Wealth Enhancement Advisory Services LLC Acquires 31,001 Shares of eBay Inc. $EBAY

Wealth Enhancement Advisory Services LLC boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 256,031 shares of the e-commerce company’s stock after purchasing an additional 31,001 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in eBay were worth $28,875,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EBAY. Cedar Mountain Advisors LLC raised its stake in shares of eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 156 shares during the period. High Point Wealth Management LLC bought a new position in eBay during the fourth quarter valued at about $26,000. Abound Financial LLC bought a new position in eBay during the fourth quarter valued at about $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in eBay during the first quarter worth about $26,000. Finally, Jessup Wealth Management Inc bought a new stake in eBay in the fourth quarter worth about $27,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EBAY. Sanford C. Bernstein reiterated a “market perform” rating and issued a $115.00 target price on shares of eBay in a research note on Monday, August 3rd. Citizens Jmp cut shares of eBay from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded eBay from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. Mizuho set a $110.00 price objective on eBay in a report on Thursday, August 6th. Finally, Benchmark raised their target price on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Fourteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $117.00.

Insider Activity

In related news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the transaction, the chief executive officer directly owned 253,211 shares in the company, valued at approximately $27,486,054.05. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $115.61, for a total transaction of $116,766.10. Following the completion of the transaction, the senior vice president directly owned 32,146 shares in the company, valued at $3,716,399.06. The trade was a 3.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 87,122 shares of company stock worth $9,953,842 in the last three months. Corporate insiders own 0.67% of the company’s stock.

eBay Stock Down 3.5%

eBay stock opened at $102.31 on Thursday. The firm has a 50 day simple moving average of $110.88 and a 200 day simple moving average of $101.92. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $119.31. The firm has a market capitalization of $45.53 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.55 and a beta of 1.37.

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

eBay Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay’s payout ratio is currently 25.67%.

eBay 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.