67,365 Shares in eBay Inc. $EBAY Purchased by Westpac Banking Corp

Westpac Banking Corp purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 67,365 shares of the e-commerce company’s stock, valued at approximately $7,528,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC boosted its position in shares of eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 156 shares during the last quarter. High Point Wealth Management LLC purchased a new stake in eBay in the 4th quarter valued at $26,000. Abound Financial LLC purchased a new stake in eBay in the 4th quarter valued at $26,000. Cassaday & Co Wealth Management LLC bought a new position in eBay during the 1st quarter valued at $26,000. Finally, Jessup Wealth Management Inc bought a new position in eBay during the 4th quarter valued at $27,000. 87.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Benchmark upped their target price on shares of eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Mizuho set a $110.00 price target on shares of eBay in a research report on Thursday, August 6th. Stifel Nicolaus set a $98.00 price objective on shares of eBay in a research report on Thursday, April 30th. Piper Sandler reiterated an “overweight” rating and issued a $133.00 price objective (up from $115.00) on shares of eBay in a research note on Thursday, August 6th. Finally, Robert W. Baird set a $126.00 target price on shares of eBay in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $117.24.

eBay Trading Down 0.5%

Shares of EBAY stock opened at $104.13 on Friday. The company has a 50 day moving average of $110.12 and a 200-day moving average of $102.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The firm has a market cap of $46.34 billion, a P/E ratio of 21.56, a PEG ratio of 2.53 and a beta of 1.37.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. eBay’s revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Sell-side analysts anticipate that eBay Inc. will post 4.87 earnings per share 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 paid a $0.31 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. eBay’s payout ratio is presently 25.67%.

Insider Activity

In other news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the transaction, the chief executive officer owned 253,211 shares of the company’s stock, valued at $27,486,054.05. This represents a 4.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the transaction, the senior vice president owned 32,124 shares of the company’s stock, valued at $3,485,775.24. The trade was a 5.64% 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. Insiders have sold 37,126 shares of company stock valued at $4,087,886 in the last 90 days. Insiders own 0.67% of the company’s stock.

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.