Yacktman Asset Management LP Trims Holdings in eBay Inc. $EBAY

Yacktman Asset Management LP trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,037,683 shares of the e-commerce company’s stock after selling 119,685 shares during the quarter. eBay comprises about 2.0% of Yacktman Asset Management LP’s holdings, making the stock its 18th biggest holding. Yacktman Asset Management LP owned 0.45% of eBay worth $151,726,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EBAY. Princeton Global Asset Management LLC grew its position in eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in eBay during the 1st quarter valued at about $26,000. GFG Capital LLC bought a new position in eBay during the 2nd quarter valued at about $28,000. Hantz Financial Services Inc. lifted its stake in eBay by 153.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock valued at $34,000 after acquiring an additional 273 shares during the period. Finally, Private Wealth Asset Management LLC lifted its stake in eBay by 1,470.6% during the 2nd quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock valued at $40,000 after acquiring an additional 500 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Down 0.8%

eBay stock opened at $81.01 on Thursday. The firm has a 50 day moving average of $91.11 and a 200 day moving average of $83.20. The firm has a market capitalization of $37.02 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 2.39 and a beta of 1.31. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

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

eBay Dividend Announcement

The company 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. This represents a $1.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 28th. eBay’s dividend payout ratio is currently 25.22%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 4,439 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total transaction of $397,423.67. Following the completion of the sale, the senior vice president directly owned 93,392 shares of the company’s stock, valued at $8,361,385.76. This trade represents a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $91.76, for a total transaction of $662,598.96. Following the sale, the chief executive officer directly owned 250,223 shares of the company’s stock, valued at approximately $22,960,462.48. This trade represents a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,791 shares of company stock valued at $1,897,320 in the last three months. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EBAY has been the topic of several research analyst reports. Susquehanna upped their target price on shares of eBay from $70.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of eBay from $96.00 to $100.00 in a research note on Thursday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of eBay from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Citizens Jmp upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Friday, October 24th. Finally, BMO Capital Markets increased their price objective on shares of eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.52.

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.