eBay Inc. $EBAY Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in eBay Inc. (NASDAQ:EBAY) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,754 shares of the e-commerce company’s stock after selling 1,988 shares during the quarter. Amalgamated Bank’s holdings in eBay were worth $7,130,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Atria Investments Inc grew its position in shares of eBay by 2.2% in the second quarter. Atria Investments Inc now owns 78,021 shares of the e-commerce company’s stock valued at $5,809,000 after purchasing an additional 1,645 shares during the period. Savvy Advisors Inc. acquired a new stake in shares of eBay in the second quarter valued at about $263,000. Assetmark Inc. grew its position in shares of eBay by 52.0% in the second quarter. Assetmark Inc. now owns 165,229 shares of the e-commerce company’s stock valued at $12,303,000 after purchasing an additional 56,533 shares during the period. Spire Wealth Management grew its position in shares of eBay by 1,071.0% in the second quarter. Spire Wealth Management now owns 2,061 shares of the e-commerce company’s stock valued at $153,000 after purchasing an additional 1,885 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of eBay by 153.4% in the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock valued at $34,000 after purchasing an additional 273 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on shares of eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday. Needham & Company LLC boosted their price target on shares of eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities upgraded shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price target on the stock in a research report on Friday, October 24th. Weiss Ratings restated a “buy (b)” rating on shares of eBay in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group boosted their price target on shares of eBay from $72.00 to $78.00 and gave the stock a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $93.00.

Insider Activity

In other eBay news, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the transaction, the senior vice president directly owned 3,824 shares of the company’s stock, valued at $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $92.33, for a total transaction of $666,714.93. Following the completion of the sale, the chief executive officer directly owned 246,812 shares in the company, valued at $22,788,151.96. This trade represents a 2.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 96,743 shares of company stock valued at $8,979,844 over the last three months. 0.64% of the stock is currently owned by company insiders.

eBay Price Performance

Shares of EBAY stock opened at $81.31 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50-day moving average is $91.94 and its two-hundred day moving average is $82.75. eBay Inc. has a 12 month low of $56.33 and a 12 month high of $101.15. The company has a market capitalization of $37.16 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 2.39 and a beta of 1.31.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the firm earned $1.19 earnings per share. eBay’s quarterly revenue was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.4%. eBay’s payout ratio is 25.22%.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.