Wellington Management Group LLP Buys 96,376 Shares of eBay Inc. $EBAY

Wellington Management Group LLP grew its stake in eBay Inc. (NASDAQ:EBAY) by 59.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258,393 shares of the e-commerce company’s stock after acquiring an additional 96,376 shares during the quarter. Wellington Management Group LLP owned about 0.06% of eBay worth $28,875,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC grew its stake in eBay by 128.9% in 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 during the last quarter. Abound Financial LLC bought a new stake in shares of eBay in the 4th quarter valued at about $26,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of eBay in the 1st quarter valued at about $26,000. Jessup Wealth Management Inc purchased a new position in shares of eBay in the 4th quarter worth approximately $27,000. Finally, JPL Wealth Management LLC bought a new position in shares of eBay during the 3rd quarter worth approximately $28,000. 87.48% of the stock is owned by institutional investors.

eBay Trading Down 2.3%

eBay stock opened at $103.41 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 52 week low of $78.03 and a 52 week high of $119.31. The company has a market capitalization of $46.02 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.81 and a beta of 1.34. The stock has a 50-day moving average price of $109.47 and a 200 day moving average price of $103.61.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the company earned $1.37 EPS. 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. Sell-side analysts anticipate that eBay Inc. will post 4.86 EPS for the current year.

eBay Dividend Announcement

The firm 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 $0.31 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. eBay’s dividend payout ratio is presently 25.67%.

Insider Buying and Selling

In related news, SVP Mazen Rawashdeh sold 1,919 shares of the business’s 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 in the company, 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 document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president directly owned 35,546 shares in the company, valued at $3,604,008.94. This represents a 2.77% 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 sold a total of 26,016 shares of company stock valued at $2,870,341 over the last 90 days. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Needham & Company LLC raised their target price on shares of eBay from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings lowered eBay from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 25th. Sanford C. Bernstein reissued a “market perform” rating and issued a $115.00 price objective on shares of eBay in a research report on Monday, August 3rd. Arete Research dropped their target price on eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Finally, Cantor Fitzgerald reduced their target price on eBay from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average price target of $117.24.

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.