Van ECK Associates Corp Has $2.09 Million Stock Position in eBay Inc. $EBAY

Van ECK Associates Corp reduced its holdings in eBay Inc. (NASDAQ:EBAY) by 66.9% in the second quarter, HoldingsChannel reports. The firm owned 18,698 shares of the e-commerce company’s stock after selling 37,715 shares during the period. Van ECK Associates Corp’s holdings in eBay were worth $2,090,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Management LLC bought a new stake in shares of eBay in the 2nd quarter valued at $28,000. Cedar Mountain Advisors LLC boosted its stake in eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 156 shares in the last quarter. Field & Main Bank acquired a new stake in eBay in the second quarter worth $31,000. Cassaday & Co Wealth Management LLC acquired a new stake in eBay in the first quarter worth $26,000. Finally, Abound Financial LLC bought a new stake in eBay in the fourth quarter valued at $26,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EBAY. Daiwa Securities Group increased their price objective on shares of eBay from $90.00 to $114.00 in a research report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $127.00 price target on shares of eBay in a research note on Thursday, August 6th. Wells Fargo & Company lowered eBay from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $105.00 to $92.00 in a report on Monday, August 3rd. Wedbush boosted their price objective on eBay from $135.00 to $137.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Finally, Argus raised eBay from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $117.24.

eBay Price Performance

EBAY stock opened at $103.41 on Friday. The company has a market capitalization of $46.02 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.81 and a beta of 1.34. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The business has a 50-day simple moving average of $109.47 and a two-hundred day simple moving average of $103.61. 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 (NASDAQ:EBAY) last posted its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 for 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 company’s revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Research analysts expect that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a $0.31 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. eBay’s dividend payout ratio is presently 25.67%.

Insider Activity

In related news, SVP Mazen Rawashdeh sold 1,919 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total transaction of $208,230.69. Following the transaction, the senior vice president directly owned 32,124 shares of the company’s stock, valued at $3,485,775.24. This trade represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the transaction, the chief executive officer owned 253,211 shares in the company, valued at approximately $27,486,054.05. This trade represents a 4.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,016 shares of company stock worth $2,870,341 over the last quarter. 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.