WT Wealth Management Buys New Position in eBay Inc. $EBAY

WT Wealth Management bought a new stake in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,468 shares of the e-commerce company’s stock, valued at approximately $1,822,000.

Other large investors also recently modified their holdings of the company. Princeton Global Asset Management LLC grew its stake in shares of eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in eBay in the 1st quarter valued at $26,000. GFG Capital LLC acquired a new stake in eBay in the 2nd quarter worth $28,000. Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of eBay by 155.3% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after purchasing an additional 250 shares during the period. Finally, Hantz Financial Services Inc. raised its position in shares of eBay by 153.4% during the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock valued at $34,000 after buying an additional 273 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mazen Rawashdeh sold 1,910 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total value of $170,582.10. Following the completion of the transaction, the senior vice president directly owned 3,824 shares in the company, valued at approximately $341,521.44. This represents a 33.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 57,102 shares of company stock worth $4,777,385. Corporate insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EBAY shares. Sanford C. Bernstein set a $90.00 target price on eBay in a research report on Friday, October 31st. Jefferies Financial Group lifted their price objective on eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a report on Friday, October 17th. Rothschild & Co Redburn cut their target price on eBay from $95.00 to $90.00 in a research note on Friday, November 7th. Cantor Fitzgerald raised their target price on eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Wells Fargo & Company boosted their price target on shares of eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus price target of $94.69.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $85.36 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. The business’s fifty day moving average price is $86.79 and its two-hundred day moving average price is $85.85. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The stock has a market capitalization of $38.58 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the company earned $1.19 EPS. The firm’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 and its Q4 2025 guidance at 1.310-1.360 EPS. As a group, analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s dividend payout ratio is currently 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.