Manning & Napier Advisors LLC Sells 7,037 Shares of eBay Inc. $EBAY

Manning & Napier Advisors LLC reduced its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,476 shares of the e-commerce company’s stock after selling 7,037 shares during the quarter. Manning & Napier Advisors LLC’s holdings in eBay were worth $4,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Abound Financial LLC bought a new stake in eBay during the 4th quarter valued at $26,000. High Point Wealth Management LLC bought a new position in shares of eBay in the fourth quarter worth $26,000. Jessup Wealth Management Inc bought a new position in shares of eBay in the fourth quarter worth $27,000. JPL Wealth Management LLC purchased a new position in shares of eBay in the third quarter valued at $28,000. Finally, JFS Wealth Advisors LLC grew its position in shares of eBay by 57.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 116 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and set a $115.00 price objective (up from $105.00) on shares of eBay in a research note on Thursday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $122.00 target price on shares of eBay in a report on Thursday, April 30th. Morgan Stanley upped their price target on eBay to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. TD Cowen increased their price target on shares of eBay from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Finally, Daiwa Securities Group raised their price objective on shares of eBay from $90.00 to $114.00 in a research report on Monday, May 11th. Thirteen equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $108.65.

Insider Buying and Selling at eBay

In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the sale, the senior vice president owned 32,124 shares of the company’s stock, valued at $3,485,775.24. The trade was a 5.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $113.33, for a total value of $1,259,096.30. Following the completion of the transaction, the chief executive officer owned 275,431 shares of the company’s stock, valued at $31,214,595.23. The trade was a 3.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 88,125 shares of company stock worth $9,963,512 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

eBay News Roundup

Here are the key news stories impacting eBay this week:

• Positive Sentiment: eBay was added to several Russell growth indexes, including the Russell Midcap Growth and Russell 1000 Growth benchmarks, which could boost institutional ownership and index-driven demand for the shares. eBay joins Russell Growth Indexes
• Positive Sentiment: Investor enthusiasm remains focused on eBay’s expansion of live shopping and AI-driven recommerce initiatives, including eBay Live and its investment in Fleek, which reinforce the company’s growth strategy. eBay expanding live shopping and investing in AI resale startup
• Positive Sentiment: Analysts are generally constructive into the report, with recent coverage highlighting eBay’s improving fundamentals and a favorable setup heading into Q2 earnings. Earnings Preview: What To Expect From eBay’s Report
• Neutral Sentiment: CEO Jamie Iannone sold shares under a pre-arranged trading plan, which is usually viewed as routine and not a strong signal about the company’s outlook. Jamie Iannone sells shares of eBay stock
• Neutral Sentiment: eBay’s addition to short-interest data did not show meaningful bearish pressure, with reported short interest effectively unchanged at zero shares.
• Neutral Sentiment: Wells Fargo slightly raised its price target on eBay but kept an equal-weight rating, suggesting a more cautious stance than the bullish headlines imply.

eBay Price Performance

EBAY stock traded down $0.13 during midday trading on Friday, reaching $117.20. The company had a trading volume of 2,224,609 shares, compared to its average volume of 2,933,482. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. eBay Inc. has a 1 year low of $75.78 and a 1 year high of $119.31. The company has a market capitalization of $52.04 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.59 and a beta of 1.37. The firm has a 50-day moving average price of $110.95 and a 200-day moving average price of $98.36.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.38 EPS. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. On average, research analysts anticipate that eBay Inc. will post 4.87 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. eBay’s dividend payout ratio is currently 28.12%.

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.