Mediolanum International Funds Ltd grew its position in eBay Inc. (NASDAQ:EBAY – Free Report) by 53.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,760 shares of the e-commerce company’s stock after buying an additional 6,556 shares during the quarter. Mediolanum International Funds Ltd’s holdings in eBay were worth $1,651,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its position in shares of eBay by 128.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after buying an additional 156 shares in the last quarter. High Point Wealth Management LLC purchased a new position in eBay during the 4th quarter valued at about $26,000. Abound Financial LLC purchased a new position in eBay during the 4th quarter valued at about $26,000. Jessup Wealth Management Inc acquired a new position in eBay during the fourth quarter worth about $27,000. Finally, Beacon Financial Strategies CORP acquired a new position in eBay during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Price Performance
eBay stock opened at $113.04 on Wednesday. eBay Inc. has a 12-month low of $77.12 and a 12-month high of $119.31. The stock has a market capitalization of $50.19 billion, a P/E ratio of 25.63, a P/E/G ratio of 2.52 and a beta of 1.37. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s 50-day moving average is $111.77 and its two-hundred day moving average is $99.81.
eBay Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay’s payout ratio is 28.12%.
More eBay News
Here are the key news stories impacting eBay this week:
- Positive Sentiment: GameStop raised its eBay stake to nearly 10% (about 43.4 million shares), showing strong conviction and increasing the odds of continued strategic pressure on eBay. Article Title
- Positive Sentiment: Some investors may view the rejected bid and renewed buying as a sign that eBay’s shares could attract further takeover or activist interest, potentially supporting the stock. Article Title
- Neutral Sentiment: Multiple reports confirm the same core development: Ryan Cohen and GameStop expanded their eBay position after eBay’s board rejected a roughly $55.5 billion offer at $125 per share as “neither credible nor attractive.” The details reinforce the takeover narrative, but do not add new business fundamentals. Article Title
- Neutral Sentiment: Commentary framing the situation as an activist campaign rather than a straightforward acquisition suggests the story may create volatility, but the ultimate impact on eBay remains uncertain. Article Title
- Negative Sentiment: eBay’s board rejection of the offer signals management is not receptive to the current proposal, which reduces the chance of an immediate deal and may disappoint takeover traders. Article Title
Analyst Upgrades and Downgrades
Several research firms have recently commented on EBAY. Needham & Company LLC reiterated a “buy” rating and issued a $122.00 price target on shares of eBay in a research report on Thursday, April 30th. Truist Financial lifted their price objective on eBay from $94.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Morgan Stanley upped their target price on eBay to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Stifel Nicolaus set a $98.00 target price on eBay in a report on Thursday, April 30th. Finally, Rothschild & Co Redburn raised their price target on eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $110.52.
View Our Latest Stock Analysis on EBAY
Insiders Place Their Bets
In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $115.61, for a total transaction of $116,766.10. Following the transaction, the senior vice president directly owned 32,146 shares of the company’s stock, valued at approximately $3,716,399.06. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the completion of the transaction, the senior vice president owned 29,217 shares of the company’s stock, valued at $3,419,557.68. This trade represents a 63.12% decrease in their ownership of the stock. 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. Insiders sold a total of 76,012 shares of company stock worth $8,747,852 in the last 90 days. 0.67% of the stock is owned by company insiders.
eBay Company Profile
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.
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