Northstar Advisory Group LLC Sells 10,119 Shares of eBay Inc. $EBAY

Northstar Advisory Group LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 30.3% in the second quarter, Holdings Channel.com reports. The firm owned 23,254 shares of the e-commerce company’s stock after selling 10,119 shares during the period. eBay comprises approximately 0.8% of Northstar Advisory Group LLC’s investment portfolio, making the stock its 29th biggest holding. Northstar Advisory Group LLC’s holdings in eBay were worth $2,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd raised its stake in shares of eBay by 4,452,655.3% in the fourth quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock worth $182,282,000 after purchasing an additional 2,092,748 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of eBay by 214.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company’s stock valued at $161,865,000 after buying an additional 1,267,601 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of eBay by 3,248.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,256,975 shares of the e-commerce company’s stock valued at $109,483,000 after buying an additional 1,219,439 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in eBay by 47.5% during the fourth quarter. Allianz Asset Management GmbH now owns 3,626,424 shares of the e-commerce company’s stock worth $315,862,000 after buying an additional 1,167,019 shares in the last quarter. Finally, Norges Bank bought a new stake in eBay during the fourth quarter worth $98,728,000. 87.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Susquehanna restated a “neutral” rating on shares of eBay in a research note on Friday, August 7th. Needham & Company LLC upped their target price on shares of eBay from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Citigroup reiterated an “outperform” rating on shares of eBay in a report on Tuesday, July 14th. Mizuho set a $110.00 price target on shares of eBay in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $115.00 price target on shares of eBay in a report on Monday, August 3rd. Fourteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $117.00.

Insider Buying and Selling

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of eBay stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $109.17, for a total transaction of $94,213.71. Following the completion of the transaction, the senior vice president owned 34,533 shares of the company’s stock, valued at $3,769,967.61. The trade was a 2.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the sale, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 87,122 shares of company stock valued at $9,953,842. Corporate insiders own 0.67% of the company’s stock.

eBay Price Performance

EBAY opened at $102.31 on Thursday. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $119.31. The company has a market capitalization of $45.53 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.55 and a beta of 1.37. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average price of $110.88 and a 200-day moving average price of $101.92.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts expect that eBay Inc. will post 4.89 EPS for the current year.

eBay Announces Dividend

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

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.