Wakefield Asset Management LLLP Boosts Holdings in eBay Inc. $EBAY

Wakefield Asset Management LLLP increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 162.0% in the second quarter, Holdings Channel.com reports. The fund owned 53,996 shares of the e-commerce company’s stock after purchasing an additional 33,384 shares during the period. eBay comprises about 1.1% of Wakefield Asset Management LLLP’s holdings, making the stock its 19th biggest position. Wakefield Asset Management LLLP’s holdings in eBay were worth $4,021,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EBAY. Welch & Forbes LLC increased its stake in eBay by 7.4% in the 2nd quarter. Welch & Forbes LLC now owns 5,374 shares of the e-commerce company’s stock worth $400,000 after acquiring an additional 368 shares during the last quarter. Kesler Norman & Wride LLC bought a new position in shares of eBay during the 2nd quarter valued at approximately $663,000. Lifeworks Advisors LLC raised its holdings in eBay by 1.1% during the 2nd quarter. Lifeworks Advisors LLC now owns 51,302 shares of the e-commerce company’s stock valued at $3,820,000 after buying an additional 557 shares during the period. Terril Brothers Inc. bought a new stake in eBay in the second quarter worth $296,000. Finally, Simon Quick Advisors LLC lifted its holdings in shares of eBay by 62.2% in the 2nd quarter. Simon Quick Advisors LLC now owns 4,798 shares of the e-commerce company’s stock worth $357,000 after acquiring an additional 1,840 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Mazen Rawashdeh sold 1,910 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the sale, the senior vice president owned 3,824 shares in the company, valued at approximately $341,521.44. This trade represents a 33.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 value of $7,082,524.00. Following the sale, the senior vice president owned 53,107 shares in the company, valued at $4,952,227.75. This trade represents a 58.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 96,743 shares of company stock valued at $8,979,844. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of recent analyst reports. Wedbush boosted their price objective on eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday. Cowen restated a “hold” rating on shares of eBay in a research note on Monday, October 20th. TD Cowen upped their price objective on shares of eBay from $80.00 to $84.00 and gave the stock a “hold” rating in a research note on Monday, October 20th. Argus reaffirmed a “hold” rating on shares of eBay in a research report on Thursday, August 14th. Finally, Stifel Nicolaus decreased their price target on shares of eBay from $89.00 to $88.00 in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $93.74.

eBay Price Performance

Shares of NASDAQ EBAY opened at $81.31 on Friday. The business’s 50 day moving average price is $91.94 and its 200 day moving average price is $82.87. The firm has a market cap of $37.16 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.39 and a beta of 1.31. 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 Inc. has a 52 week low of $56.33 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.45%. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the company posted $1.19 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. On average, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. eBay’s dividend payout ratio (DPR) is presently 25.22%.

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.