Citizens Financial Group Inc. RI Acquires 3,071 Shares of eBay Inc. $EBAY

Citizens Financial Group Inc. RI grew its holdings in eBay Inc. (NASDAQ:EBAY) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,024 shares of the e-commerce company’s stock after purchasing an additional 3,071 shares during the period. Citizens Financial Group Inc. RI’s holdings in eBay were worth $12,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Ontario Teachers Pension Plan Board increased its stake in eBay by 51.0% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 16,124 shares of the e-commerce company’s stock worth $1,201,000 after buying an additional 5,444 shares during the period. Creative Planning grew its stake in eBay by 14.6% in the 2nd quarter. Creative Planning now owns 102,138 shares of the e-commerce company’s stock worth $7,605,000 after acquiring an additional 12,999 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of eBay by 3.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 113,063 shares of the e-commerce company’s stock worth $8,419,000 after acquiring an additional 3,522 shares during the period. Empower Advisory Group LLC increased its position in shares of eBay by 3.5% during the second quarter. Empower Advisory Group LLC now owns 4,566 shares of the e-commerce company’s stock worth $340,000 after acquiring an additional 153 shares during the period. Finally, Donoghue Forlines LLC bought a new stake in shares of eBay during the second quarter valued at approximately $2,584,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on EBAY. Bank of America increased their price objective on eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Rothschild & Co Redburn cut their price target on eBay from $95.00 to $90.00 in a research note on Friday, November 7th. Wells Fargo & Company upped their price objective on shares of eBay from $89.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b+)” rating on shares of eBay in a report on Thursday. Finally, Benchmark boosted their price target on shares of eBay from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nineteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $94.69.

Insiders Place Their Bets

In related news, SVP Mazen Rawashdeh sold 1,910 shares of the company’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 transaction, the senior vice president directly owned 3,824 shares of the company’s stock, valued at $341,521.44. This represents a 33.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total value of $2,878,769.70. Following the completion of the sale, the senior vice president directly owned 2,862 shares of the company’s stock, valued at approximately $233,367.48. This represents a 92.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 63,317 shares of company stock valued at $5,361,568 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

eBay Stock Down 0.7%

NASDAQ:EBAY opened at $83.85 on Friday. The company’s 50-day simple moving average is $90.18 and its 200-day simple moving average is $84.08. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The stock has a market capitalization of $37.90 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.39 and a beta of 1.29.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The company 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%. eBay’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. On average, equities analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. eBay’s dividend payout ratio (DPR) is presently 25.22%.

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.