Paralel Advisors LLC Makes New $72.64 Million Investment in eBay Inc. $EBAY

Paralel Advisors LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) in the second quarter, HoldingsChannel.com reports. The firm purchased 650,000 shares of the e-commerce company’s stock, valued at approximately $72,638,000. eBay comprises 2.8% of Paralel Advisors LLC’s portfolio, making the stock its 8th biggest holding.

Several other hedge funds have also recently made changes to their positions in EBAY. Allworth Financial LP grew its position in shares of eBay by 62.6% during the 4th quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock worth $2,013,000 after buying an additional 8,899 shares during the period. North Dakota State Investment Board bought a new stake in shares of eBay in the 4th quarter valued at $1,809,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of eBay during the 4th quarter valued at $9,368,000. Jefferies Financial Group Inc. acquired a new position in shares of eBay during the 4th quarter valued at $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in eBay by 904.3% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 283,215 shares of the e-commerce company’s stock worth $24,668,000 after acquiring an additional 255,015 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Stock Performance

Shares of eBay stock opened at $104.61 on Friday. The company has a market cap of $46.55 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.37. eBay Inc. has a 52 week low of $78.03 and a 52 week high of $119.31. The business has a 50 day moving average price of $110.21 and a 200-day moving average price of $102.30. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.10. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.eBay’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts anticipate that eBay Inc. will post 4.87 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay’s dividend payout ratio (DPR) is 25.67%.

Analysts Set New Price Targets

EBAY has been the subject of a number of research reports. Benchmark raised their price target on shares of eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Daiwa Securities Group upped their price objective on shares of eBay from $90.00 to $114.00 in a report on Monday, May 11th. Wells Fargo & Company cut shares of eBay from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $105.00 to $92.00 in a research report on Monday, August 3rd. Arete Research reduced their target price on eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Finally, Citigroup boosted their target price on eBay from $127.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Fifteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $117.24.

Insiders Place Their Bets

In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total transaction of $208,230.69. Following the transaction, the senior vice president directly owned 32,124 shares of the company’s stock, valued at $3,485,775.24. The trade was a 5.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. The trade was a 2.77% 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. Insiders have sold 37,126 shares of company stock valued at $4,087,886 in the last three months. 0.67% of the stock is currently owned by insiders.

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.