Harvest Fund Management Co. Ltd Sells 7,558 Shares of eBay Inc. $EBAY

Harvest Fund Management Co. Ltd decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 91.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 699 shares of the e-commerce company’s stock after selling 7,558 shares during the period. Harvest Fund Management Co. Ltd’s holdings in eBay were worth $61,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of eBay by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 57,613,332 shares of the e-commerce company’s stock worth $5,018,121,000 after purchasing an additional 468,833 shares during the period. First Trust Advisors LP increased its stake in shares of eBay by 27.8% during the third quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock worth $755,767,000 after purchasing an additional 1,808,976 shares during the period. Legal & General Group Plc increased its stake in shares of eBay by 2.8% during the third quarter. Legal & General Group Plc now owns 5,263,191 shares of the e-commerce company’s stock worth $478,687,000 after purchasing an additional 141,057 shares during the period. Impax Asset Management Group plc increased its stake in shares of eBay by 11.4% during the fourth quarter. Impax Asset Management Group plc now owns 3,134,733 shares of the e-commerce company’s stock worth $273,035,000 after purchasing an additional 321,732 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of eBay by 4.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,931,042 shares of the e-commerce company’s stock worth $255,294,000 after purchasing an additional 113,553 shares during the period. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EBAY shares. Wells Fargo & Company increased their target price on eBay from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Cantor Fitzgerald increased their target price on eBay from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. President Capital increased their target price on eBay from $94.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Truist Financial increased their target price on eBay from $94.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $122.00 target price on shares of eBay in a research note on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $107.84.

Insider Activity

In related news, SVP Mazen Rawashdeh sold 50,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the completion of the sale, the senior vice president owned 29,217 shares of the company’s stock, valued at $3,419,557.68. This represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 21,000 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $97.37, for a total transaction of $2,044,770.00. Following the sale, the chief executive officer directly owned 352,653 shares of the company’s stock, valued at $34,337,822.61. This represents a 5.62% 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. Over the last three months, insiders sold 136,953 shares of company stock worth $14,139,444. 0.64% of the stock is owned by company insiders.

eBay Price Performance

Shares of NASDAQ EBAY opened at $109.35 on Friday. The stock has a market capitalization of $48.55 billion, a PE ratio of 24.80, a P/E/G ratio of 2.43 and a beta of 1.39. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. The business has a fifty day moving average price of $104.60 and a two-hundred day moving average price of $93.47. eBay Inc. has a fifty-two week low of $72.84 and a fifty-two week high of $119.31.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. eBay had a return on equity of 46.11% and a net margin of 17.58%.The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the previous year, the firm earned $1.38 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. As a group, equities analysts predict that eBay Inc. will post 4.83 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay’s dividend payout ratio is currently 28.12%.

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.