Sumitomo Mitsui Trust Group Inc. Trims Stock Position in eBay Inc. $EBAY

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 6.4% during the second quarter, HoldingsChannel.com reports. The fund owned 1,060,728 shares of the e-commerce company’s stock after selling 72,225 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in eBay were worth $78,982,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased its holdings in eBay by 18.5% during the 1st quarter. GAMMA Investing LLC now owns 12,428 shares of the e-commerce company’s stock worth $842,000 after purchasing an additional 1,943 shares during the period. Golden State Wealth Management LLC increased its stake in shares of eBay by 204.4% during the first quarter. Golden State Wealth Management LLC now owns 1,321 shares of the e-commerce company’s stock valued at $89,000 after buying an additional 887 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of eBay by 5.1% during the first quarter. Sequoia Financial Advisors LLC now owns 16,094 shares of the e-commerce company’s stock valued at $1,090,000 after buying an additional 788 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of eBay by 10.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,258 shares of the e-commerce company’s stock valued at $6,935,000 after buying an additional 9,900 shares during the period. Finally, 3Chopt Investment Partners LLC purchased a new position in shares of eBay during the first quarter valued at $237,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EBAY has been the subject of several research reports. Mizuho began coverage on shares of eBay in a research report on Monday, September 29th. They issued a “neutral” rating and a $98.00 price target for the company. Needham & Company LLC boosted their price objective on shares of eBay from $78.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Robert W. Baird boosted their price objective on shares of eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. President Capital raised eBay from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $74.00 to $103.00 in a research report on Friday, September 19th. Finally, Benchmark boosted their price target on eBay from $78.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $89.13.

Insider Buying and Selling at eBay

In related news, SVP Mazen Rawashdeh sold 1,910 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $341,521.44. This trade represents a 33.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $91.76, for a total value of $662,598.96. Following the sale, the chief executive officer directly owned 250,223 shares in the company, valued at approximately $22,960,462.48. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,743 shares of company stock worth $8,979,844 over the last ninety days. 0.64% of the stock is owned by insiders.

eBay Stock Performance

EBAY opened at $97.20 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 52-week low of $56.33 and a 52-week high of $101.15. The company has a market cap of $44.42 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The firm’s 50-day moving average price is $92.62 and its 200-day moving average price is $81.88.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.07. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

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.