Great Lakes Advisors LLC Purchases New Shares in eBay Inc. $EBAY

Great Lakes Advisors LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 12,636 shares of the e-commerce company’s stock, valued at approximately $1,412,000.

Other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management grew its holdings in shares of eBay by 29.7% in the second quarter. Spire Wealth Management now owns 489 shares of the e-commerce company’s stock valued at $55,000 after acquiring an additional 112 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of eBay by 4.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company’s stock valued at $312,000 after purchasing an additional 125 shares during the last quarter. Capital Asset Advisory Services LLC raised its stake in shares of eBay by 3.3% during the 1st quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company’s stock worth $367,000 after purchasing an additional 129 shares during the period. Harfst & Associates Inc. raised its stake in shares of eBay by 0.6% during the 4th quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company’s stock worth $1,956,000 after purchasing an additional 131 shares during the period. Finally, Commerce Bank raised its position in eBay by 0.5% in the fourth quarter. Commerce Bank now owns 28,313 shares of the e-commerce company’s stock worth $2,466,000 after acquiring an additional 132 shares during the period. 87.48% of the stock is owned by institutional investors.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of eBay stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the sale, the senior vice president directly owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the sale, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at approximately $27,486,054.05. This trade represents a 4.20% 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 valued at $4,087,886 in the last quarter. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citizens Jmp downgraded eBay from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. Rosenblatt Securities started coverage on eBay in a research note on Thursday. They set a “buy” rating and a $120.00 price target for the company. Evercore set a $96.00 price objective on eBay in a report on Thursday, April 30th. Needham & Company LLC boosted their price objective on eBay from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Benchmark increased their price objective on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $117.24.

eBay Stock Down 0.5%

EBAY opened at $104.13 on Friday. The company has a fifty day moving average price of $110.12 and a 200-day moving average price of $102.31. The firm has a market capitalization of $46.34 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 2.53 and a beta of 1.37. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. eBay Inc. has a one year low of $78.03 and a one year high of $119.31.

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. eBay had a return on equity of 47.88% and a net margin of 18.50%.The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities research analysts expect that eBay Inc. will post 4.87 earnings per share for the current fiscal year.

eBay Announces Dividend

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

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.