NewEdge Wealth LLC Purchases Shares of 737,619 eBay Inc. $EBAY

NewEdge Wealth LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 737,619 shares of the e-commerce company’s stock, valued at approximately $82,429,000. eBay comprises about 0.8% of NewEdge Wealth LLC’s holdings, making the stock its 25th biggest holding.

Other large investors have also recently modified their holdings of the company. Great Lakes Advisors LLC bought a new stake in shares of eBay in the 2nd quarter valued at about $1,412,000. Danske Bank A S purchased a new position in eBay in the 2nd quarter worth approximately $61,702,000. Diversify Advisory Services LLC purchased a new stake in shares of eBay during the second quarter valued at approximately $349,000. Wealthfront Advisers LLC purchased a new stake in shares of eBay during the second quarter valued at approximately $8,756,000. Finally, M. Kulyk & Associates LLC bought a new position in shares of eBay in the second quarter worth approximately $269,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EBAY. Morgan Stanley reiterated an “overweight” rating and set a $127.00 price target on shares of eBay in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on shares of eBay from $87.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Daiwa Securities Group boosted their price target on eBay from $90.00 to $114.00 in a report on Monday, May 11th. Argus raised eBay from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Friday, August 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $135.00 price objective on shares of eBay in a report on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus price target of $117.09.

eBay Trading Up 0.4%

NASDAQ:EBAY opened at $102.64 on Thursday. The company has a 50-day moving average price of $110.31 and a 200-day moving average price of $102.20. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. The stock has a market cap of $45.67 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 2.47 and a beta of 1.37.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. eBay’s quarterly revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts predict that eBay Inc. will post 4.87 EPS for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.31 per share. 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 dividend payout ratio is 25.67%.

Insiders Place Their Bets

In other news, SVP Mazen Rawashdeh sold 50,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the transaction, the senior vice president owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. This represents a 63.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the transaction, the senior vice president owned 34,533 shares of the company’s stock, valued at approximately $3,769,967.61. The trade was a 2.44% 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. In the last quarter, insiders have sold 86,112 shares of company stock worth $9,837,076. Company insiders own 0.67% of the company’s stock.

eBay Company 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.