Procyon Advisors LLC Acquires 15,449 Shares of eBay Inc. $EBAY

Procyon Advisors LLC raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 100.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,789 shares of the e-commerce company’s stock after purchasing an additional 15,449 shares during the quarter. Procyon Advisors LLC’s holdings in eBay were worth $2,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Preservation Advisors LLC bought a new stake in shares of eBay during the first quarter worth $26,000. Orion Capital Management LLC bought a new stake in shares of eBay during the fourth quarter worth $27,000. Abound Financial LLC bought a new stake in shares of eBay during the first quarter worth $29,000. Pinney & Scofield Inc. bought a new stake in shares of eBay during the fourth quarter worth $31,000. Finally, Sierra Ocean LLC lifted its position in shares of eBay by 84.9% during the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company’s stock worth $36,000 after purchasing an additional 247 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Performance

EBAY opened at $88.85 on Wednesday. The firm’s 50-day moving average price is $89.19 and its 200-day moving average price is $76.69. The company has a market cap of $40.60 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 2.18 and a beta of 1.32. eBay Inc. has a 52-week low of $56.33 and a 52-week high of $101.15. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.eBay’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $0.29 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay’s dividend payout ratio is currently 25.55%.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $92.33, for a total value of $666,714.93. Following the sale, the chief executive officer owned 246,812 shares in the company, valued at $22,788,151.96. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. Insiders have sold a total of 151,204 shares of company stock worth $12,937,977 over the last quarter. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EBAY. Robert W. Baird lifted their price objective on eBay from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Wedbush restated a “neutral” rating and issued a $72.00 price objective on shares of eBay in a report on Wednesday, June 11th. Wells Fargo & Company lifted their price objective on eBay from $66.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Barclays restated an “overweight” rating and issued a $92.00 price objective (up from $77.00) on shares of eBay in a report on Thursday, July 31st. Finally, Cfra Research upgraded eBay to a “moderate buy” rating in a report on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, eBay has an average rating of “Hold” and a consensus price target of $78.89.

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.