Formuepleje A S Sells 110,324 Shares of eBay Inc. $EBAY

Formuepleje A S trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 92.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,256 shares of the e-commerce company’s stock after selling 110,324 shares during the quarter. Formuepleje A S’s holdings in eBay were worth $1,034,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

EBAY has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $127.00 price objective on shares of eBay in a research report on Thursday, August 6th. Robert W. Baird set a $126.00 target price on shares of eBay in a research report on Thursday, August 6th. Susquehanna reaffirmed a “neutral” rating on shares of eBay in a report on Friday, August 7th. Weiss Ratings downgraded eBay from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. Finally, Citigroup upped their price target on eBay from $127.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $117.24.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the sale, the chief executive officer owned 253,211 shares of the company’s stock, valued at approximately $27,486,054.05. This represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction that occurred on 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 in the company, valued at $3,485,775.24. This represents a 5.64% 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 sold 26,016 shares of company stock valued at $2,870,341 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

eBay Price Performance

eBay stock opened at $103.41 on Monday. The firm has a 50 day simple moving average of $109.47 and a 200 day simple moving average of $103.76. 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 Inc. has a 1-year low of $78.03 and a 1-year high of $119.31. The firm has a market capitalization of $46.02 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 2.75 and a beta of 1.34.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, analysts predict that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Announces Dividend

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

eBay 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.