Empowered Funds LLC Takes $16.97 Million Position in eBay Inc. $EBAY

Empowered Funds LLC bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the second quarter, Holdings Channel.com reports. The firm bought 151,834 shares of the e-commerce company’s stock, valued at approximately $16,967,000.

Several other large investors also recently made changes to their positions in the company. Compass Financial Management LLC bought a new stake in eBay during the 2nd quarter valued at $28,000. Cedar Mountain Advisors LLC grew its stake in shares of eBay by 128.9% in the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 156 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of eBay in the first quarter worth $26,000. Abound Financial LLC acquired a new position in shares of eBay during the fourth quarter valued at $26,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of eBay during the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EBAY. Truist Financial upped their price target on shares of eBay from $105.00 to $115.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. BNP Paribas Exane boosted their price objective on eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Robert W. Baird set a $126.00 target price on eBay in a research note on Thursday, August 6th. Citigroup lifted their target price on eBay from $127.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, UBS Group upped their price target on shares of eBay from $107.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $117.24.

Insider Buying and Selling at eBay

In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total transaction of $208,230.69. Following the sale, the senior vice president directly owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. The trade was a 2.77% decrease in their position. 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 have sold 37,126 shares of company stock worth $4,087,886 over the last three months. Company insiders own 0.67% of the company’s stock.

eBay Stock Up 3.3%

EBAY stock opened at $105.62 on Friday. The company has a 50 day moving average of $109.77 and a two-hundred day moving average of $102.87. The company has a market cap of $47.00 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.48 and a beta of 1.37. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10.

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

eBay Dividend Announcement

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

eBay Company Profile

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.