Fox Run Management L.L.C. Buys New Shares in eBay Inc. $EBAY

Fox Run Management L.L.C. bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, Holdings Channel.com reports. The firm bought 24,142 shares of the e-commerce company’s stock, valued at approximately $1,798,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC lifted its holdings in shares of eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 269 shares during the period. Wealth Preservation Advisors LLC acquired a new position in eBay during the first quarter worth approximately $26,000. GFG Capital LLC acquired a new position in eBay during the second quarter worth approximately $28,000. Hantz Financial Services Inc. raised its stake in eBay by 153.4% during the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 273 shares during the period. Finally, Private Wealth Asset Management LLC raised its stake in eBay by 1,470.6% during the second quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock worth $40,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Trading Up 3.6%

NASDAQ:EBAY opened at $83.80 on Friday. The business’s 50-day moving average is $90.74 and its two-hundred day moving average is $83.31. The firm has a market capitalization of $37.88 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. eBay Inc. has a 12 month low of $58.71 and a 12 month high of $101.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00.

eBay (NASDAQ:EBAY) last issued its earnings results 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. eBay had a return on equity of 41.45% and a net margin of 20.37%.The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Research analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 annualized dividend and a yield of 1.4%. eBay’s dividend payout ratio (DPR) is 25.22%.

Analyst Upgrades and Downgrades

EBAY has been the subject of several research reports. JMP Securities raised shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price objective for the company in a research note on Friday, October 24th. Wells Fargo & Company lifted their target price on eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. Cantor Fitzgerald boosted their price target on eBay from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Mizuho assumed coverage on eBay in a report on Monday, September 29th. They issued a “neutral” rating and a $98.00 price objective on the stock. Finally, President Capital raised eBay from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $74.00 to $103.00 in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $94.52.

Insider Activity

In related news, SVP Cornelius Boone sold 4,439 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction 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 sale, the senior vice president directly owned 3,824 shares in the company, valued at $341,521.44. This trade represents a 33.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 63,317 shares of company stock worth $5,361,568. Company insiders own 0.64% of the company’s stock.

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.