NewEdge Wealth LLC Has $66.12 Million Holdings in eBay Inc. $EBAY

NewEdge Wealth LLC grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 11.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 726,456 shares of the e-commerce company’s stock after buying an additional 73,770 shares during the quarter. eBay accounts for approximately 0.8% of NewEdge Wealth LLC’s investment portfolio, making the stock its 27th largest holding. NewEdge Wealth LLC’s holdings in eBay were worth $66,122,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EBAY. Guggenheim Capital LLC raised its stake in shares of eBay by 7.4% in the second quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock valued at $1,067,000 after acquiring an additional 988 shares during the last quarter. Jump Financial LLC bought a new stake in eBay during the 2nd quarter worth approximately $275,000. NewEdge Advisors LLC increased its holdings in eBay by 70.4% during the 2nd quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company’s stock valued at $8,084,000 after purchasing an additional 44,851 shares in the last quarter. Sei Investments Co. increased its holdings in eBay by 48.7% during the 2nd quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock valued at $35,111,000 after purchasing an additional 154,465 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in eBay by 26.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company’s stock valued at $24,250,000 after purchasing an additional 67,731 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on eBay from $65.00 to $75.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 14th. President Capital lifted their price target on eBay from $102.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Susquehanna upped their price target on shares of eBay from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Rothschild & Co Redburn increased their price objective on shares of eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $122.00 price objective on shares of eBay in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $110.52.

Insider Buying and Selling at eBay

In related news, SVP Mazen Rawashdeh sold 50,000 shares of the business’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 transaction 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 $3,419,557.68. The trade was a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $113.33, for a total transaction of $1,259,096.30. Following the sale, the chief executive officer directly owned 275,431 shares of the company’s stock, valued at approximately $31,214,595.23. This trade represents a 3.88% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 76,012 shares of company stock worth $8,747,852. Company insiders own 0.67% of the company’s stock.

eBay Stock Down 1.8%

NASDAQ EBAY opened at $110.95 on Thursday. The stock has a fifty day moving average of $111.73 and a 200-day moving average of $99.98. The stock has a market capitalization of $49.26 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 2.50 and a beta of 1.37. eBay Inc. has a 52 week low of $77.12 and a 52 week high of $119.31. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. eBay had a return on equity of 46.11% and a net margin of 17.58%.The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter 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, equities research analysts forecast that eBay Inc. will post 4.87 EPS for the current year.

eBay Dividend Announcement

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