Hartford Investment Management Co. Decreases Stock Holdings in eBay Inc. $EBAY

Hartford Investment Management Co. decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,867 shares of the e-commerce company’s stock after selling 1,412 shares during the quarter. Hartford Investment Management Co.’s holdings in eBay were worth $2,075,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Independent Franchise Partners LLP raised its stake in shares of eBay by 4.6% in the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock valued at $791,714,000 after acquiring an additional 510,629 shares during the period. Invesco Ltd. raised its stake in shares of eBay by 8.0% in the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock valued at $571,736,000 after acquiring an additional 627,823 shares during the period. Northern Trust Corp raised its stake in shares of eBay by 4.4% in the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock valued at $481,525,000 after acquiring an additional 300,216 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of eBay by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock valued at $417,021,000 after acquiring an additional 322,910 shares during the period. Finally, Impax Asset Management Group plc raised its stake in shares of eBay by 2,536.5% in the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company’s stock valued at $239,037,000 after acquiring an additional 3,401,198 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EBAY. Argus reissued a “hold” rating on shares of eBay in a research note on Thursday, August 14th. Needham & Company LLC increased their target price on shares of eBay from $78.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Arete Research raised shares of eBay from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 7th. Benchmark raised their price target on shares of eBay from $78.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus raised their price target on shares of eBay from $62.00 to $68.00 and gave the stock a “hold” rating in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $79.75.

eBay Stock Down 2.1%

Shares of eBay stock opened at $91.14 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. eBay Inc. has a 1 year low of $56.33 and a 1 year high of $101.15. The firm’s 50-day moving average is $91.44 and its two-hundred day moving average is $78.04. The stock has a market cap of $41.65 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.20 and a beta of 1.32.

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

eBay Dividend Announcement

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

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 4,439 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the sale, the senior vice president directly owned 93,392 shares in the company, valued at approximately $8,361,385.76. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 75,952 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the sale, the senior vice president owned 53,107 shares in the company, valued at $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,553 shares of company stock worth $13,505,983. Insiders own 0.64% of the company’s stock.

eBay Company Profile

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.