Westpac Banking Corp Has $6.02 Million Holdings in eBay Inc. $EBAY

Westpac Banking Corp cut its holdings in eBay Inc. (NASDAQ:EBAY) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,130 shares of the e-commerce company’s stock after selling 4,882 shares during the period. Westpac Banking Corp’s holdings in eBay were worth $6,021,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. High Point Wealth Management LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $26,000. Beacon Financial Strategies CORP acquired a new position in eBay during the fourth quarter valued at approximately $28,000. JFS Wealth Advisors LLC grew its stake in eBay by 57.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 116 shares in the last quarter. JPL Wealth Management LLC bought a new position in eBay in the third quarter valued at approximately $28,000. Finally, Eagle Bay Advisors LLC bought a new position in eBay in the fourth quarter valued at approximately $33,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 16,685 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $92.44, for a total value of $1,542,361.40. Following the completion of the sale, the senior vice president directly owned 94,479 shares of the company’s stock, valued at $8,733,638.76. This trade represents a 15.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Mazen Rawashdeh sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the sale, the senior vice president directly owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. The trade was a 63.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 136,953 shares of company stock valued at $14,139,444. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on EBAY shares. BNP Paribas Exane raised their price target on eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Susquehanna raised their price target on eBay from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Truist Financial raised their price target on eBay from $94.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, May 4th. BMO Capital Markets raised their price target on eBay from $120.00 to $130.00 in a research note on Thursday, April 30th. Finally, Needham & Company LLC restated a “buy” rating and issued a $122.00 price target on shares of eBay in a research note on Thursday, April 30th. Thirteen research 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.com, eBay presently has a consensus rating of “Hold” and an average target price of $107.84.

eBay Stock Performance

EBAY opened at $108.88 on Wednesday. eBay Inc. has a 12-month low of $72.84 and a 12-month high of $119.31. The stock has a market cap of $48.34 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 2.45 and a beta of 1.39. The business has a 50 day moving average of $103.03 and a 200-day moving average of $92.86. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. eBay had a return on equity of 46.11% and a net margin of 17.58%.The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the firm posted $1.38 earnings per share. The business’s 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 expect that eBay Inc. will post 4.83 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 29th. eBay’s dividend payout ratio (DPR) is presently 28.12%.

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.