Primecap Management Co. CA Makes New Investment in eBay Inc. $EBAY

Primecap Management Co. CA acquired a new position in eBay Inc. (NASDAQ:EBAY) in the second quarter, HoldingsChannel reports. The firm acquired 1,874,240 shares of the e-commerce company’s stock, valued at approximately $209,446,000.

A number of other institutional investors also recently made changes to their positions in EBAY. BlackRock Inc. bought a new stake in eBay during the 2nd quarter valued at $4,406,897,000. Legal & General Group Plc bought a new stake in eBay in the 2nd quarter worth $506,653,000. Bank of New York Mellon Corp bought a new stake in eBay in the 2nd quarter worth $282,479,000. Altshuler Shaham Ltd increased its position in shares of eBay by 4,452,655.3% in the fourth quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock valued at $182,282,000 after acquiring an additional 2,092,748 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of eBay in the second quarter valued at about $222,680,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In related 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 value of $1,205,990.50. Following the sale, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at $27,486,054.05. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the firm’s stock in a transaction 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 transaction, the senior vice president directly owned 35,546 shares of the company’s stock, valued at $3,604,008.94. This represents a 2.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,126 shares of company stock worth $4,087,886 over the last ninety days. 0.67% of the stock is owned by corporate insiders.

eBay Price Performance

EBAY stock opened at $106.00 on Wednesday. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31. The company has a market cap of $47.17 billion, a P/E ratio of 21.95, a PEG ratio of 2.59 and a beta of 1.37. The firm has a 50-day moving average of $110.01 and a 200 day moving average of $102.62. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share 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 analysts’ expectations of $3.01 billion. During the same period in the previous year, the firm posted $1.37 EPS. The business’s revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, sell-side analysts forecast that eBay Inc. will post 4.86 EPS for the current year.

eBay Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.2%. eBay’s payout ratio is currently 25.67%.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $124.00 target price on shares of eBay in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on eBay from $87.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Citizens Jmp lowered eBay from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $115.00 price objective on shares of eBay in a report on Monday, August 3rd. Finally, Benchmark lifted their price objective on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $117.24.

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.