Rakuten Investment Management Inc. Takes $7.93 Million Position in eBay Inc. $EBAY

Rakuten Investment Management Inc. acquired a new stake in eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 71,562 shares of the e-commerce company’s stock, valued at approximately $7,929,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cedar Mountain Advisors LLC increased its position in eBay by 128.9% in the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after buying an additional 156 shares during the last quarter. Abound Financial LLC bought a new position in shares of eBay during the 4th quarter worth $26,000. Cassaday & Co Wealth Management LLC bought a new position in shares of eBay during the 1st quarter worth $26,000. Jessup Wealth Management Inc purchased a new stake in eBay in the 4th quarter worth about $27,000. Finally, Compass Financial Management LLC purchased a new stake in eBay in the 2nd quarter worth about $28,000. 87.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the sale, the chief executive officer owned 253,211 shares in the company, valued at approximately $27,486,054.05. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of eBay stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president directly owned 35,546 shares of the company’s stock, valued at $3,604,008.94. This represents a 2.77% 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 quarter, insiders have sold 37,126 shares of company stock worth $4,087,886. Corporate insiders own 0.67% of the company’s stock.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $105.62 on Friday. The company has a 50 day moving average of $109.77 and a 200 day moving average of $102.87. The stock has a market cap of $47.00 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.56 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 current ratio of 1.02, a quick 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, topping analysts’ consensus estimates of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. eBay’s revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, sell-side analysts forecast that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on EBAY. Benchmark upped their price objective on shares of eBay from $115.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Cantor Fitzgerald reduced their target price on shares of eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. BMO Capital Markets set a $145.00 price target on shares of eBay in a research report on Thursday, August 6th. President Capital upped their price target on shares of eBay from $102.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings downgraded shares of eBay from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average price target of $117.24.

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.