Hohimer Wealth Management LLC Makes New $6.19 Million Investment in eBay Inc. $EBAY

Hohimer Wealth Management LLC bought a new stake in eBay Inc. (NASDAQ:EBAY) during the third quarter, Holdings Channel.com reports. The fund bought 58,378 shares of the e-commerce company’s stock, valued at approximately $6,191,000.

Several other hedge funds have also bought and sold shares of the stock. Cedar Mountain Advisors LLC lifted its holdings in shares of eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 156 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in eBay in the first quarter worth $26,000. John Boyer Inc. purchased a new position in eBay in the third quarter worth $26,000. Compass Financial Management LLC bought a new position in eBay in the second quarter valued at $28,000. Finally, Field & Main Bank bought a new position in eBay in the second quarter valued at $31,000. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Jordan Sweetnam sold 1,014 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $107.08, for a total transaction of $1,189,658.80. Following the completion of the transaction, the chief executive officer owned 226,269 shares in the company, valued at approximately $24,228,884.52. The trade was a 4.68% 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 90 days, insiders have sold 23,234 shares of company stock worth $2,429,577. Company insiders own 0.67% of the company’s stock.

eBay Price Performance

EBAY stock opened at $121.96 on Monday. The firm’s 50-day moving average price is $112.55 and its two-hundred day moving average price is $104.57. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $127.74. The stock has a market capitalization of $53.54 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 2.91 and a beta of 1.29. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.12 billion. eBay had a return on equity of 49.20% and a net margin of 16.84%. eBay’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. As a group, equities analysts predict that eBay Inc. will post 4.75 earnings per share for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, December 4th. eBay’s payout ratio is 27.07%.

Key Stories Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Argus raised its price target to $138 from $133 and reiterated a Buy rating. The higher target signals increased analyst optimism about eBay’s prospects. eBay Stock Price Target Raised at Argus
• Positive Sentiment: Depop is lowering shipping rates and adding delivery features. The changes could make the platform more attractive and convenient for buyers and sellers, supporting engagement across eBay’s marketplace portfolio. eBay trims Depop shipping rates, bolsters delivery features
• Positive Sentiment: Nissan is opening an eBay Canada storefront for factory parts, with local dealers handling orders. The partnership adds branded inventory and expands eBay’s usefulness as a parts marketplace. Nissan becomes first automaker to sell factory parts on eBay Canada
• Neutral Sentiment: eBay is making livestream shopping a strategic growth bet. The format could create another way to engage shoppers, but its eventual contribution to revenue and profitability remains uncertain. Why eBay Is Turning Livestream Shopping Into Its Next Big Bet

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EBAY. Truist Financial lifted their price target on eBay from $115.00 to $133.00 and gave the stock a “hold” rating in a research note on Thursday, October 29th. Citigroup increased their price objective on eBay from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Benchmark raised their price objective on eBay from $115.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Arete Research decreased their price objective on eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, September 24th. Finally, Morgan Stanley boosted their target price on eBay from $132.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Seventeen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $123.52.

About eBay

eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.

Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.

eBay serves customers and businesses in markets around the world.