Clifford Swan Investment Counsel LLC Trims Stake in eBay Inc. $EBAY

Clifford Swan Investment Counsel LLC lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 7.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 152,235 shares of the e-commerce company’s stock after selling 11,440 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in eBay were worth $13,856,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EBAY. Guggenheim Capital LLC lifted its position in eBay by 7.4% in the second 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 last quarter. Jump Financial LLC acquired a new position in shares of eBay in the 2nd quarter worth approximately $275,000. NewEdge Advisors LLC boosted its position in shares of eBay by 70.4% during the 2nd 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. boosted its position in shares of eBay by 48.7% during the 2nd quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock worth $35,111,000 after purchasing an additional 154,465 shares during the period. Finally, Treasurer of the State of North Carolina raised its position 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 purchasing an additional 67,731 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

More eBay News

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Wedbush initiated coverage on eBay with an Outperform rating and a $135 price target, implying meaningful upside from current levels. This kind of analyst support can help reinforce investor confidence in the stock. Benzinga coverage
• Positive Sentiment: The UK competition watchdog cleared eBay’s $1.2 billion Depop acquisition, removing a regulatory hurdle and signaling progress on eBay’s growth-by-acquisition strategy. Retail Insight Network article
• Neutral Sentiment: Coverage also noted that eBay currently has a “Hold” consensus from brokerages, which suggests analysts remain split on the near-term outlook despite the recent bullish target. American Banking News article
• Neutral Sentiment: A product-related mention about a classic Camaro being listed on eBay is not a meaningful company-specific catalyst for the stock. MSN article
• Negative Sentiment: Multiple reports highlighted GameStop CEO Ryan Cohen’s renewed push to acquire eBay, including his comment that the company is “coming for eBay one way or another.” While an acquisition premium can sometimes support a stock, the repeated takeover pressure and talk of appealing directly to shareholders may also create uncertainty and volatility for eBay investors. Yahoo Finance article

eBay Stock Performance

Shares of eBay stock opened at $112.06 on Friday. The business has a 50-day simple moving average of $111.60 and a 200-day simple moving average of $99.35. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. eBay Inc. has a one year low of $76.85 and a one year high of $119.31. The company has a market cap of $49.75 billion, a PE ratio of 25.41, a P/E/G ratio of 2.45 and a beta of 1.37.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. On average, equities research analysts forecast that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Announces Dividend

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

Insider Buying and Selling at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $109.17, for a total transaction of $94,213.71. Following the sale, the senior vice president owned 34,533 shares of the company’s stock, valued at approximately $3,769,967.61. This trade represents a 2.44% decrease in their position. The sale 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 Monday, July 6th. The shares were sold at an average price of $113.33, for a total value of $1,259,096.30. Following the completion of the transaction, the chief executive officer directly owned 275,431 shares of the company’s stock, valued at $31,214,595.23. This trade represents a 3.88% decrease in their ownership of the stock. 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 a total of 76,012 shares of company stock worth $8,747,852 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein lifted their price objective on eBay from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, May 20th. Bank of America lifted their target price on eBay from $102.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group increased their price target on shares of eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Arete Research lowered their price objective on shares of eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Finally, UBS Group upped 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. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $110.52.

eBay 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.