eBay Inc. $EBAY Stock Holdings Decreased by Lindsell Train Ltd

Lindsell Train Ltd lessened its position in shares of eBay Inc. (NASDAQ:EBAY) by 5.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,052,401 shares of the e-commerce company’s stock after selling 63,600 shares during the period. eBay makes up approximately 4.8% of Lindsell Train Ltd’s investment portfolio, making the stock its 9th largest position. Lindsell Train Ltd’s holdings in eBay were worth $111,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC grew its stake in eBay by 128.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after acquiring an additional 156 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in eBay during the first quarter worth about $26,000. John Boyer Inc. acquired a new position in eBay during the third quarter worth about $26,000. Compass Financial Management LLC acquired a new position in eBay during the second quarter worth about $28,000. Finally, Field & Main Bank purchased a new stake in shares of eBay in the second quarter valued at about $31,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $107.08, for a total transaction of $1,189,658.80. Following the transaction, the chief executive officer directly owned 226,269 shares in the company, valued at $24,228,884.52. This trade represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of eBay stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,234 shares of company stock worth $2,429,577 in the last 90 days. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings lowered shares of eBay from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, October 28th. Arete Research reduced their target price on eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, September 24th. Erste Group Bank initiated coverage on eBay in a report on Wednesday, October 21st. They set a “buy” rating on the stock. Citigroup boosted their price target on eBay from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Finally, Citizens Jmp cut shares of eBay from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. Seventeen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $123.52.

Trending Headlines about eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Argus raised its price target to $138 from $133 and maintained a Buy rating, signaling continued analyst confidence in eBay’s outlook. Tickerreport article
• Positive Sentiment: eBay is lowering Depop shipping rates and adding delivery features. The changes may improve affordability and convenience for buyers and sellers, although the financial impact is not yet clear. Yahoo Finance article
• Positive Sentiment: Nissan is beginning to sell factory parts through eBay Canada, with local dealers handling orders. The partnership could add product selection and attract customers seeking genuine parts. MSN article
• Neutral Sentiment: Coverage highlighted eBay’s push into livestream shopping and a reported $59.7 million AI-supercomputer listing or sale. These point to the platform’s range and potential, but appear to be early-stage or unusual examples rather than evidence of a material, recurring revenue contribution. Inc. article Yahoo Tech article

eBay Stock Down 1.4%

Shares of eBay stock opened at $123.35 on Friday. The company has a fifty day moving average price of $112.16 and a 200 day moving average price of $104.41. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.16. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $127.74. The stock has a market cap of $54.15 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.99 and a beta of 1.30.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. eBay had a return on equity of 49.20% and a net margin of 16.84%. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Equities research analysts forecast that eBay Inc. will post 4.75 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, December 4th. eBay’s dividend payout ratio is 27.07%.

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.