eBay Inc. $EBAY Stock: Inscription Capital LLC Cuts Holdings

Inscription Capital LLC trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 34.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,714 shares of the e-commerce company’s stock after selling 4,625 shares during the quarter. Inscription Capital LLC’s holdings in eBay were worth $924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in eBay during the second quarter worth approximately $4,406,897,000. Legal & General Group Plc acquired a new position in eBay in the second quarter valued at approximately $506,653,000. Amundi lifted its holdings in eBay by 26.4% in the second quarter. Amundi now owns 4,014,323 shares of the e-commerce company’s stock valued at $448,601,000 after acquiring an additional 838,057 shares during the last quarter. Dimensional Fund Advisors LP grew its position in eBay by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock worth $446,042,000 after acquiring an additional 80,450 shares during the period. Finally, Bank of America Corp DE purchased a new position in eBay in the second quarter worth approximately $405,182,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on EBAY. Oppenheimer set a $150.00 target price on eBay in a research note on Thursday, October 29th. JPMorgan Chase & Co. upped their price target on eBay from $107.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. BNP Paribas Exane upgraded eBay to a “neutral” rating in a report on Thursday, October 29th. Argus raised their price objective on eBay from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Barclays lowered shares of eBay from an “overweight” rating to an “underweight” rating in a report on Thursday, October 29th. Seventeen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $123.52.

eBay Stock Down 1.1%

EBAY traded down $1.39 during trading hours on Friday, hitting $121.96. 3,024,769 shares of the company’s stock were exchanged, compared to its average volume of 4,107,002. The firm has a market cap of $53.54 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 2.89 and a beta of 1.30. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $127.74. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average of $112.55 and a 200 day moving average of $104.57.

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

eBay Announces Dividend

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

eBay News Roundup

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Argus raised its price target to $138 from $133 and reiterated a Buy rating. The higher target signals increased analyst optimism about eBay’s prospects. eBay Stock Price Target Raised at Argus
• Positive Sentiment: Depop is lowering shipping rates and adding delivery features. The changes could make the platform more attractive and convenient for buyers and sellers, supporting engagement across eBay’s marketplace portfolio. eBay trims Depop shipping rates, bolsters delivery features
• Positive Sentiment: Nissan is opening an eBay Canada storefront for factory parts, with local dealers handling orders. The partnership adds branded inventory and expands eBay’s usefulness as a parts marketplace. Nissan becomes first automaker to sell factory parts on eBay Canada
• Neutral Sentiment: eBay is making livestream shopping a strategic growth bet. The format could create another way to engage shoppers, but its eventual contribution to revenue and profitability remains uncertain. Why eBay Is Turning Livestream Shopping Into Its Next Big Bet

Insider Buying and Selling

In related news, SVP Jordan Sweetnam sold 1,014 shares of eBay stock in a transaction that occurred on 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 in the company, valued at $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a legal 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 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 directly owned 226,269 shares in the company, valued at approximately $24,228,884.52. This represents a 4.68% 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. Insiders have sold 23,234 shares of company stock worth $2,429,577 over the last 90 days. Insiders own 0.67% of the company’s stock.

eBay Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.

Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.

eBay serves customers and businesses in markets around the world.