Perigon Wealth Management LLC Acquires New Position in eBay Inc. $EBAY

Perigon Wealth Management LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,633 shares of the e-commerce company’s stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EBAY. Cedar Mountain Advisors LLC lifted its stake in shares of eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 156 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in eBay in the 1st quarter valued at approximately $26,000. Abound Financial LLC bought a new stake in eBay during the 4th quarter valued at $26,000. High Point Wealth Management LLC bought a new stake in eBay during the 4th quarter valued at $26,000. Finally, Jessup Wealth Management Inc purchased a new stake in shares of eBay during the fourth quarter worth $27,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EBAY. Evercore set a $96.00 price target on eBay in a research report on Thursday, April 30th. Daiwa Securities Group increased their price objective on eBay from $90.00 to $114.00 in a report on Monday, May 11th. Argus upgraded eBay from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Friday, August 7th. The Goldman Sachs Group lifted their target price on eBay from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, UBS Group lifted their target price on eBay from $107.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Fourteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $117.09.

Insider Activity

In other news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $109.17, for a total transaction of $94,213.71. Following the completion of the transaction, the senior vice president owned 34,533 shares of the company’s stock, valued at approximately $3,769,967.61. The trade was a 2.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the transaction, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 86,112 shares of company stock worth $9,837,076. 0.67% of the stock is currently owned by insiders.

eBay Trading Up 0.4%

eBay stock opened at $102.64 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The stock has a market cap of $45.67 billion, a P/E ratio of 21.25, a PEG ratio of 2.47 and a beta of 1.37. The firm’s fifty day moving average price is $110.31 and its 200-day moving average price is $102.20.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the company earned $1.37 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities research analysts forecast that eBay Inc. will post 4.87 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s dividend payout ratio (DPR) is 25.67%.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.