Texas Capital Bank Wealth Management Services Inc Makes New $8.10 Million Investment in eBay Inc. $EBAY

Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) in the second quarter, HoldingsChannel reports. The fund purchased 72,483 shares of the e-commerce company’s stock, valued at approximately $8,100,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of eBay during the second quarter valued at approximately $4,406,897,000. Bank of New York Mellon Corp acquired a new stake in eBay during the second quarter worth approximately $282,479,000. Altshuler Shaham Ltd grew its stake in eBay by 4,452,655.3% in the 4th quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock worth $182,282,000 after acquiring an additional 2,092,748 shares during the period. Deutsche Bank AG purchased a new stake in eBay in the 2nd quarter worth approximately $222,680,000. Finally, Alyeska Investment Group L.P. raised its holdings in eBay by 214.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company’s stock valued at $161,865,000 after acquiring an additional 1,267,601 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on EBAY. Needham & Company LLC increased their price target on eBay from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Bank of America lifted their price objective on eBay from $102.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. BNP Paribas Exane upped their target price on eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Rothschild & Co Redburn increased their target price on eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Evercore set a $96.00 target price on eBay in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $117.09.

eBay Trading Down 2.1%

Shares of EBAY opened at $100.94 on Tuesday. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $119.31. The firm has a market capitalization of $44.92 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.49 and a beta of 1.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. The stock’s fifty day simple moving average is $110.51 and its 200 day simple moving average is $102.10.

eBay (NASDAQ:EBAY) last announced its quarterly 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 company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities research analysts forecast that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay’s payout ratio is 25.67%.

Insider Buying and Selling at eBay

In related news, SVP Mazen Rawashdeh sold 50,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the completion of the sale, the senior vice president directly owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. This represents a 63.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Thursday, June 4th. The shares were sold at an average price of $109.59, for a total value of $1,217,544.90. Following the completion of the sale, the chief executive officer owned 280,204 shares of the company’s stock, valued at approximately $30,707,556.36. This represents a 3.81% 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 have sold a total of 86,112 shares of company stock valued at $9,837,076 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

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.