QRG Capital Management Inc. Buys 19,570 Shares of eBay Inc. $EBAY

QRG Capital Management Inc. boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 10.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 205,914 shares of the e-commerce company’s stock after buying an additional 19,570 shares during the period. QRG Capital Management Inc.’s holdings in eBay were worth $23,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EBAY. Cedar Mountain Advisors LLC grew its position in shares of eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 156 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of eBay in the first quarter worth about $26,000. Abound Financial LLC purchased a new stake in shares of eBay in the fourth quarter worth about $26,000. High Point Wealth Management LLC purchased a new stake in shares of eBay in the fourth quarter worth about $26,000. Finally, Jessup Wealth Management Inc bought a new position in eBay during the fourth quarter valued at approximately $27,000. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Down 3.5%

Shares of NASDAQ EBAY opened at $102.31 on Thursday. The business’s 50 day moving average is $110.88 and its two-hundred day moving average is $101.92. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $119.31. The stock has a market capitalization of $45.53 billion, a P/E ratio of 21.18, a PEG ratio of 2.55 and a beta of 1.37.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.10. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, research analysts expect that eBay Inc. will post 4.89 EPS for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a $0.31 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. eBay’s dividend payout ratio (DPR) is currently 25.67%.

Insider Buying and Selling

In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the transaction, the senior vice president directly owned 32,124 shares of the company’s stock, valued at $3,485,775.24. The trade was a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the transaction, the chief executive officer owned 253,211 shares in the company, valued at $27,486,054.05. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 87,122 shares of company stock worth $9,953,842 over the last three months. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EBAY shares. Deutsche Bank Aktiengesellschaft set a $124.00 price target on eBay in a report on Monday, May 4th. Sanford C. Bernstein reiterated a “market perform” rating and set a $115.00 target price on shares of eBay in a research report on Monday, August 3rd. Wells Fargo & Company lowered shares of eBay from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $105.00 to $92.00 in a report on Monday, August 3rd. Evercore set a $96.00 price target on shares of eBay in a research report on Thursday, April 30th. Finally, Barclays upped their price target 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. Fourteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus price target of $117.00.

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.