QRG Capital Management Inc. Has $16.96 Million Stock Position in eBay Inc. $EBAY

QRG Capital Management Inc. lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 2.9% during the first quarter, Holdings Channel.com reports. The firm owned 186,344 shares of the e-commerce company’s stock after acquiring an additional 5,304 shares during the period. QRG Capital Management Inc.’s holdings in eBay were worth $16,961,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EBAY. High Point Wealth Management LLC bought a new stake in eBay in the 4th quarter valued at about $26,000. Abound Financial LLC bought a new position in eBay in the fourth quarter worth approximately $26,000. Jessup Wealth Management Inc acquired a new stake in eBay in the fourth quarter valued at approximately $27,000. Beacon Financial Strategies CORP bought a new stake in shares of eBay during the fourth quarter valued at approximately $28,000. Finally, JFS Wealth Advisors LLC increased its holdings in shares of eBay by 57.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 116 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of eBay stock opened at $114.84 on Friday. eBay Inc. has a 52 week low of $75.12 and a 52 week high of $119.31. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average price of $109.50 and a 200-day moving average price of $97.23. The company has a market cap of $50.99 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.53 and a beta of 1.37.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. eBay had a return on equity of 46.11% and a net margin of 17.58%.The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. eBay’s quarterly revenue was up 19.5% on a year-over-year basis. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. Equities analysts anticipate that eBay Inc. will post 4.87 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. eBay’s payout ratio is currently 28.12%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EBAY. Arete Research cut their target price on eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Cantor Fitzgerald boosted their price target on shares of eBay from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley upped their price objective on shares of eBay to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $115.00 price objective (up from $105.00) on shares of eBay in a research note on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of eBay in a research note on Friday, June 12th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $108.61.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the sale, the senior vice president owned 34,533 shares in the company, valued at $3,769,967.61. This represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the firm’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 transaction, the senior vice president directly owned 32,124 shares in the company, valued at $3,485,775.24. The trade was a 5.64% 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 a total of 98,015 shares of company stock worth $10,749,186 in the last quarter. 0.67% of the stock is currently owned by corporate 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.