CenterBook Partners LP grew its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 382.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,995 shares of the e-commerce company’s stock after purchasing an additional 36,455 shares during the period. CenterBook Partners LP’s holdings in eBay were worth $4,878,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of eBay during the second quarter valued at $4,406,897,000. Dimensional Fund Advisors LP grew its holdings in shares of eBay by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock worth $446,042,000 after purchasing an additional 80,450 shares during the last quarter. Legal & General Group Plc purchased a new position in eBay in the 2nd quarter worth about $506,653,000. Amundi increased its stake in eBay by 26.4% in the 2nd quarter. Amundi now owns 4,014,323 shares of the e-commerce company’s stock worth $448,601,000 after buying an additional 838,057 shares during the period. Finally, Bank of America Corp DE increased its stake in eBay by 0.8% in the 1st quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company’s stock worth $338,799,000 after buying an additional 30,761 shares during the period. 87.48% of the stock is currently owned by institutional investors.
eBay News Roundup
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Argus raised its price target to $138 from $133 and reiterated a Buy rating. The higher target signals increased analyst optimism about eBay’s prospects. eBay Stock Price Target Raised at Argus
- Positive Sentiment: Depop is lowering shipping rates and adding delivery features. The changes could make the platform more attractive and convenient for buyers and sellers, supporting engagement across eBay’s marketplace portfolio. eBay trims Depop shipping rates, bolsters delivery features
- Positive Sentiment: Nissan is opening an eBay Canada storefront for factory parts, with local dealers handling orders. The partnership adds branded inventory and expands eBay’s usefulness as a parts marketplace. Nissan becomes first automaker to sell factory parts on eBay Canada
- Neutral Sentiment: eBay is making livestream shopping a strategic growth bet. The format could create another way to engage shoppers, but its eventual contribution to revenue and profitability remains uncertain. Why eBay Is Turning Livestream Shopping Into Its Next Big Bet
eBay Stock Down 1.1%
NASDAQ:EBAY opened at $121.96 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.78. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $127.74. The company has a 50-day moving average of $112.55 and a 200 day moving average of $104.57. The firm has a market cap of $53.54 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.91 and a beta of 1.30.
eBay (NASDAQ:EBAY – Get Free Report) last posted its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. eBay had a net margin of 16.84% and a return on equity of 49.20%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the firm posted $1.36 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts anticipate that eBay Inc. will post 4.75 EPS for the current fiscal year.
eBay Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay’s dividend payout ratio (DPR) is presently 27.07%.
Insider Activity at eBay
In related news, SVP Jordan Sweetnam sold 1,014 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares of the company’s stock, valued at $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $107.08, for a total value of $1,189,658.80. Following the sale, the chief executive officer owned 226,269 shares of the company’s stock, valued at approximately $24,228,884.52. This represents a 4.68% 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. Over the last three months, insiders have sold 23,234 shares of company stock worth $2,429,577. 0.67% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Benchmark lifted their price objective on shares of eBay from $115.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Cantor Fitzgerald dropped their target price on shares of eBay from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Susquehanna raised their target price on shares of eBay from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Robert W. Baird set a $135.00 price target on shares of eBay in a research note on Thursday, October 29th. Finally, Needham & Company LLC boosted their price target on eBay from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $123.52.
Read Our Latest Stock Analysis on eBay
About eBay
eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.
Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.
eBay serves customers and businesses in markets around the world.
Recommended Stories
- Five stocks we like better than eBay
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Free Report).
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.
