eBay Inc. $EBAY Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC trimmed its stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 48.2% in the 3rd quarter, Holdings Channel reports. The firm owned 42,754 shares of the e-commerce company’s stock after selling 39,724 shares during the period. SteelPeak Wealth LLC’s holdings in eBay were worth $4,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of eBay in the second quarter worth about $4,406,897,000. Legal & General Group Plc bought a new stake in eBay in the 2nd quarter worth approximately $506,653,000. Bank of America Corp DE purchased a new stake in eBay during the second quarter valued at $405,182,000. Bank of New York Mellon Corp purchased a new stake in shares of eBay during the 2nd quarter valued at about $282,479,000. Finally, Nykredit A S purchased a new stake in eBay during the second quarter valued at approximately $256,983,000. Institutional investors own 87.48% of the company’s stock.

Key Stories Impacting eBay

Here are the key news stories impacting eBay this week:

eBay Stock Performance

Shares of NASDAQ EBAY opened at $120.28 on Friday. The stock has a market cap of $53.52 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.18 and a beta of 1.33. The company has a 50 day simple moving average of $107.47 and a two-hundred day simple moving average of $107.94. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $124.59. 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 – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS 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 company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company earned $1.37 earnings per share. The firm’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, analysts predict that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.0%. eBay’s dividend payout ratio is 25.67%.

Wall Street Analyst Weigh In

EBAY has been the subject of several analyst reports. Wedbush raised their target price on shares of eBay from $135.00 to $137.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Barclays increased their price target on eBay from $114.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of eBay from a “buy (b)” rating to a “buy (a-)” rating in a report on Tuesday. Robert W. Baird set a $126.00 target price on shares of eBay in a report on Thursday, August 6th. Finally, Benchmark upped their price target on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $115.24.

Read Our Latest Report on eBay

Insider Transactions at eBay

In related news, SVP Jordan Sweetnam sold 1,014 shares of the business’s 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 completion of the sale, the senior vice president owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their position. The sale was disclosed in a legal 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, CEO Jamie Iannone sold 11,110 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $107.08, for a total transaction of $1,189,658.80. Following the sale, the chief executive officer directly owned 226,269 shares of the company’s stock, valued at $24,228,884.52. This represents a 4.68% 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 have sold a total of 34,344 shares of company stock worth $3,635,567 over the last 90 days. Insiders own 0.67% of the company’s stock.

eBay Company Profile

(Free Report)

eBay Inc (NASDAQ: EBAY) operates a global online marketplace that connects millions of buyers and sellers. The platform enables individuals, small businesses and larger retailers to list and purchase new, used and refurbished merchandise across categories such as electronics, fashion, collectibles, automotive parts, home goods and industrial products.

The company generates revenue primarily through fees charged to sellers for listing and selling items, along with advertising services and other marketplace-related offerings.

See Also

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Free Report).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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