eBay Inc. $EBAY Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its stake in eBay Inc. (NASDAQ:EBAY) by 6.6% during the 1st quarter, Holdings Channel reports. The fund owned 257,464 shares of the e-commerce company’s stock after selling 18,089 shares during the quarter. Pictet Asset Management Holding SA’s holdings in eBay were worth $23,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Guggenheim Capital LLC boosted its stake in shares of eBay by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock valued at $1,067,000 after buying an additional 988 shares during the period. Jump Financial LLC acquired a new position in shares of eBay during the second quarter worth about $275,000. NewEdge Advisors LLC increased its stake in shares of 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 buying an additional 44,851 shares during the period. Sei Investments Co. increased its stake in shares of 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 during the period. Finally, Treasurer of the State of North Carolina raised its holdings in eBay by 26.3% in the second quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company’s stock valued at $24,250,000 after acquiring an additional 67,731 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Price Performance

EBAY stock opened at $111.28 on Thursday. The company has a market capitalization of $49.41 billion, a P/E ratio of 25.23, a PEG ratio of 2.45 and a beta of 1.37. eBay Inc. has a twelve month low of $75.12 and a twelve month high of $119.31. The business has a 50 day simple moving average of $109.13 and a 200-day simple moving average of $96.89. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. eBay had a net margin of 17.58% and a return on equity of 46.11%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the company earned $1.38 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. As a group, equities analysts anticipate that eBay Inc. will post 4.91 EPS for the current year.

eBay Dividend Announcement

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

Insider Activity

In related news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $109.59, for a total value of $1,217,544.90. Following the sale, the chief executive officer owned 280,204 shares in the company, valued at $30,707,556.36. This represents a 3.81% decrease in their position. The transaction was disclosed in a legal filing 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 Douglas Bradle Sweetnam sold 863 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the transaction, the senior vice president owned 34,533 shares of the company’s stock, valued at approximately $3,769,967.61. This represents a 2.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 98,015 shares of company stock worth $10,749,186. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EBAY shares. The Goldman Sachs Group lifted their price target on shares of eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Truist Financial raised their price objective on shares of eBay from $94.00 to $105.00 and gave the company a “hold” rating in a report on Monday, May 4th. Rothschild & Co Redburn lifted their price objective on shares of eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Cantor Fitzgerald boosted their target price on shares of eBay from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, UBS Group boosted their target price on shares of eBay from $96.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $108.61.

eBay Company 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.