L2 Asset Management LLC Sells 13,830 Shares of eBay Inc. $EBAY

L2 Asset Management LLC cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 17.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,558 shares of the e-commerce company’s stock after selling 13,830 shares during the quarter. L2 Asset Management LLC’s holdings in eBay were worth $6,053,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Financial Consulate Inc. bought a new position in eBay in the 3rd quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. purchased a new stake in eBay during the 3rd quarter valued at approximately $28,000. JPL Wealth Management LLC bought a new stake in shares of eBay during the third quarter valued at approximately $28,000. Sumitomo Mitsui Financial Group Inc. lifted its holdings in shares of eBay by 155.3% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after buying an additional 250 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in shares of eBay in the third quarter worth $32,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of eBay in a research note on Monday, December 29th. Robert W. Baird boosted their price target on shares of eBay from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Truist Financial set a $94.00 price objective on shares of eBay and gave the company a “hold” rating in a report on Thursday, February 19th. Barclays cut their price objective on eBay from $105.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $115.00 target price on shares of eBay in a report on Wednesday, January 28th. Fourteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $97.97.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $91.41 on Tuesday. The firm has a fifty day simple moving average of $89.76 and a two-hundred day simple moving average of $88.44. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $40.95 billion, a P/E ratio of 21.01, a PEG ratio of 1.91 and a beta of 1.38.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, February 18th. The e-commerce company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.06. eBay had a net margin of 18.30% and a return on equity of 43.04%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the company earned $1.25 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. eBay has set its Q1 2026 guidance at 1.530-1.590 EPS. On average, analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. This is a boost from eBay’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, March 6th. eBay’s dividend payout ratio (DPR) is currently 28.51%.

Insider Activity

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,009 shares of eBay stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $79.87, for a total value of $80,588.83. Following the completion of the transaction, the senior vice president owned 5,743 shares in the company, valued at approximately $458,693.41. The trade was a 14.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mazen Rawashdeh sold 1,920 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total value of $157,248.00. Following the transaction, the senior vice president directly owned 5,746 shares in the company, valued at approximately $470,597.40. This represents a 25.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,697 shares of company stock valued at $3,760,124 in the last ninety days. Insiders own 0.64% of the company’s stock.

About eBay

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.