Jupiter Topco LLC Buys Shares of 817,341 eBay Inc. $EBAY

Jupiter Topco LLC purchased a new position in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 817,341 shares of the e-commerce company’s stock, valued at approximately $91,338,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Guggenheim Capital LLC raised its stake in eBay by 7.4% in the second quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock worth $1,067,000 after buying an additional 988 shares in the last quarter. Jump Financial LLC purchased a new position in shares of eBay in the 2nd quarter valued at $275,000. NewEdge Advisors LLC raised its position in shares of eBay by 70.4% in the 2nd quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company’s stock worth $8,084,000 after acquiring an additional 44,851 shares in the last quarter. Sei Investments Co. lifted its stake in shares of eBay by 48.7% during the 2nd quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock worth $35,111,000 after purchasing an additional 154,465 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in eBay by 26.3% during the second 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 in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EBAY has been the subject of several analyst reports. Cantor Fitzgerald decreased their price target on shares of eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Argus upgraded shares of eBay from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Friday, August 7th. Wells Fargo & Company downgraded shares of eBay from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $105.00 to $92.00 in a research note on Monday, August 3rd. Barclays lifted their price target on shares of eBay from $114.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group set a $145.00 price target on eBay in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.24.

Insider Buying and Selling at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the sale, the senior vice president directly owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This trade represents a 2.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value 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. The trade was a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 37,126 shares of company stock valued at $4,087,886. 0.67% of the stock is owned by insiders.

eBay Trading Down 1.7%

eBay stock opened at $104.20 on Thursday. The stock has a 50-day moving average price of $109.94 and a 200 day moving average price of $102.74. The company has a market capitalization of $46.37 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.57 and a beta of 1.37. eBay Inc. has a 52 week low of $78.03 and a 52 week high of $119.31. 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 (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the firm posted $1.37 EPS. eBay’s revenue for the quarter was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Sell-side analysts anticipate that eBay Inc. will post 4.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given 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 yield of 1.2%. eBay’s payout ratio is currently 25.67%.

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.