Thompson Investment Management Inc. Decreases Stock Position in eBay Inc. $EBAY

Thompson Investment Management Inc. trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 11.0% during the third quarter, Holdings Channel.com reports. The fund owned 120,121 shares of the e-commerce company’s stock after selling 14,899 shares during the period. eBay accounts for 1.5% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 15th largest holding. Thompson Investment Management Inc.’s holdings in eBay were worth $10,925,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in shares of eBay in the first quarter valued at approximately $54,000. Canada Pension Plan Investment Board lifted its stake in eBay by 2.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 463,748 shares of the e-commerce company’s stock valued at $31,410,000 after buying an additional 13,033 shares in the last quarter. Vident Advisory LLC lifted its stake in eBay by 57.1% in the 1st quarter. Vident Advisory LLC now owns 17,557 shares of the e-commerce company’s stock valued at $1,189,000 after buying an additional 6,380 shares in the last quarter. Alamea Verwaltungs GmbH acquired a new stake in eBay during the 1st quarter valued at $490,000. Finally, Maverick Capital Ltd. purchased a new position in eBay during the first quarter worth $3,248,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EBAY shares. Sanford C. Bernstein set a $90.00 price target on eBay in a report on Friday, October 31st. BMO Capital Markets lifted their price objective on eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. President Capital cut their target price on shares of eBay from $103.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Mizuho initiated coverage on shares of eBay in a research note on Monday, September 29th. They set a “neutral” rating and a $98.00 price target on the stock. Finally, Cantor Fitzgerald lifted their price target on shares of eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $94.41.

eBay Stock Up 0.7%

EBAY opened at $85.21 on Friday. eBay Inc. has a 12 month low of $58.71 and a 12 month high of $101.15. The business has a 50-day moving average of $85.34 and a two-hundred day moving average of $86.30. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $38.51 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35.

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

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, November 28th. eBay’s dividend payout ratio is presently 25.22%.

Insider Buying and Selling at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $82.67, for a total value of $71,509.55. Following the transaction, the senior vice president directly owned 4,733 shares of the company’s stock, valued at approximately $391,277.11. This trade represents a 15.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Mazen Rawashdeh sold 1,920 shares of eBay stock in a transaction 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 completion of the transaction, the senior vice president owned 5,746 shares in the company, valued at $470,597.40. The trade was a 25.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 60,896 shares of company stock worth $5,051,424. 0.64% of the stock is currently owned by company insiders.

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.