Cibc World Market Inc. Makes New Investment in eBay Inc. $EBAY

Cibc World Market Inc. purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the second quarter, HoldingsChannel reports. The firm purchased 84,036 shares of the e-commerce company’s stock, valued at approximately $9,391,000.

A number of other hedge funds have also modified their holdings of the company. Spire Wealth Management increased its stake in eBay by 29.7% in the second quarter. Spire Wealth Management now owns 489 shares of the e-commerce company’s stock valued at $55,000 after purchasing an additional 112 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of eBay by 4.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company’s stock worth $312,000 after purchasing an additional 125 shares in the last quarter. Capital Asset Advisory Services LLC boosted its position in shares of eBay by 3.3% during the first quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company’s stock worth $367,000 after purchasing an additional 129 shares in the last quarter. Harfst & Associates Inc. grew its holdings in shares of eBay by 0.6% in the 4th quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company’s stock valued at $1,956,000 after buying an additional 131 shares during the period. Finally, Commerce Bank increased its position in shares of eBay by 0.5% in the 4th quarter. Commerce Bank now owns 28,313 shares of the e-commerce company’s stock valued at $2,466,000 after buying an additional 132 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of EBAY opened at $107.08 on Tuesday. The stock has a market capitalization of $47.65 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.51 and a beta of 1.37. The firm has a fifty day simple moving average of $110.08 and a 200 day simple moving average of $102.48. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. eBay’s quarterly revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Research analysts forecast that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, August 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. eBay’s payout ratio is currently 25.67%.

Analyst Ratings Changes

Several analysts recently commented on EBAY shares. Piper Sandler reaffirmed an “overweight” rating and set a $133.00 price objective (up from $115.00) on shares of eBay in a research note on Thursday, August 6th. Cantor Fitzgerald lowered their price target on eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Evercore set a $96.00 price objective on eBay in a report on Thursday, April 30th. Stifel Nicolaus set a $98.00 price objective on eBay in a research report on Thursday, April 30th. Finally, Arete Research lowered their target price on eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $117.24.

Insider Buying and Selling at eBay

In other news, SVP Mazen Rawashdeh sold 1,919 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the sale, the chief executive officer owned 253,211 shares of the company’s stock, valued at $27,486,054.05. This trade represents a 4.20% 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. Insiders have sold 37,126 shares of company stock worth $4,087,886 over the last 90 days. Company insiders own 0.67% of the company’s stock.

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.