Y Intercept Hong Kong Ltd Has $3.09 Million Position in eBay Inc. $EBAY

Key Points

• Y Intercept Hong Kong Ltd increased its eBay stake by 751.6% in the second quarter, ending with 27,625 shares valued at approximately $3.09 million. Institutional investors and hedge funds collectively own 87.48% of eBay.
• Analysts maintain a consensus “Hold” rating with an average price target of $117, although targets range from $100 to $133 and Argus upgraded the stock to “Buy.”
• eBay reported better-than-expected quarterly results, with $1.60 in earnings per share and $3.13 billion in revenue, while revenue rose 14.8% year over year. The company also declared a quarterly dividend of $0.31 per share, representing a 1.2% yield.

Y Intercept Hong Kong Ltd lifted its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 751.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,625 shares of the e-commerce company's stock after acquiring an additional 24,381 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in eBay were worth $3,087,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd raised its position in shares of eBay by 4,452,655.3% during 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 acquiring an additional 2,092,748 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in eBay by 214.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company's stock worth $161,865,000 after buying an additional 1,267,601 shares during the period. Pacer Advisors Inc. increased its position in shares of eBay by 3,248.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,256,975 shares of the e-commerce company's stock worth $109,483,000 after acquiring an additional 1,219,439 shares in the last quarter. Allianz Asset Management GmbH lifted its position in eBay by 47.5% in the 4th quarter. Allianz Asset Management GmbH now owns 3,626,424 shares of the e-commerce company's stock valued at $315,862,000 after acquiring an additional 1,167,019 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of eBay in the 4th quarter valued at about $98,728,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EBAY. JPMorgan Chase & Co. lifted their price objective on shares of eBay from $87.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Argus raised eBay from a "hold" rating to a "buy" rating and set a $133.00 price objective for the company in a report on Friday, August 7th. Robert W. Baird set a $126.00 price objective on shares of eBay in a research report on Thursday, August 6th. Susquehanna reissued a "neutral" rating on shares of eBay in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft set a $124.00 price target on eBay in a research note on Monday, May 4th. Fourteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $117.00.

Insider Buying and Selling

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $109.17, for a total transaction of $94,213.71. Following the completion of the transaction, the senior vice president directly owned 34,533 shares in the company, valued at $3,769,967.61. The trade was a 2.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the company's stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the sale, the senior vice president owned 32,124 shares of the company's stock, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their ownership of the stock. 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 90 days, insiders have sold 87,122 shares of company stock worth $9,953,842. Corporate insiders own 0.67% of the company's stock.

eBay Stock Down 3.5%

EBAY stock opened at $102.31 on Thursday. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $45.53 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.55 and a beta of 1.37. The business's fifty day moving average price is $110.88 and its two-hundred day moving average price is $101.92.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.10. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. eBay's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities analysts anticipate that eBay Inc. will post 4.89 earnings per share for the current year.

eBay Dividend Announcement

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

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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