Mirae Asset Global Investments Co. Ltd. Purchases 140,240 Shares of eBay Inc. $EBAY

Mirae Asset Global Investments Co. Ltd. bought a new position in eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 140,240 shares of the e-commerce company’s stock, valued at approximately $14,872,000.

Several other large investors have also bought and sold shares of EBAY. Rakuten Investment Management Inc. purchased a new stake in shares of eBay in the 2nd quarter worth $7,929,000. Lombard Odier Asset Management Europe Ltd purchased a new position in eBay during the second quarter valued at $23,393,000. Marvin & Palmer Associates Inc. purchased a new position in eBay during the second quarter valued at $3,989,000. Empowered Funds LLC bought a new stake in eBay during the second quarter valued at about $16,967,000. Finally, Glenview Trust Co bought a new stake in eBay during the second quarter valued at about $1,544,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $107.08, for a total value of $1,189,658.80. Following the completion of the transaction, the chief executive officer directly owned 226,269 shares of the company’s stock, valued at approximately $24,228,884.52. This represents a 4.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president owned 35,546 shares in the company, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 23,234 shares of company stock valued at $2,429,577. Company insiders own 0.67% of the company’s stock.

eBay News Summary

Here are the key news stories impacting eBay this week:

• Positive Sentiment: eBay’s Q3 results beat expectations, with adjusted EPS of $1.51 versus $1.41 expected and revenue of $3.21 billion versus $3.12 billion expected. Revenue rose 13.7% year over year, while coverage pointed to broad-based growth and AI investments supporting marketplace momentum. Q3 analysis
• Positive Sentiment: Two reports said eBay’s price targets were raised, including one to $145 and another to $125, offering a favorable analyst signal. Price target raised to $145 Price target raised to $125
• Neutral Sentiment: eBay’s “Most Wanted” and muscle-car features promote collectible vehicle listings and could draw interest to the marketplace, but the articles provide no indication of a material financial contribution. Most Wanted cars
• Neutral Sentiment: A $59.7 million AI supercomputer comprising 300 server racks was reportedly sold through eBay. This appears to be a marketplace transaction, not a sale by eBay itself, and is unlikely to be material to the company’s financial results. AI supercomputer listing
• Negative Sentiment: Jefferies warned that take-rate pressure and slower advertising growth could weigh on monetization, tempering the positive Q3 growth story. Jefferies warning

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wedbush upped their target price on shares of eBay from $137.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Weiss Ratings cut eBay from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, October 28th. Mizuho set a $120.00 price target on eBay in a report on Thursday, October 29th. BTIG Research began coverage on eBay in a research report on Thursday, October 29th. They issued a “buy” rating on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price objective on shares of eBay in a research note on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $123.36.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $118.62 on Wednesday. The firm’s 50 day simple moving average is $111.39 and its 200-day simple moving average is $104.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 0.78. eBay Inc. has a one year low of $78.03 and a one year high of $124.59. The firm has a market cap of $52.07 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 2.89 and a beta of 1.30.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.12 billion. eBay had a return on equity of 49.20% and a net margin of 16.84%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $1.36 EPS. As a group, equities analysts predict that eBay Inc. will post 4.75 EPS for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. eBay’s dividend payout ratio (DPR) is presently 27.07%.

eBay Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.