QRG Capital Management Inc. Cuts Stock Holdings in eBay Inc. $EBAY

QRG Capital Management Inc. reduced its stake in eBay Inc. (NASDAQ:EBAY) by 57.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,659 shares of the e-commerce company’s stock after selling 231,417 shares during the period. QRG Capital Management Inc.’s holdings in eBay were worth $15,430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EBAY. Parallel Advisors LLC boosted its stake in shares of eBay by 6.4% in the 2nd quarter. Parallel Advisors LLC now owns 7,887 shares of the e-commerce company’s stock valued at $587,000 after buying an additional 475 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in eBay by 0.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 62,175 shares of the e-commerce company’s stock worth $4,630,000 after acquiring an additional 416 shares during the last quarter. Swedbank AB grew its holdings in eBay by 1.9% during the 2nd quarter. Swedbank AB now owns 1,553,694 shares of the e-commerce company’s stock worth $115,688,000 after acquiring an additional 28,314 shares in the last quarter. Wedmont Private Capital increased its position in shares of eBay by 3.3% in the 2nd quarter. Wedmont Private Capital now owns 9,498 shares of the e-commerce company’s stock valued at $725,000 after purchasing an additional 303 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of eBay by 147.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 196,942 shares of the e-commerce company’s stock valued at $15,038,000 after purchasing an additional 117,490 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on EBAY. Sanford C. Bernstein set a $90.00 target price on eBay in a report on Friday, October 31st. Needham & Company LLC upped their price objective on eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Cowen reissued a “hold” rating on shares of eBay in a research report on Monday, October 20th. Mizuho initiated coverage on eBay in a research note on Monday, September 29th. They set a “neutral” rating and a $98.00 target price for the company. Finally, 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 note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $95.52.

eBay Trading Down 3.2%

EBAY opened at $93.03 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The business’s 50 day moving average is $85.54 and its two-hundred day moving average is $87.73. The firm has a market cap of $42.05 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.24 and a beta of 1.35.

eBay (NASDAQ:EBAY) last announced its 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. eBay had a net margin of 20.37% and a return on equity of 41.94%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the firm posted $1.19 earnings per share. The company’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. On average, research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s dividend payout ratio is presently 25.22%.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 2,896 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $82.44, for a total transaction of $238,746.24. Following the completion of the transaction, the senior vice president directly owned 55,990 shares in the company, valued at approximately $4,615,815.60. This trade represents a 4.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total transaction of $585,478.68. Following the completion of the sale, the chief executive officer directly owned 235,781 shares in the company, valued at $19,117,123.48. This trade represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 53,675 shares of company stock worth $4,388,825 in the last three months. Company insiders own 0.64% of the company’s stock.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.