total transaction of $961,196.88. Following the completion of the sale, the chief executive officer owned 317,625 shares of the company's stock, valued at approximately $24,145,852.50. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Julie A. Loeger sold 75,952 shares of eBay stock in a transaction on Monday, August 4th. The shares were sold at an average price of $93.25, for a total value of $7,082,524.00. Following the sale, the senior vice president directly owned 53,107 shares of the company's stock, valued at $4,952,227.75. This represents a 58.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 174,801 shares of company stock valued at $14,763,913 over the last three months. Company insiders own 0.64% of the company's stock.

eBay Price Performance

eBay stock opened at $91.29 on Thursday. eBay Inc. has a one year low of $56.33 and a one year high of $101.15. The business has a fifty day moving average price of $88.02 and a 200-day moving average price of $75.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $41.72 billion, a P/E ratio of 20.11, a PEG ratio of 2.24 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results 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 return on equity of 38.97% and a net margin of 20.86%.The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the company earned $1.18 earnings per share. The business'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. As a group, equities research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 29th. eBay's dividend payout ratio (DPR) is presently 25.55%.

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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