Birmingham Capital Management Co. Inc. AL Makes New Investment in eBay Inc. $EBAY

Birmingham Capital Management Co. Inc. AL acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,800 shares of the e-commerce company’s stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Guggenheim Capital LLC grew its holdings in eBay by 7.4% during the 2nd quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock valued at $1,067,000 after purchasing an additional 988 shares during the last quarter. Jump Financial LLC bought a new stake in eBay in the second quarter worth about $275,000. NewEdge Advisors LLC boosted its position in shares of eBay by 70.4% during the second quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company’s stock valued at $8,084,000 after buying an additional 44,851 shares during the period. Sei Investments Co. boosted its position in shares of eBay by 48.7% during the second quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock valued at $35,111,000 after buying an additional 154,465 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of 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 buying an additional 67,731 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Down 1.7%

Shares of NASDAQ EBAY opened at $104.20 on Thursday. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The firm has a market capitalization of $46.37 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.57 and a beta of 1.37. 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 debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.eBay’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Sell-side analysts expect that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. eBay’s dividend payout ratio is presently 25.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EBAY. BMO Capital Markets set a $145.00 price target on eBay in a report on Thursday, August 6th. Sanford C. Bernstein restated a “market perform” rating and set a $115.00 price objective on shares of eBay in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on eBay from $87.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Rosenblatt Securities initiated coverage on eBay in a research note on Thursday, August 20th. They issued a “buy” rating and a $120.00 target price on the stock. Finally, Susquehanna reiterated a “neutral” rating on shares of eBay in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $117.24.

Insider Activity

In related news, CEO Jamie Iannone sold 11,110 shares of the business’s stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the sale, the senior vice president owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. This represents a 5.64% 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 90 days, insiders have sold 37,126 shares of company stock worth $4,087,886. Company insiders own 0.67% of the company’s stock.

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.