MTM Investment Management LLC Takes $122,000 Position in eBay Inc. $EBAY

MTM Investment Management LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,643 shares of the e-commerce company’s stock, valued at approximately $122,000.

Several other hedge funds have also bought and sold shares of the company. Princeton Global Asset Management LLC increased its position in eBay by 433.9% during the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after buying an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of eBay during the 1st quarter worth approximately $26,000. GFG Capital LLC acquired a new stake in eBay during the 2nd quarter valued at $28,000. Hantz Financial Services Inc. boosted its position 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 increased its holdings in shares of eBay by 1,470.6% in the second quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock valued at $40,000 after purchasing an additional 500 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Down 0.7%

Shares of eBay stock opened at $83.85 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15. The company has a market capitalization of $37.90 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.39 and a beta of 1.29. The firm’s 50-day moving average price is $90.18 and its two-hundred day moving average price is $84.19.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the company earned $1.19 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on EBAY. Truist Financial raised their target price on shares of eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. Cantor Fitzgerald boosted their price objective on eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Rothschild & Co Redburn dropped their price target on eBay from $95.00 to $90.00 in a report on Friday, November 7th. Bank of America upped their price objective on eBay from $89.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Finally, BMO Capital Markets boosted their target price on shares of eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nineteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.69.

Insider Activity at eBay

In related news, SVP Cornelius Boone sold 4,439 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the completion of the transaction, the senior vice president owned 93,392 shares of the company’s stock, valued at $8,361,385.76. This represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mazen Rawashdeh sold 1,910 shares of the business’s 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 approximately $341,521.44. The trade was a 33.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 63,317 shares of company stock valued at $5,361,568 in the last quarter. 0.64% of the stock is owned by company insiders.

eBay Company 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.