eBay Inc. $EBAY Stock: ProShare Advisors LLC Decreases Holdings

ProShare Advisors LLC trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 19.6% during the third quarter, Holdings Channel.com reports. The fund owned 114,900 shares of the e-commerce company’s stock after selling 27,945 shares during the quarter. ProShare Advisors LLC’s holdings in eBay were worth $12,185,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of EBAY. Cedar Mountain Advisors LLC raised its stake in eBay by 128.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 156 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of eBay during the 1st quarter worth approximately $26,000. John Boyer Inc. acquired a new position in shares of eBay during the 3rd quarter worth approximately $26,000. Compass Financial Management LLC bought a new position in shares of eBay during the second quarter worth approximately $28,000. Finally, Field & Main Bank bought a new position in shares of eBay during the second quarter worth approximately $31,000. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wedbush boosted their price target on eBay from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Truist Financial raised their price objective on eBay from $115.00 to $133.00 and gave the stock a “hold” rating in a research note on Thursday, October 29th. Weiss Ratings cut eBay from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, October 28th. BNP Paribas Exane raised eBay to a “neutral” rating in a report on Thursday, October 29th. Finally, Susquehanna upped their target price on eBay from $110.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, October 30th. Seventeen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $123.36.

Insider Transactions at eBay

In other news, SVP Jordan Sweetnam sold 1,014 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Monday, October 5th. The shares were sold at an average price of $107.08, for a total transaction of $1,189,658.80. Following the completion of the sale, the chief executive officer owned 226,269 shares in the company, valued at $24,228,884.52. This represents a 4.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 23,234 shares of company stock worth $2,429,577. Company insiders own 0.67% of the company’s stock.

eBay Price Performance

EBAY stock opened at $118.62 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $124.59. The firm has a market cap of $52.07 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.89 and a beta of 1.30. The company’s 50-day moving average price is $111.39 and its two-hundred day moving average price is $104.11.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.10. eBay had a return on equity of 49.20% and a net margin of 16.84%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter last year, the company posted $1.36 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, analysts anticipate that eBay Inc. will post 4.75 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, December 4th. eBay’s payout ratio is currently 27.07%.

eBay News Summary

Here are the key news stories impacting eBay this week:

• Positive Sentiment: eBay’s Q3 results beat expectations, with adjusted EPS of $1.51 versus $1.41 expected and revenue of $3.21 billion versus $3.12 billion expected. Revenue rose 13.7% year over year, while coverage pointed to broad-based growth and AI investments supporting marketplace momentum. Q3 analysis
• Positive Sentiment: Two reports said eBay’s price targets were raised, including one to $145 and another to $125, offering a favorable analyst signal. Price target raised to $145 Price target raised to $125
• Neutral Sentiment: eBay’s “Most Wanted” and muscle-car features promote collectible vehicle listings and could draw interest to the marketplace, but the articles provide no indication of a material financial contribution. Most Wanted cars
• Neutral Sentiment: A $59.7 million AI supercomputer comprising 300 server racks was reportedly sold through eBay. This appears to be a marketplace transaction, not a sale by eBay itself, and is unlikely to be material to the company’s financial results. AI supercomputer listing
• Negative Sentiment: Jefferies warned that take-rate pressure and slower advertising growth could weigh on monetization, tempering the positive Q3 growth story. Jefferies warning

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.