Fifth Third Bancorp Grows Stake in eBay Inc. $EBAY

Fifth Third Bancorp boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 376.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 117,373 shares of the e-commerce company’s stock after buying an additional 92,733 shares during the quarter. Fifth Third Bancorp’s holdings in eBay were worth $10,683,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of eBay by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 57,613,332 shares of the e-commerce company’s stock valued at $5,018,121,000 after acquiring an additional 468,833 shares during the period. Invesco Ltd. lifted its stake in shares of eBay by 8.3% in the 4th quarter. Invesco Ltd. now owns 9,020,923 shares of the e-commerce company’s stock valued at $785,722,000 after purchasing an additional 692,805 shares during the period. Independent Franchise Partners LLP boosted its stake in shares of eBay by 5.2% during the 4th quarter. Independent Franchise Partners LLP now owns 7,748,177 shares of the e-commerce company’s stock worth $674,866,000 after acquiring an additional 384,570 shares in the last quarter. Allianz Asset Management GmbH boosted its position in eBay by 47.5% during the fourth quarter. Allianz Asset Management GmbH now owns 3,626,424 shares of the e-commerce company’s stock worth $315,862,000 after purchasing an additional 1,167,019 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in shares of eBay by 11.4% during the 4th quarter. Impax Asset Management Group plc now owns 3,134,733 shares of the e-commerce company’s stock valued at $273,035,000 after buying an additional 321,732 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Down 2.2%

eBay stock opened at $112.54 on Wednesday. The stock’s fifty day moving average is $111.33 and its two-hundred day moving average is $98.88. The stock has a market cap of $49.97 billion, a PE ratio of 25.52, a P/E/G ratio of 2.54 and a beta of 1.37. eBay Inc. has a 1-year low of $75.78 and a 1-year high of $119.31. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 earnings per share. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. On average, sell-side analysts expect that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. eBay’s dividend payout ratio is 28.12%.

Insider Activity

In other news, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $113.33, for a total transaction of $1,259,096.30. Following the transaction, the chief executive officer directly owned 275,431 shares in the company, valued at approximately $31,214,595.23. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the firm’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 transaction, the senior vice president directly owned 32,124 shares in the company, valued at $3,485,775.24. The trade was a 5.64% decrease in their ownership of the stock. 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 ninety days, insiders sold 76,012 shares of company stock valued at $8,747,852. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EBAY has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of eBay in a report on Friday, June 12th. Piper Sandler reissued an “overweight” rating and issued a $115.00 price objective (up from $105.00) on shares of eBay in a report on Thursday, April 30th. The Goldman Sachs Group increased their price objective on eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Arete Research dropped their price target on shares of eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft set a $124.00 price objective on eBay in a research note on Monday, May 4th. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $109.13.

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.