OFI Invest Asset Management Acquires New Stake in eBay Inc. $EBAY

OFI Invest Asset Management purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the second quarter, HoldingsChannel reports. The institutional investor purchased 1,092,808 shares of the e-commerce company’s stock, valued at approximately $122,121,000. eBay comprises about 1.2% of OFI Invest Asset Management’s investment portfolio, making the stock its 20th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of EBAY. Cedar Mountain Advisors LLC grew its stake in eBay by 128.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after buying an additional 156 shares in the last quarter. High Point Wealth Management LLC bought a new position in shares of eBay in the 4th quarter worth $26,000. Abound Financial LLC bought a new position in shares of eBay in the 4th quarter worth $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of eBay during the 1st quarter valued at $26,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of eBay during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Up 2.2%

Shares of NASDAQ EBAY opened at $104.58 on Friday. The firm’s fifty day moving average is $110.79 and its 200 day moving average is $101.99. eBay Inc. has a 52 week low of $78.03 and a 52 week high of $119.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. The company has a market cap of $46.54 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 2.48 and a beta of 1.37.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities research analysts expect that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s dividend payout ratio is currently 25.67%.

Analysts Set New Price Targets

EBAY has been the subject of a number of research reports. Stifel Nicolaus set a $98.00 price objective on eBay in a report on Thursday, April 30th. TD Cowen boosted their target price on eBay from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. President Capital upped their target price on eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. increased their price target on shares of eBay from $87.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley reissued an “overweight” rating and set a $127.00 price target on shares of eBay in a research note on Thursday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $117.09.

Insider Transactions at eBay

In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the transaction, the senior vice president owned 32,124 shares of the company’s stock, valued at $3,485,775.24. This represents a 5.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 34,533 shares of the company’s stock, valued at $3,769,967.61. The trade was a 2.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 87,122 shares of company stock worth $9,953,842. Company insiders own 0.67% of the company’s stock.

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.