Everett Harris & Co. CA Takes Position in eBay Inc. $EBAY

Everett Harris & Co. CA acquired a new position in eBay Inc. (NASDAQ:EBAY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,873 shares of the e-commerce company’s stock, valued at approximately $992,000.

Other large investors have also modified their holdings of the company. Guggenheim Capital LLC raised its holdings in eBay by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock worth $1,067,000 after acquiring an additional 988 shares during the period. Jump Financial LLC bought a new stake in eBay during the second quarter valued at about $275,000. NewEdge Advisors LLC boosted its holdings in eBay by 70.4% during the second quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company’s stock valued at $8,084,000 after acquiring an additional 44,851 shares during the period. Sei Investments Co. boosted its holdings in eBay by 48.7% during the second quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock valued at $35,111,000 after acquiring an additional 154,465 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of eBay by 26.3% in the second quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company’s stock valued at $24,250,000 after purchasing an additional 67,731 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Transactions at eBay

In related news, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the transaction, the senior vice president directly owned 32,124 shares in the company, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 firm’s 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 completion of the transaction, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at approximately $27,486,054.05. This trade represents a 4.20% 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. In the last quarter, insiders have sold 87,122 shares of company stock valued at $9,953,842. 0.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on EBAY. JPMorgan Chase & Co. lifted their price objective on eBay from $87.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Needham & Company LLC increased their target price on eBay from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $115.00 target price on shares of eBay in a report on Monday, August 3rd. BMO Capital Markets set a $145.00 price target on eBay in a research report on Thursday, August 6th. Finally, Daiwa Securities Group upped their price target on eBay from $90.00 to $114.00 in a report on Monday, May 11th. Fourteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $117.09.

eBay Stock Down 1.4%

Shares of EBAY opened at $103.14 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50-day simple moving average of $110.66 and a 200-day simple moving average of $102.00. eBay Inc. has a 52 week low of $78.03 and a 52 week high of $119.31. The firm has a market capitalization of $45.90 billion, a P/E ratio of 21.35, a P/E/G ratio of 2.52 and a beta of 1.37.

eBay (NASDAQ:EBAY) last released 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 return on equity of 47.88% and a net margin of 18.50%.The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the business earned $1.37 earnings per share. The firm’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. On average, equities research analysts expect that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued 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 of this dividend is Friday, August 28th. eBay’s dividend payout ratio (DPR) is presently 25.67%.

eBay Company 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.