Freestone Grove Partners LP Makes New Investment in eBay Inc. $EBAY

Freestone Grove Partners LP bought a new stake in eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, Holdings Channel reports. The firm bought 22,487 shares of the e-commerce company’s stock, valued at approximately $2,513,000.

Several other hedge funds have also made changes to their positions in EBAY. Allworth Financial LP increased its stake in eBay by 62.6% in the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock valued at $2,013,000 after purchasing an additional 8,899 shares in the last quarter. North Dakota State Investment Board acquired a new stake in shares of eBay in the 4th quarter valued at about $1,809,000. Legal & General Group Plc bought a new stake in eBay in the 2nd quarter valued at approximately $506,653,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of eBay in the fourth quarter worth $9,368,000. Finally, Jefferies Financial Group Inc. bought a new stake in eBay during the 4th quarter worth about $1,209,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the business’s stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the transaction, the senior vice president owned 32,124 shares in the company, valued at $3,485,775.24. This trade represents a 5.64% decrease in their ownership of the stock. 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 37,126 shares of company stock worth $4,087,886 in the last 90 days. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EBAY shares. Arete Research reduced their price target on eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Susquehanna reissued a “neutral” rating on shares of eBay in a report on Friday, August 7th. Truist Financial raised their target price on shares of eBay from $105.00 to $115.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. UBS Group boosted their target price on shares of eBay from $107.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $127.00 price target on shares of eBay in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have issued a Hold rating and two have assigned 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.

eBay Trading Up 3.3%

Shares of NASDAQ:EBAY opened at $105.62 on Friday. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The stock has a market cap of $47.00 billion, a PE ratio of 21.87, a P/E/G ratio of 2.48 and a beta of 1.37. The business has a 50 day moving average of $109.77 and a 200-day moving average of $102.87. The company has a quick ratio of 1.02, a current 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 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, equities research analysts forecast that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $0.31 dividend. 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 dividend payout ratio is currently 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.