Trust Co. of Vermont Acquires Shares of 15,514 eBay Inc. $EBAY

Trust Co. of Vermont bought a new stake in eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 15,514 shares of the e-commerce company’s stock, valued at approximately $1,734,000.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of eBay during the 2nd quarter worth about $282,479,000. Altshuler Shaham Ltd lifted its holdings in eBay by 4,452,655.3% during the 4th quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock valued at $182,282,000 after purchasing an additional 2,092,748 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in eBay by 214.6% in the fourth 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 buying an additional 1,267,601 shares in the last quarter. Pacer Advisors Inc. boosted its position in eBay by 3,248.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,256,975 shares of the e-commerce company’s stock valued at $109,483,000 after buying an additional 1,219,439 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in eBay by 47.5% during the fourth quarter. Allianz Asset Management GmbH now owns 3,626,424 shares of the e-commerce company’s stock worth $315,862,000 after buying an additional 1,167,019 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

Shares of eBay stock opened at $102.27 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $45.51 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.49 and a beta of 1.37. The firm has a 50 day simple moving average of $110.39 and a 200 day simple moving average of $102.15. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (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 return on equity of 47.88% and a net margin of 18.50%.The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Sell-side analysts predict that eBay Inc. will post 4.87 earnings per share for the current fiscal year.

eBay Dividend Announcement

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

Analyst Ratings Changes

EBAY has been the subject of several recent analyst reports. Robert W. Baird set a $126.00 price objective on shares of eBay in a report on Thursday, August 6th. The Goldman Sachs Group boosted their target price on eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. 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 report on Thursday, August 6th. Piper Sandler reaffirmed an “overweight” rating and set a $133.00 price target (up from $115.00) on shares of eBay in a report on Thursday, August 6th. Finally, President Capital lifted their price objective on eBay from $102.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Fourteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $117.09.

Insider Activity

In related news, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $109.59, for a total value of $1,217,544.90. Following the transaction, the chief executive officer owned 280,204 shares in the company, valued at $30,707,556.36. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of eBay stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the sale, the senior vice president owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. The trade was a 63.12% 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 86,112 shares of company stock valued at $9,837,076 over the last 90 days. 0.67% of the stock is 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.