Assenagon Asset Management S.A. Has $19.57 Million Stock Holdings in eBay Inc. $EBAY

Assenagon Asset Management S.A. lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 287.7% in the first quarter, Holdings Channel reports. The institutional investor owned 214,994 shares of the e-commerce company’s stock after acquiring an additional 159,534 shares during the period. Assenagon Asset Management S.A.’s holdings in eBay were worth $19,569,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EBAY. Guggenheim Capital LLC increased its stake in eBay by 7.4% during the 2nd quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock worth $1,067,000 after acquiring an additional 988 shares during the period. Jump Financial LLC acquired a new position in eBay in the second quarter valued at about $275,000. NewEdge Advisors LLC lifted its position in eBay by 70.4% during the second quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company’s stock worth $8,084,000 after purchasing an additional 44,851 shares during the period. Sei Investments Co. grew its stake in eBay by 48.7% during the second quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock worth $35,111,000 after buying an additional 154,465 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in eBay by 26.3% during the second quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company’s stock worth $24,250,000 after buying an additional 67,731 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on EBAY shares. President Capital boosted their target price on shares of eBay from $102.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday. Arete Research reduced their price target on shares of eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Morgan Stanley lifted their price objective on shares of eBay to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “buy (b)” rating on shares of eBay in a research note on Friday, June 12th. Finally, Wells Fargo & Company lifted their price target on eBay from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $108.61.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 12,113 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $100.36, for a total value of $1,215,660.68. Following the completion of the sale, the senior vice president directly owned 30,835 shares in the company, valued at $3,094,600.60. This trade represents a 28.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 21,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $97.37, for a total value of $2,044,770.00. Following the completion of the transaction, the chief executive officer owned 352,653 shares in the company, valued at approximately $34,337,822.61. The trade was a 5.62% 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. Insiders have sold 98,015 shares of company stock valued at $10,749,186 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

eBay News Roundup

Here are the key news stories impacting eBay this week:

• Positive Sentiment: GameStop CEO Ryan Cohen’s willingness to forgo a massive pay package to pursue an eBay acquisition has intensified takeover speculation around eBay, which can boost investor interest. Article Title
• Positive Sentiment: President Capital raised its price target on eBay to $126 from $102 and reiterated a buy rating, signaling confidence in the company’s upside. Article Title
• Neutral Sentiment: Several additional articles repeated the same takeover storyline, keeping eBay in the news but adding little new information beyond the possible GameStop bid.
• Neutral Sentiment: A media event at Cannes highlighted eBay’s recommerce theme, but it appears more brand-related than a direct stock-moving catalyst. Article Title

eBay Price Performance

Shares of NASDAQ EBAY opened at $108.03 on Friday. The company has a market capitalization of $47.96 billion, a PE ratio of 24.50, a P/E/G ratio of 2.36 and a beta of 1.39. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. The firm has a fifty day simple moving average of $108.73 and a 200 day simple moving average of $96.22. eBay Inc. has a twelve month low of $73.18 and a twelve month high of $119.31.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.04 billion. eBay had a return on equity of 46.11% and a net margin of 17.58%.The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 earnings per share. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. On average, sell-side analysts forecast that eBay Inc. will post 4.91 EPS for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. eBay’s dividend payout ratio is 28.12%.

About eBay

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.