W.H. Cornerstone Investments Inc. Takes $206,000 Position in eBay Inc. $EBAY

W.H. Cornerstone Investments Inc. bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,767 shares of the e-commerce company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Princeton Global Asset Management LLC grew its holdings in 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 in the last quarter. Wealth Preservation Advisors LLC purchased a new position in eBay during the 1st quarter worth approximately $26,000. GFG Capital LLC purchased a new stake in shares of eBay during the second quarter worth $28,000. Hantz Financial Services Inc. increased its stake in shares of eBay by 153.4% during the 2nd 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 last quarter. Finally, Private Wealth Asset Management LLC boosted its position 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. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Price Performance

NASDAQ EBAY traded up $0.17 during trading on Thursday, reaching $87.96. The company’s stock had a trading volume of 480,336 shares, compared to its average volume of 5,668,756. The stock has a market capitalization of $39.76 billion, a PE ratio of 19.17, a P/E/G ratio of 2.39 and a beta of 1.29. The firm has a fifty day moving average of $90.53 and a 200 day moving average of $83.84. 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 Inc. has a one year low of $58.71 and a one year high of $101.15.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 28th. eBay’s dividend payout ratio (DPR) is presently 25.22%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EBAY shares. Weiss Ratings restated a “buy (b)” rating on shares of eBay in a research report on Wednesday, October 8th. Argus restated a “hold” rating on shares of eBay in a report on Thursday, August 14th. Robert W. Baird raised their target price on shares of eBay from $89.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Piper Sandler decreased their target price on shares of eBay from $102.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets raised their price objective on eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nineteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.69.

Insider Buying and Selling at eBay

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 stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the transaction, the senior vice president owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total value of $585,478.68. Following the completion of the sale, the chief executive officer owned 235,781 shares in the company, valued at approximately $19,117,123.48. The trade was a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, 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.