eBay Inc. $EBAY Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 57.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 169,659 shares of the e-commerce company’s stock after selling 231,417 shares during the quarter. QRG Capital Management Inc.’s holdings in eBay were worth $15,430,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Miracle Mile Advisors LLC grew its holdings in eBay by 0.4% during the third quarter. Miracle Mile Advisors LLC now owns 29,151 shares of the e-commerce company’s stock worth $2,651,000 after acquiring an additional 118 shares during the period. Garrett Wealth Advisory Group LLC boosted its position in eBay by 3.8% in the 2nd quarter. Garrett Wealth Advisory Group LLC now owns 3,278 shares of the e-commerce company’s stock worth $244,000 after purchasing an additional 119 shares in the last quarter. Groupe la Francaise grew its stake in shares of eBay by 8.2% during the 2nd quarter. Groupe la Francaise now owns 1,621 shares of the e-commerce company’s stock worth $121,000 after purchasing an additional 123 shares during the period. Hemington Wealth Management increased its holdings in shares of eBay by 7.7% during the 2nd quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock valued at $129,000 after purchasing an additional 124 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of eBay by 9.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock valued at $124,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the completion of the transaction, the senior vice president directly owned 2,862 shares in the company, valued at $233,367.48. This trade represents a 92.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Julie A. Loeger sold 2,896 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $82.44, for a total transaction of $238,746.24. Following the sale, the senior vice president owned 55,990 shares in the company, valued at $4,615,815.60. This trade represents a 4.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 53,675 shares of company stock valued at $4,388,825. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on EBAY. Wall Street Zen raised shares of eBay from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Barclays raised their price objective on eBay from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. The Goldman Sachs Group reduced their price objective on shares of eBay from $78.00 to $77.00 and set a “sell” rating for the company in a research report on Wednesday. Morgan Stanley upped their price target on eBay from $102.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their price objective on eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $95.52.

eBay Price Performance

NASDAQ:EBAY opened at $93.03 on Friday. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The stock’s fifty day moving average is $85.54 and its two-hundred day moving average is $87.73. The company has a market capitalization of $42.05 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.24 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. eBay had a return on equity of 41.94% and a net margin of 20.37%.The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. Equities analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, November 28th. eBay’s dividend payout ratio is 25.22%.

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.