Cornercap Investment Counsel Inc. Has $1.41 Million Stock Position in eBay Inc. $EBAY

Cornercap Investment Counsel Inc. lessened its stake in eBay Inc. (NASDAQ:EBAY) by 34.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,923 shares of the e-commerce company’s stock after selling 10,132 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in eBay were worth $1,409,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EBAY. First Horizon Advisors Inc. raised its stake in eBay by 31.9% during the second quarter. First Horizon Advisors Inc. now owns 7,180 shares of the e-commerce company’s stock worth $535,000 after acquiring an additional 1,738 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of eBay by 24.9% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 824,718 shares of the e-commerce company’s stock valued at $61,408,000 after purchasing an additional 164,434 shares in the last quarter. Crestwood Advisors Group LLC acquired a new stake in shares of eBay in the 2nd quarter valued at approximately $231,000. NewSquare Capital LLC boosted its stake in shares of eBay by 81.0% in the 2nd quarter. NewSquare Capital LLC now owns 713 shares of the e-commerce company’s stock valued at $53,000 after purchasing an additional 319 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of eBay by 1.8% in the 2nd quarter. Huntington National Bank now owns 19,947 shares of the e-commerce company’s stock valued at $1,485,000 after purchasing an additional 361 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $91.76, for a total value of $662,598.96. Following the sale, the chief executive officer directly owned 250,223 shares in the company, valued at $22,960,462.48. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mazen Rawashdeh sold 1,910 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the completion of the sale, the senior vice president owned 3,824 shares in the company, valued at $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,791 shares of company stock worth $1,897,320 over the last ninety days. Insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. The Goldman Sachs Group raised their price target on shares of eBay from $72.00 to $78.00 and gave the company a “sell” rating in a research note on Thursday, October 30th. Morgan Stanley raised their price target on shares of eBay from $89.00 to $102.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings restated a “buy (b)” rating on shares of eBay in a research note on Wednesday, October 8th. Finally, Arete Research upgraded shares of eBay from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average price target of $94.52.

eBay Stock Performance

NASDAQ:EBAY opened at $81.01 on Thursday. The stock has a market cap of $37.02 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The stock’s 50-day moving average is $91.11 and its 200-day moving average is $83.20. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15.

eBay (NASDAQ:EBAY) last released its quarterly earnings results 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. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share 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 issued a $0.29 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.16 annualized dividend and a yield of 1.4%. eBay’s dividend payout ratio is presently 25.22%.

eBay 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.