JLB & Associates Inc. Buys New Shares in eBay Inc. $EBAY

JLB & Associates Inc. bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,668 shares of the e-commerce company’s stock, valued at approximately $2,086,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC grew its holdings 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 buying an additional 156 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of eBay during the 1st quarter worth about $26,000. Abound Financial LLC acquired a new stake in shares of eBay in the fourth quarter worth approximately $26,000. High Point Wealth Management LLC acquired a new stake in shares of eBay in the fourth quarter worth approximately $26,000. Finally, Jessup Wealth Management Inc purchased a new stake in eBay in the fourth quarter valued at approximately $27,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Up 1.3%

Shares of NASDAQ:EBAY opened at $102.27 on Wednesday. The stock has a 50-day simple moving average of $110.39 and a 200-day simple moving average of $102.15. The stock has a market capitalization of $45.51 billion, a P/E ratio of 21.17, a PEG ratio of 2.49 and a beta of 1.37. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results 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. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. eBay’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts forecast that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s dividend payout ratio (DPR) is presently 25.67%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EBAY shares. President Capital upped their price target on shares of eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $115.00 price target on shares of eBay in a report on Monday, August 3rd. Wedbush reiterated an “outperform” rating and issued a $135.00 price target on shares of eBay in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $124.00 price objective on shares of eBay in a research note on Monday, May 4th. Finally, BNP Paribas Exane upped their price objective on eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Fourteen investment 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $117.09.

Insiders Place Their Bets

In other eBay news, SVP Mazen Rawashdeh sold 50,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the sale, the senior vice president owned 29,217 shares of the company’s stock, valued at $3,419,557.68. This trade represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 eBay stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $109.17, for a total transaction of $94,213.71. Following the sale, the senior vice president owned 34,533 shares in the company, valued at $3,769,967.61. This represents a 2.44% 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. Insiders sold a total of 86,112 shares of company stock worth $9,837,076 in the last 90 days. 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.