Lombard Odier Asset Management Europe Ltd Buys Shares of 209,337 eBay Inc. $EBAY

Lombard Odier Asset Management Europe Ltd purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 209,337 shares of the e-commerce company’s stock, valued at approximately $23,393,000. eBay accounts for about 0.1% of Lombard Odier Asset Management Europe Ltd’s investment portfolio, making the stock its 24th largest holding.

Several other hedge funds have also made changes to their positions in EBAY. Cedar Mountain Advisors LLC raised its stake in shares of eBay by 128.9% in the first 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 in the last quarter. Abound Financial LLC acquired a new position in shares of eBay during the fourth quarter worth about $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of eBay in the 1st quarter valued at $26,000. Jessup Wealth Management Inc purchased a new stake in shares of eBay during the 4th quarter worth $27,000. Finally, JPL Wealth Management LLC purchased a new position in eBay in the third quarter valued at $28,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EBAY shares. Rosenblatt Securities began coverage on eBay in a research report on Thursday, August 20th. They set a “buy” rating and a $120.00 price objective for the company. Mizuho set a $110.00 target price on shares of eBay in a report on Thursday, August 6th. Argus upgraded shares of eBay from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Friday, August 7th. Benchmark boosted their price target on shares of eBay from $115.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $115.00 price objective on shares of eBay in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $117.24.

eBay Stock Up 3.3%

Shares of NASDAQ:EBAY opened at $105.62 on Friday. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. The firm’s 50-day simple moving average is $109.77 and its 200-day simple moving average is $102.87. The company has a market cap of $47.00 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.48 and a beta of 1.37.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the company earned $1.37 earnings per share. eBay’s quarterly revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, equities research analysts predict that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced 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 yield of 1.2%. eBay’s dividend payout ratio is 25.67%.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the transaction, the chief executive officer directly owned 253,211 shares in the company, valued at $27,486,054.05. This represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 32,124 shares in the company, 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. In the last ninety days, insiders have sold 37,126 shares of company stock valued at $4,087,886. Insiders own 0.67% of the company’s stock.

About eBay

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.