Savvy Advisors Inc. Invests $263,000 in eBay Inc. $EBAY

Savvy Advisors Inc. bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,530 shares of the e-commerce company’s stock, valued at approximately $263,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. boosted its position in shares of eBay by 52.0% during the 2nd quarter. Assetmark Inc. now owns 165,229 shares of the e-commerce company’s stock valued at $12,303,000 after purchasing an additional 56,533 shares in the last quarter. Spire Wealth Management lifted its stake in eBay by 1,071.0% during the second quarter. Spire Wealth Management now owns 2,061 shares of the e-commerce company’s stock valued at $153,000 after purchasing an additional 1,885 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in eBay by 153.4% during the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock valued at $34,000 after purchasing an additional 273 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in eBay during the second quarter worth approximately $230,000. Finally, Daymark Wealth Partners LLC bought a new stake in eBay during the second quarter worth approximately $200,000. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Down 2.9%

NASDAQ:EBAY opened at $81.31 on Monday. The firm has a market capitalization of $37.16 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 2.39 and a beta of 1.31. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The business’s fifty day moving average price is $91.94 and its 200 day moving average price is $83.00.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.19 EPS. 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 forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given 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 yield of 1.4%. eBay’s payout ratio is presently 25.22%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 4,439 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the completion of the sale, the senior vice president owned 93,392 shares in the company, valued at $8,361,385.76. This represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,910 shares of eBay 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 directly owned 3,824 shares of the company’s stock, valued at $341,521.44. This trade represents a 33.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 20,791 shares of company stock worth $1,897,320. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on EBAY shares. JMP Securities raised eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price target on the stock in a report on Friday, October 24th. Mizuho began coverage on eBay in a report on Monday, September 29th. They issued a “neutral” rating and a $98.00 target price on the stock. Citigroup reaffirmed a “market outperform” rating on shares of eBay in a research report on Thursday. Cantor Fitzgerald lifted their price target on eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, President Capital upgraded eBay from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $74.00 to $103.00 in a report on Friday, September 19th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $93.74.

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.