Conning Inc. Sells 152 Shares of eBay Inc. $EBAY

Conning Inc. reduced its stake in eBay Inc. (NASDAQ:EBAY) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,619 shares of the e-commerce company’s stock after selling 152 shares during the period. Conning Inc.’s holdings in eBay were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Independent Franchise Partners LLP grew its holdings in shares of eBay by 4.6% in the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock worth $791,714,000 after purchasing an additional 510,629 shares during the last quarter. Invesco Ltd. grew its holdings in shares of eBay by 8.0% in the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock worth $571,736,000 after purchasing an additional 627,823 shares during the last quarter. Northern Trust Corp grew its stake in eBay by 4.4% during the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after buying an additional 300,216 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of eBay by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock worth $417,021,000 after buying an additional 322,910 shares in the last quarter. Finally, Impax Asset Management Group plc increased its holdings in shares of eBay by 2,536.5% during the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company’s stock worth $239,037,000 after buying an additional 3,401,198 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 4,439 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the transaction, the senior vice president directly owned 93,392 shares in the company, valued at $8,361,385.76. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Julie A. Loeger sold 75,952 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $93.25, for a total value of $7,082,524.00. Following the transaction, the senior vice president owned 53,107 shares in the company, valued at approximately $4,952,227.75. This trade represents a 58.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,949 shares of company stock valued at $10,709,691. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a $92.00 price objective (up previously from $77.00) on shares of eBay in a report on Thursday, July 31st. Piper Sandler increased their price target on eBay from $74.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Susquehanna increased their target price on eBay from $70.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Needham & Company LLC raised their target price on eBay from $78.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen lowered eBay from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $81.29.

eBay Price Performance

eBay stock opened at $88.55 on Friday. The business’s 50-day simple moving average is $93.06 and its 200 day simple moving average is $79.75. The stock has a market cap of $40.47 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.13 and a beta of 1.31. eBay Inc. has a 12-month low of $56.33 and a 12-month high of $101.15. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.07. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay’s dividend payout ratio (DPR) is presently 25.55%.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.