Panagora Asset Management Inc. Has $107.68 Million Stake in eBay Inc. $EBAY

Panagora Asset Management Inc. raised its position in shares of eBay Inc. (NASDAQ:EBAY) by 62.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,236,326 shares of the e-commerce company’s stock after acquiring an additional 476,277 shares during the quarter. Panagora Asset Management Inc.’s holdings in eBay were worth $107,684,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. High Point Wealth Management LLC bought a new position in shares of eBay in the 4th quarter worth about $26,000. Jessup Wealth Management Inc bought a new stake in shares of eBay during the 4th quarter valued at about $27,000. JPL Wealth Management LLC bought a new stake in shares of eBay during the 3rd quarter valued at about $28,000. JFS Wealth Advisors LLC grew its stake in eBay by 57.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 116 shares during the period. Finally, Beacon Financial Strategies CORP acquired a new stake in eBay during the fourth quarter worth approximately $28,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EBAY shares. Evercore set a $96.00 price target on eBay in a research note on Thursday, April 30th. Truist Financial lifted their price objective on shares of eBay from $94.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, May 4th. The Goldman Sachs Group boosted their target price on shares of eBay from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Jefferies Financial Group increased their target price on shares of eBay from $60.00 to $65.00 in a research note on Thursday, April 30th. Finally, Barclays lifted their price target on shares of eBay from $104.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $107.84.

eBay Price Performance

eBay stock opened at $108.61 on Monday. The firm has a market capitalization of $48.22 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 2.42 and a beta of 1.39. The firm’s fifty day moving average price is $106.45 and its two-hundred day moving average price is $94.51. eBay Inc. has a 1-year low of $72.84 and a 1-year high of $119.31. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. eBay had a net margin of 17.58% and a return on equity of 46.11%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. On average, equities research analysts predict that eBay Inc. will post 4.83 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. eBay’s dividend payout ratio is 28.12%.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 16,685 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $92.44, for a total value of $1,542,361.40. Following the transaction, the senior vice president owned 94,479 shares in the company, valued at $8,733,638.76. This trade represents a 15.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $109.59, for a total value of $1,217,544.90. Following the transaction, the chief executive officer directly owned 280,204 shares in the company, valued at approximately $30,707,556.36. The trade was a 3.81% 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. In the last ninety days, insiders sold 148,063 shares of company stock valued at $15,356,989. 0.67% of the stock is owned by company insiders.

eBay 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.