Evolve Private Wealth LLC Buys New Position in eBay Inc. $EBAY

Evolve Private Wealth LLC bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 27,256 shares of the e-commerce company’s stock, valued at approximately $3,046,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Spire Wealth Management raised its position in eBay by 29.7% in the 2nd quarter. Spire Wealth Management now owns 489 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 112 shares during the period. B. Riley Wealth Advisors Inc. increased its position in eBay by 4.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company’s stock valued at $312,000 after purchasing an additional 125 shares during the period. Capital Asset Advisory Services LLC increased its position in eBay by 3.3% during the 1st quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company’s stock valued at $367,000 after purchasing an additional 129 shares during the period. Harfst & Associates Inc. raised its holdings in eBay by 0.6% in the 4th quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company’s stock worth $1,956,000 after purchasing an additional 131 shares in the last quarter. Finally, Commerce Bank raised its holdings in eBay by 0.5% in the 4th quarter. Commerce Bank now owns 28,313 shares of the e-commerce company’s stock worth $2,466,000 after purchasing an additional 132 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of research reports. Needham & Company LLC lifted their target price on shares of eBay from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. BMO Capital Markets set a $145.00 price target on shares of eBay in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of eBay from $87.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Argus raised eBay from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research report on Friday, August 7th. Finally, Arete Research reduced their target price on eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $117.24.

eBay Stock Performance

Shares of EBAY stock opened at $104.13 on Friday. The company’s fifty day moving average price is $110.12 and its 200-day moving average price is $102.31. The stock has a market cap of $46.34 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.51 and a beta of 1.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31.

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

eBay Announces Dividend

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

Insider Activity

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president directly owned 35,546 shares of the company’s stock, valued at $3,604,008.94. The trade was a 2.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of the sale, the chief executive officer owned 253,211 shares in the company, valued at $27,486,054.05. The trade was a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 37,126 shares of company stock worth $4,087,886. Insiders own 0.67% of the company’s stock.

About eBay

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.