eBay Inc. $EBAY Holdings Lifted by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. raised its position in eBay Inc. (NASDAQ:EBAY) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,683 shares of the e-commerce company’s stock after purchasing an additional 4,780 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in eBay were worth $11,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hemington Wealth Management increased its position in eBay by 7.7% in the 2nd quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock valued at $129,000 after acquiring an additional 124 shares during the period. Capital Investment Advisors LLC increased its holdings in shares of eBay by 2.2% during the second quarter. Capital Investment Advisors LLC now owns 6,280 shares of the e-commerce company’s stock valued at $468,000 after purchasing an additional 138 shares during the period. Kovitz Investment Group Partners LLC raised its stake in shares of eBay by 0.6% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company’s stock valued at $1,560,000 after purchasing an additional 143 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in shares of eBay by 4.4% during the first quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company’s stock valued at $266,000 after purchasing an additional 166 shares in the last quarter. Finally, Hohimer Wealth Management LLC lifted its holdings in eBay by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company’s stock worth $4,024,000 after purchasing an additional 167 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Up 3.6%

eBay stock opened at $83.80 on Friday. The firm has a market cap of $37.88 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. eBay Inc. has a 1 year low of $58.71 and a 1 year high of $101.15. The firm’s 50 day moving average price is $90.74 and its two-hundred day moving average price is $83.31. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.03. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.The company’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. On average, research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, November 28th. eBay’s payout ratio is presently 25.22%.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 4,439 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total transaction of $397,423.67. Following the sale, the senior vice president owned 93,392 shares in the company, valued at $8,361,385.76. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total transaction of $170,582.10. Following the completion of the transaction, the senior vice president directly owned 3,824 shares of the company’s stock, valued at $341,521.44. This represents a 33.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 63,317 shares of company stock worth $5,361,568 in the last quarter. 0.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on EBAY shares. Arete raised shares of eBay from a “sell” rating to a “neutral” rating and set a $91.00 target price on the stock in a research note on Thursday, August 7th. Cowen reiterated a “hold” rating on shares of eBay in a report on Monday, October 20th. JPMorgan Chase & Co. boosted their target price on eBay from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of eBay in a research note on Wednesday, October 8th. Finally, Robert W. Baird boosted their price objective on eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $94.52.

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.