eBay Inc. $EBAY Stock: Beutel Goodman & Co Ltd. Lowers Stake

Beutel Goodman & Co Ltd. lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,206,101 shares of the e-commerce company’s stock after selling 160,700 shares during the quarter. eBay makes up approximately 2.7% of Beutel Goodman & Co Ltd.’s portfolio, making the stock its 5th biggest position. Beutel Goodman & Co Ltd. owned 0.73% of eBay worth $340,007,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. John Boyer Inc. purchased a new position in shares of eBay in the third quarter worth $26,000. Compass Financial Management LLC purchased a new stake in eBay during the 2nd quarter valued at $28,000. Field & Main Bank purchased a new stake in eBay during the 2nd quarter valued at $31,000. Cassaday & Co Wealth Management LLC bought a new stake in eBay in the 1st quarter worth $26,000. Finally, Latitude Advisors LLC bought a new stake in eBay in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay News Summary

Here are the key news stories impacting eBay this week:

• Positive Sentiment: A Zacks article included eBay among non-tech Nasdaq stocks with improving earnings estimates and growth opportunities, offering a modestly positive investment signal. Zacks article
• Neutral Sentiment: CEO Jamie Iannone sold 11,110 shares for about $1.37 million, reducing his direct holding by 5.16%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which makes it less clearly a signal about the company’s near-term outlook. SEC filing
• Negative Sentiment: The UK government is considering restricting under-16s’ access to online marketplaces including eBay, citing concerns about contact with strangers. If adopted, the measure could require age-verification changes and limit access to younger users; it remains under consideration, not a finalized ban. Sky News article

eBay Stock Down 0.8%

Shares of NASDAQ EBAY opened at $120.97 on Tuesday. The company has a current ratio of 0.78, a quick 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 $127.74. The firm has a market capitalization of $53.11 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.99 and a beta of 1.30. The firm has a fifty day simple moving average of $112.86 and a two-hundred day simple moving average of $104.71.

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

eBay Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Cantor Fitzgerald lowered their price objective on shares of eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Piper Sandler restated an “overweight” rating and set a $140.00 price target on shares of eBay in a report on Thursday, October 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of eBay in a research report on Thursday, October 29th. William Blair started coverage on eBay in a report on Thursday, October 29th. They issued a “market perform” rating for the company. Finally, Jefferies Financial Group cut their price objective on eBay from $80.00 to $75.00 and set an “underperform” rating on the stock in a research report on Monday, September 21st. Seventeen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $123.52.

Insider Activity at eBay

In other eBay news, SVP Jordan Sweetnam sold 1,014 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the transaction, the senior vice president owned 35,546 shares in the company, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $122.98, for a total value of $1,366,307.80. Following the transaction, the chief executive officer owned 204,049 shares in the company, valued at $25,093,946.02. This trade represents a 5.16% decrease in their position. 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. Over the last ninety days, insiders have sold 34,344 shares of company stock worth $3,795,885. Insiders own 0.67% of the company’s stock.

About eBay

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.