Tocqueville Asset Management L.P. Invests $8.65 Million in eBay Inc. $EBAY

Tocqueville Asset Management L.P. acquired a new position in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 77,426 shares of the e-commerce company’s stock, valued at approximately $8,652,000.

Other hedge funds also recently added to or reduced their stakes in the company. Addison Advisors LLC purchased a new position in eBay in the 2nd quarter valued at approximately $50,000. West Family Investments Inc. acquired a new position in eBay in the 2nd quarter valued at about $217,000. Knuff & Co LLC acquired a new position in shares of eBay in the second quarter valued at approximately $78,000. NewEdge Wealth LLC acquired a new position in eBay in the 2nd quarter valued at $82,429,000. Finally, Great Lakes Advisors LLC purchased a new position in shares of eBay during the 2nd quarter worth $1,412,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Nicolaus set a $98.00 price objective on eBay in a research report on Thursday, April 30th. Citizens Jmp lowered shares of eBay from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Piper Sandler reissued an “overweight” rating and issued a $133.00 target price (up from $115.00) on shares of eBay in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $124.00 price target on shares of eBay in a report on Monday, May 4th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $115.00 target price on shares of eBay in a research report on Monday, August 3rd. Fourteen 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $117.09.

Insider Activity

In related news, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the transaction, the senior vice president directly owned 34,533 shares of the company’s stock, valued at $3,769,967.61. This represents a 2.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 86,112 shares of company stock worth $9,837,076. 0.67% of the stock is currently owned by company insiders.

eBay Trading Up 0.4%

NASDAQ:EBAY opened at $102.64 on Thursday. The business’s 50-day moving average is $110.31 and its two-hundred day moving average is $102.20. The firm has a market capitalization of $45.67 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.37. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02.

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

eBay Dividend Announcement

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

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.