Spire Wealth Management Has $153,000 Stock Holdings in eBay Inc. $EBAY

Spire Wealth Management increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1,071.0% in the second quarter, Holdings Channel.com reports. The firm owned 2,061 shares of the e-commerce company’s stock after buying an additional 1,885 shares during the quarter. Spire Wealth Management’s holdings in eBay were worth $153,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its position in eBay by 153.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 273 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in eBay during the 2nd quarter worth approximately $230,000. Daymark Wealth Partners LLC acquired a new position in eBay during the 2nd quarter worth approximately $200,000. Motley Fool Asset Management LLC increased its position in eBay by 6.1% during the 2nd quarter. Motley Fool Asset Management LLC now owns 29,155 shares of the e-commerce company’s stock worth $2,171,000 after purchasing an additional 1,687 shares in the last quarter. Finally, Liberty Wealth Management LLC acquired a new position in eBay in the 2nd quarter valued at approximately $257,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EBAY has been the subject of several recent research reports. Needham & Company LLC upped their price target on shares of eBay from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wells Fargo & Company upped their price target on shares of eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Wedbush upped their price target on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Mizuho initiated coverage on shares of eBay in a research report on Monday, September 29th. They issued a “neutral” rating and a $98.00 price target for the company. Finally, Stifel Nicolaus decreased their price target on shares of eBay from $89.00 to $88.00 in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $94.52.

Insider Buying and Selling

In related news, SVP Mazen Rawashdeh sold 1,910 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the transaction, the senior vice president directly owned 3,824 shares of the company’s stock, valued at $341,521.44. This represents a 33.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the transaction, the chief executive officer directly owned 246,812 shares in the company, valued at approximately $22,788,151.96. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,791 shares of company stock valued at $1,897,320 over the last ninety days. 0.64% of the stock is owned by corporate insiders.

eBay Trading Down 1.3%

EBAY opened at $81.68 on Wednesday. eBay Inc. has a twelve month low of $58.71 and a twelve 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. The company has a fifty day moving average of $91.37 and a 200-day moving average of $83.22. The stock has a market cap of $37.33 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.39 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company posted $1.19 earnings per share. eBay’s revenue for the quarter was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. On average, sell-side analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 annualized dividend and a yield of 1.4%. eBay’s dividend payout ratio is currently 25.22%.

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.