Texas Capital Bank Wealth Management Services Inc Purchases New Shares in eBay Inc. $EBAY

Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 72,483 shares of the e-commerce company’s stock, valued at approximately $8,100,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of eBay in the second quarter valued at about $4,406,897,000. Bank of New York Mellon Corp acquired a new position in eBay during the 2nd quarter worth approximately $282,479,000. Altshuler Shaham Ltd increased its position in eBay by 4,452,655.3% during the 4th quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock worth $182,282,000 after purchasing an additional 2,092,748 shares during the period. Deutsche Bank AG purchased a new position in shares of eBay during the 2nd quarter worth approximately $222,680,000. Finally, Alyeska Investment Group L.P. raised its stake in shares of eBay by 214.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company’s stock worth $161,865,000 after buying an additional 1,267,601 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

eBay stock opened at $100.94 on Tuesday. The firm has a market capitalization of $44.92 billion, a PE ratio of 20.90, a P/E/G ratio of 2.49 and a beta of 1.37. eBay Inc. has a 52 week low of $78.03 and a 52 week high of $119.31. The firm’s 50-day simple moving average is $110.51 and its 200 day simple moving average is $102.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the firm posted $1.37 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities research analysts predict that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s payout ratio is currently 25.67%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wedbush restated an “outperform” rating and issued a $135.00 price target on shares of eBay in a research note on Thursday, August 6th. Rothschild & Co Redburn increased their price objective on eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. BNP Paribas Exane raised their target price on eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Daiwa Securities Group boosted their target price on shares of eBay from $90.00 to $114.00 in a research report on Monday, May 11th. Finally, BMO Capital Markets set a $145.00 price target on shares of eBay in a research note on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $117.09.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $109.59, for a total value of $1,217,544.90. Following the sale, the chief executive officer owned 280,204 shares of the company’s stock, valued at approximately $30,707,556.36. This represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total value of $5,852,000.00. Following the sale, the senior vice president owned 29,217 shares in the company, valued at approximately $3,419,557.68. This trade represents a 63.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 86,112 shares of company stock worth $9,837,076 in the last ninety days. Insiders own 0.67% of the company’s stock.

About eBay

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.