Simon Quick Advisors LLC Grows Position in eBay Inc. $EBAY

Simon Quick Advisors LLC lifted its position in eBay Inc. (NASDAQ:EBAY) by 62.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,798 shares of the e-commerce company’s stock after acquiring an additional 1,840 shares during the quarter. Simon Quick Advisors LLC’s holdings in eBay were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Princeton Global Asset Management LLC lifted its stake in shares of eBay by 433.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 269 shares during the period. Wealth Preservation Advisors LLC acquired a new position in shares of eBay in the 1st quarter valued at $26,000. GFG Capital LLC acquired a new position in shares of eBay in the 2nd quarter valued at $28,000. Abound Financial LLC acquired a new position in shares of eBay in the 1st quarter valued at $29,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of eBay by 153.4% in the 2nd 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 period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Price Performance

Shares of NASDAQ EBAY opened at $81.31 on Monday. The firm has a 50-day simple moving average of $91.94 and a 200-day simple moving average of $83.00. The stock has a market capitalization of $37.16 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth 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 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. On average, equities analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a $0.29 dividend. 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 is currently 25.22%.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $91.76, for a total value of $662,598.96. Following the completion of the sale, the chief executive officer owned 250,223 shares of the company’s stock, valued at approximately $22,960,462.48. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 4,439 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $89.53, for a total transaction of $397,423.67. Following the completion of the sale, the senior vice president directly owned 93,392 shares of the company’s stock, valued at $8,361,385.76. This represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 20,791 shares of company stock valued at $1,897,320. 0.64% of the stock is owned by company insiders.

Analyst Ratings Changes

EBAY has been the subject of several analyst reports. Wall Street Zen cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Citigroup restated a “market outperform” rating on shares of eBay in a research report on Thursday. President Capital upgraded shares of eBay from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $74.00 to $103.00 in a research report on Friday, September 19th. Arete Research upgraded shares of eBay from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 7th. Finally, Stifel Nicolaus reduced their price objective on shares of eBay from $89.00 to $88.00 in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.