Russell Investments Group Ltd. Decreases Stock Holdings in eBay Inc. $EBAY

Russell Investments Group Ltd. lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 22.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,513,766 shares of the e-commerce company’s stock after selling 449,208 shares during the period. Russell Investments Group Ltd. owned about 0.33% of eBay worth $112,562,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Avantax Advisory Services Inc. raised its position in shares of eBay by 25.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 25,502 shares of the e-commerce company’s stock worth $1,727,000 after acquiring an additional 5,166 shares in the last quarter. Cetera Investment Advisers raised its holdings in eBay by 6.3% in the first quarter. Cetera Investment Advisers now owns 175,879 shares of the e-commerce company’s stock worth $11,912,000 after buying an additional 10,407 shares during the last quarter. HB Wealth Management LLC raised its holdings in eBay by 59.1% in the 1st quarter. HB Wealth Management LLC now owns 15,886 shares of the e-commerce company’s stock worth $1,076,000 after acquiring an additional 5,902 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of eBay by 12.1% during the first quarter. LPL Financial LLC now owns 357,684 shares of the e-commerce company’s stock valued at $24,226,000 after purchasing an additional 38,566 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in eBay by 3.0% during the 1st quarter. Mackenzie Financial Corp now owns 108,859 shares of the e-commerce company’s stock valued at $7,373,000 after acquiring an additional 3,194 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,006 shares of eBay stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $82.04, for a total value of $82,532.24. Following the transaction, the senior vice president owned 3,868 shares in the company, valued at $317,330.72. The trade was a 20.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 4,439 shares of eBay stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the completion of the transaction, the senior vice president directly owned 93,392 shares in the company, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 64,323 shares of company stock worth $5,444,100 in the last three months. 0.64% of the stock is owned by company insiders.

eBay Stock Down 0.4%

Shares of NASDAQ EBAY opened at $82.49 on Thursday. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15. The firm has a market capitalization of $37.29 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 2.39 and a beta of 1.29. The stock has a 50 day moving average price of $88.64 and a 200 day moving average price of $84.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00.

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

eBay Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on EBAY. Arete raised eBay from a “sell” rating to a “neutral” rating and set a $91.00 price target on the stock in a report on Thursday, August 7th. Cantor Fitzgerald raised their price objective on shares of eBay from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Benchmark boosted their price target on eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Bank of America boosted their price target on shares of eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Finally, Evercore ISI upped their price objective on eBay from $90.00 to $93.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $94.69.

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.