Glenview Trust Co Invests $1.54 Million in eBay Inc. $EBAY

Glenview Trust Co acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 13,818 shares of the e-commerce company’s stock, valued at approximately $1,544,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. North Star Asset Management Inc. acquired a new position in eBay during the second quarter valued at approximately $207,000. Empowered Funds LLC acquired a new position in shares of eBay during the 2nd quarter worth approximately $16,967,000. United Capital Financial Advisors LLC acquired a new position in shares of eBay during the 2nd quarter worth approximately $2,117,000. Equitable Holdings Inc. bought a new stake in shares of eBay during the 2nd quarter worth approximately $508,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of eBay in the 2nd quarter valued at approximately $819,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citizens Jmp downgraded shares of eBay from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Benchmark increased their price target on shares of eBay from $115.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. UBS Group lifted their price objective on shares of eBay from $107.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald lowered their price objective on shares of eBay from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Wedbush raised their target price on shares of eBay from $135.00 to $137.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $117.24.

eBay Trading Up 3.3%

EBAY stock opened at $105.62 on Friday. 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’s 50-day simple moving average is $109.77 and its 200 day simple moving average is $102.87. eBay Inc. has a 52 week low of $78.03 and a 52 week high of $119.31. The company has a market capitalization of $47.00 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.37.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.10. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, sell-side analysts anticipate that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. eBay’s dividend payout ratio (DPR) is currently 25.67%.

Insider Activity

In related news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the sale, the senior vice president owned 35,546 shares of the company’s stock, valued at $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the sale, the chief executive officer directly owned 253,211 shares in the company, valued at approximately $27,486,054.05. This trade represents a 4.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 37,126 shares of company stock worth $4,087,886. Corporate insiders own 0.67% 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.