Cookson Peirce & Co. Inc. Makes New $838,000 Investment in eBay Inc. $EBAY

Cookson Peirce & Co. Inc. acquired a new position in eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,501 shares of the e-commerce company’s stock, valued at approximately $838,000.

Other large investors have also recently made changes to their positions in the company. Spire Wealth Management grew its stake in shares of eBay by 29.7% during the 2nd 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 during the period. B. Riley Wealth Advisors Inc. raised its stake in 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 worth $312,000 after acquiring an additional 125 shares during the period. Capital Asset Advisory Services LLC lifted its holdings in eBay by 3.3% during the first quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company’s stock valued at $367,000 after purchasing an additional 129 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in eBay by 0.6% during the fourth quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company’s stock valued at $1,956,000 after purchasing an additional 131 shares in the last quarter. Finally, Commerce Bank boosted its position in shares of 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 purchasing an additional 132 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the sale, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 firm’s 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 completion of the sale, the senior vice president owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 37,126 shares of company stock valued at $4,087,886. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Susquehanna reissued a “neutral” rating on shares of eBay in a research note on Friday, August 7th. Barclays lifted their target price on shares of eBay from $114.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Argus upgraded eBay from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $124.00 price objective on eBay in a research report on Monday, May 4th. Finally, Wedbush upped their price objective on eBay from $135.00 to $137.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average price target of $117.24.

eBay Price Performance

Shares of NASDAQ EBAY opened at $105.62 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The firm’s 50-day moving average price is $109.77 and its 200-day moving average price is $102.98. The stock has a market capitalization of $47.00 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.56 and a beta of 1.37.

eBay (NASDAQ:EBAY) last released 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. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the business posted $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. On average, equities research analysts anticipate that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently announced 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 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 25.67%.

eBay 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.