Elo Mutual Pension Insurance Co Increases Position in eBay Inc. $EBAY

Elo Mutual Pension Insurance Co boosted its position in eBay Inc. (NASDAQ:EBAY) by 16.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 56,916 shares of the e-commerce company’s stock after acquiring an additional 8,040 shares during the period. Elo Mutual Pension Insurance Co’s holdings in eBay were worth $4,238,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Garrett Wealth Advisory Group LLC grew its position in shares of eBay by 3.8% in the second quarter. Garrett Wealth Advisory Group LLC now owns 3,278 shares of the e-commerce company’s stock valued at $244,000 after purchasing an additional 119 shares during the period. Hemington Wealth Management boosted its stake in eBay by 7.7% in the 2nd quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock worth $129,000 after buying an additional 124 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of eBay by 9.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock valued at $124,000 after acquiring an additional 137 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of eBay by 2.2% during the 2nd quarter. Capital Investment Advisors LLC now owns 6,280 shares of the e-commerce company’s stock valued at $468,000 after acquiring an additional 138 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of eBay by 0.6% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company’s stock worth $1,560,000 after acquiring an additional 143 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 4,439 shares of the company’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 value of $397,423.67. Following the completion of the transaction, the senior vice president owned 93,392 shares in the company, valued at $8,361,385.76. This represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the sale, the senior vice president owned 3,824 shares in the company, valued at $341,521.44. This represents a 33.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 64,323 shares of company stock valued at $5,444,100. Insiders own 0.64% of the company’s stock.

eBay Stock Performance

NASDAQ:EBAY opened at $82.79 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $37.42 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.39 and a beta of 1.29. The firm’s fifty day simple moving average is $88.79 and its 200 day simple moving average is $84.78. eBay Inc. has a twelve month low of $58.71 and a twelve month high of $101.15.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the firm earned $1.19 EPS. The firm’s quarterly 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. As a group, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 28th. eBay’s dividend payout ratio (DPR) is presently 25.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EBAY shares. Weiss Ratings restated a “buy (b+)” rating on shares of eBay in a report on Thursday, November 13th. Rothschild & Co Redburn lowered their price objective on shares of eBay from $95.00 to $90.00 in a research note on Friday, November 7th. Daiwa Capital Markets dropped their price objective on eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. TD Cowen increased their target price on eBay from $80.00 to $84.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Finally, Barclays boosted their price target on eBay from $92.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $94.69.

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.