eBay Inc. $EBAY Stock Position Decreased by Mirova US LLC

Mirova US LLC cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,675,555 shares of the e-commerce company’s stock after selling 157,368 shares during the quarter. eBay makes up approximately 3.4% of Mirova US LLC’s holdings, making the stock its 10th biggest position. Mirova US LLC’s holdings in eBay were worth $334,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its holdings in eBay by 2.9% during the first quarter. Canada Pension Plan Investment Board now owns 463,748 shares of the e-commerce company’s stock valued at $31,410,000 after purchasing an additional 13,033 shares in the last quarter. Vident Advisory LLC increased its stake in shares of eBay by 57.1% in the first quarter. Vident Advisory LLC now owns 17,557 shares of the e-commerce company’s stock worth $1,189,000 after purchasing an additional 6,380 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of eBay during the 1st quarter valued at $3,248,000. Adage Capital Partners GP L.L.C. lifted its stake in shares of eBay by 6.3% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 387,200 shares of the e-commerce company’s stock valued at $26,225,000 after buying an additional 22,950 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of eBay by 9.0% during the 1st quarter. Advisors Asset Management Inc. now owns 19,999 shares of the e-commerce company’s stock valued at $1,355,000 after buying an additional 1,647 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

Shares of eBay stock opened at $87.74 on Tuesday. The firm has a market cap of $39.66 billion, a PE ratio of 19.07, a PEG ratio of 2.15 and a beta of 1.35. The stock has a 50 day moving average of $85.18 and a 200 day moving average of $86.43. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a 12 month low of $58.71 and a 12 month high of $101.15.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a return on equity of 41.94% and a net margin of 20.37%.The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the firm earned $1.19 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. On average, research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $0.29 per share. The ex-dividend date was Friday, November 28th. This represents a $1.16 annualized dividend and a yield of 1.3%. eBay’s dividend payout ratio (DPR) is 25.22%.

Insiders Place Their Bets

In other eBay news, SVP Mazen Rawashdeh sold 1,920 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total transaction of $157,248.00. Following the transaction, the senior vice president owned 5,746 shares in the company, valued at $470,597.40. The trade was a 25.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the transaction, the senior vice president owned 2,862 shares in the company, valued at $233,367.48. The trade was a 92.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 60,896 shares of company stock worth $5,051,424. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EBAY. Piper Sandler cut their price target on eBay from $102.00 to $98.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. BNP Paribas Exane assumed coverage on eBay in a research report on Monday, November 24th. They set a “neutral” rating for the company. Stifel Nicolaus decreased their target price on eBay from $89.00 to $88.00 in a research note on Thursday, October 30th. Barclays boosted their price target on eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of eBay in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $94.41.

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.