Saudi Central Bank Buys 13,108 Shares of eBay Inc. $EBAY

Saudi Central Bank grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 78.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,792 shares of the e-commerce company’s stock after acquiring an additional 13,108 shares during the quarter. Saudi Central Bank’s holdings in eBay were worth $3,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Investment Management Inc. purchased a new stake in shares of eBay in the 2nd quarter worth about $7,929,000. Marvin & Palmer Associates Inc. purchased a new position in eBay in the second quarter worth about $3,989,000. Lombard Odier Asset Management Europe Ltd bought a new stake in eBay during the second quarter valued at approximately $23,393,000. Empowered Funds LLC bought a new stake in shares of eBay during the 2nd quarter valued at $16,967,000. Finally, Glenview Trust Co bought a new stake in eBay during the second quarter valued at about $1,544,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 253,211 shares of the company’s stock, valued at approximately $27,486,054.05. This represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,016 shares of company stock valued at $2,870,341 over the last quarter. 0.67% of the stock is currently owned by insiders.

eBay Stock Performance

NASDAQ EBAY opened at $103.41 on Tuesday. The company has a fifty day simple moving average of $109.32 and a two-hundred day simple moving average of $103.92. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. The stock has a market cap of $46.02 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.75 and a beta of 1.34.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, analysts forecast that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Announces Dividend

The business 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. 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 is 25.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EBAY shares. BMO Capital Markets set a $145.00 price objective on shares of eBay in a research note on Thursday, August 6th. Rothschild & Co Redburn lifted their price objective on eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Susquehanna reaffirmed a “neutral” rating on shares of eBay in a report on Friday, August 7th. Arete Research dropped their price objective on shares of eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $133.00 target price (up from $115.00) on shares of eBay in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $117.24.

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.