SteelPeak Wealth LLC Purchases 8,764 Shares of eBay Inc. $EBAY

SteelPeak Wealth LLC increased its holdings in eBay Inc. (NASDAQ:EBAY) by 27.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,971 shares of the e-commerce company’s stock after acquiring an additional 8,764 shares during the quarter. SteelPeak Wealth LLC’s holdings in eBay were worth $3,729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its position in eBay by 4.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,931,042 shares of the e-commerce company’s stock valued at $255,294,000 after acquiring an additional 113,553 shares in the last quarter. Allworth Financial LP raised its position in shares of eBay by 62.6% in the 4th quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock worth $2,013,000 after acquiring an additional 8,899 shares in the last quarter. North Dakota State Investment Board purchased a new stake in shares of eBay during the 4th quarter worth $1,809,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of eBay during the 4th quarter worth $9,368,000. Finally, Jefferies Financial Group Inc. bought a new stake in eBay during the fourth quarter valued at about $1,209,000. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Down 1.6%

Shares of eBay stock opened at $110.91 on Friday. The firm’s 50 day simple moving average is $111.51 and its two-hundred day simple moving average is $99.26. The firm has a market capitalization of $49.24 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.49 and a beta of 1.37. eBay Inc. has a 12-month low of $75.78 and a 12-month high of $119.31. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 earnings per share. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. Analysts predict that eBay Inc. will post 4.87 EPS for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 29th. eBay’s payout ratio is presently 28.12%.

Insider Buying and Selling at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $109.17, for a total value of $94,213.71. Following the transaction, the senior vice president directly owned 34,533 shares of the company’s stock, valued at approximately $3,769,967.61. This represents a 2.44% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the transaction, the senior vice president owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. The trade was a 5.64% 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 76,012 shares of company stock worth $8,747,852. 0.67% of the stock is currently owned by insiders.

Key eBay News

Here are the key news stories impacting eBay this week:

• Positive Sentiment: UK regulators cleared eBay’s planned $1.2 billion acquisition of Depop, removing a key hurdle and making the deal more likely to close. UK watchdog clears eBay’s planned acquisition of Depop from Etsy
• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $135 price target, signaling confidence in upside from current levels.
• Positive Sentiment: Jefferies issued a positive forecast for eBay’s stock, adding to the bullish analyst tone. Jefferies Financial Group Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus set a $98.00 target price on shares of eBay in a report on Thursday, April 30th. Evercore set a $96.00 price target on shares of eBay in a report on Thursday, April 30th. Sanford C. Bernstein lifted their price objective on shares of eBay from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, UBS Group increased their target price on shares of eBay from $96.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.52.

eBay Company 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.