HF Advisory Group LLC Cuts Stock Holdings in eBay Inc. $EBAY

HF Advisory Group LLC trimmed its stake in eBay Inc. (NASDAQ:EBAY) by 39.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,438 shares of the e-commerce company’s stock after selling 6,853 shares during the period. HF Advisory Group LLC’s holdings in eBay were worth $949,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Independent Franchise Partners LLP increased 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 buying an additional 510,629 shares during the last quarter. Nordea Investment Management AB grew its position in eBay by 5.6% in the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock worth $674,061,000 after acquiring an additional 478,410 shares in the last quarter. Invesco Ltd. increased its stake in eBay by 1.7% in the second quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock valued at $638,983,000 after acquiring an additional 140,160 shares during the last quarter. Northern Trust Corp raised its position 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 valued at $481,525,000 after purchasing an additional 300,216 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 valued at $417,021,000 after purchasing an additional 322,910 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EBAY shares. Truist Financial increased their price objective on eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. Barclays increased their price target on shares of eBay from $92.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Daiwa Capital Markets lowered their price objective on shares of eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Stifel Nicolaus cut their price objective on shares of eBay from $89.00 to $88.00 in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of eBay from $96.00 to $100.00 in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $94.69.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 2,896 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $82.44, for a total transaction of $238,746.24. Following the transaction, the senior vice president directly owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. The trade was a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the transaction, the senior vice president owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. This represents a 4.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 59,998 shares of company stock worth $5,016,132 over the last three months. 0.64% of the stock is owned by corporate insiders.

eBay Trading Down 3.2%

NASDAQ:EBAY opened at $82.59 on Tuesday. The company has a fifty day moving average of $86.61 and a 200 day moving average of $85.92. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $37.33 billion, a P/E ratio of 17.95, a P/E/G ratio of 2.15 and a beta of 1.35.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. On average, research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, November 28th. eBay’s 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.