L2 Asset Management LLC Makes New Investment in eBay Inc. $EBAY

L2 Asset Management LLC purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,137 shares of the e-commerce company’s stock, valued at approximately $686,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Compass Financial Management LLC acquired a new position in shares of eBay in the 2nd quarter valued at $28,000. Cedar Mountain Advisors LLC lifted its position in eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 156 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in eBay during the 1st quarter valued at about $26,000. Abound Financial LLC purchased a new stake in eBay during the 4th quarter valued at about $26,000. Finally, Jessup Wealth Management Inc acquired a new position in shares of eBay in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of eBay stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This trade represents a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. The trade was a 5.64% 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 sold a total of 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 company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Wedbush increased their price target on shares of eBay from $135.00 to $137.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. BNP Paribas Exane raised their price target on shares of eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Citizens Jmp cut shares of eBay from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of eBay from $87.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $117.24.

eBay Trading Down 1.0%

EBAY stock opened at $106.00 on Wednesday. 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 firm has a market cap of $47.17 billion, a P/E ratio of 21.95, a PEG ratio of 2.59 and a beta of 1.37. The company’s 50-day simple moving average is $110.01 and its 200-day simple moving average is $102.62.

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 firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.eBay’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, equities analysts forecast that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Announces Dividend

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

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.