Wealthfront Advisers LLC Acquires Shares of 78,355 eBay Inc. $EBAY

Wealthfront Advisers LLC bought a new position in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 78,355 shares of the e-commerce company’s stock, valued at approximately $8,756,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. M. Kulyk & Associates LLC purchased a new stake in shares of eBay during the second quarter valued at $269,000. RHS Financial LLC purchased a new position in eBay in the 2nd quarter worth about $647,000. JLB & Associates Inc. purchased a new position in eBay in the 2nd quarter worth about $2,086,000. Meeder Advisory Services Inc. bought a new stake in eBay during the 2nd quarter valued at about $1,722,000. Finally, Citizens Financial Group Inc. RI bought a new stake in eBay during the 2nd quarter valued at about $2,850,000. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $109.59, for a total value of $1,217,544.90. Following the transaction, the chief executive officer directly owned 280,204 shares in the company, valued at approximately $30,707,556.36. This trade represents a 3.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the transaction, the senior vice president directly owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. The trade was a 63.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 86,112 shares of company stock valued at $9,837,076 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

eBay Trading Up 0.4%

NASDAQ EBAY opened at $102.64 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $45.67 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.37. The company’s 50-day simple moving average is $110.31 and its two-hundred day simple moving average is $102.20. eBay Inc. has a one year low of $78.03 and a one year high of $119.31.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the business posted $1.37 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts forecast that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. eBay’s payout ratio is 25.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Susquehanna reissued a “neutral” rating on shares of eBay in a research report on Friday, August 7th. Robert W. Baird set a $126.00 target price on shares of eBay in a research report on Thursday, August 6th. Barclays lifted their price target on shares of eBay from $114.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on eBay from $87.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, UBS Group increased their price objective on eBay from $107.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Fourteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $117.09.

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.