Sienna Gestion Buys 16,579 Shares of eBay Inc. $EBAY

Sienna Gestion raised its stake in eBay Inc. (NASDAQ:EBAY) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,743 shares of the e-commerce company’s stock after purchasing an additional 16,579 shares during the period. Sienna Gestion’s holdings in eBay were worth $11,335,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Mutual Advisors LLC bought a new position in shares of eBay during the 1st quarter worth about $206,000. D.A. Davidson & CO. lifted its holdings in shares of eBay by 5.7% during the 1st quarter. D.A. Davidson & CO. now owns 15,093 shares of the e-commerce company’s stock worth $1,022,000 after acquiring an additional 820 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of eBay by 7.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,357,892 shares of the e-commerce company’s stock worth $91,970,000 after acquiring an additional 91,537 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of eBay by 7.1% during the 1st quarter. TD Private Client Wealth LLC now owns 6,877 shares of the e-commerce company’s stock worth $466,000 after acquiring an additional 454 shares during the period. Finally, Callan Capital LLC bought a new position in shares of eBay during the 1st quarter worth about $236,000. 87.48% of the stock is owned by institutional investors.

eBay Trading Down 0.8%

EBAY opened at $81.01 on Thursday. 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 stock has a market capitalization of $37.02 billion, a PE ratio of 17.61, a PEG ratio of 2.39 and a beta of 1.31. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The firm has a 50-day moving average price of $91.11 and a two-hundred day moving average price of $83.20.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.03. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.19 EPS. 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 analysts anticipate that eBay Inc. will post 3.86 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, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. eBay’s payout ratio is currently 25.22%.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $91.76, for a total transaction of $662,598.96. Following the completion of the sale, the chief executive officer owned 250,223 shares in the company, valued at $22,960,462.48. The trade was a 2.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction that occurred on 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 owned 3,824 shares of the company’s stock, valued at approximately $341,521.44. This represents a 33.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 20,791 shares of company stock worth $1,897,320 in the last quarter. 0.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EBAY shares. Bank of America raised their price objective on shares of eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. President Capital raised shares of eBay from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $74.00 to $103.00 in a report on Friday, September 19th. Truist Financial raised their price objective on shares of eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a report on Monday. Benchmark raised their price objective on shares of eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Arete Research upgraded shares of eBay from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $94.52.

About eBay

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.