eBay Inc. $EBAY Stock Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its holdings in eBay Inc. (NASDAQ:EBAY) by 2,568.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,000 shares of the e-commerce company’s stock after buying an additional 134,754 shares during the period. Jefferies Financial Group Inc.’s holdings in eBay were worth $14,847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Rakuten Investment Management Inc. bought a new position in eBay in the 2nd quarter valued at $7,929,000. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of eBay during the 2nd quarter valued at $23,393,000. Marvin & Palmer Associates Inc. purchased a new stake in shares of eBay during the 2nd quarter valued at $3,989,000. Empowered Funds LLC purchased a new stake in shares of eBay during the 2nd quarter valued at $16,967,000. Finally, Glenview Trust Co bought a new stake in shares of eBay during the 2nd quarter worth $1,544,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $122.98, for a total value of $1,366,307.80. Following the completion of the transaction, the chief executive officer directly owned 204,049 shares in the company, valued at approximately $25,093,946.02. The trade was a 5.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of eBay stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares of the company’s stock, valued at $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 $3,795,885 over the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

More eBay News

Here’s some of the latest news about EBAY:

• Positive Sentiment: eBay is using AI to take on more of the work involved in selling, which could make listing and managing items easier for sellers and support marketplace activity. eBay is letting AI do the heavy lifting for sellers on the site
• Positive Sentiment: Archival fashion listings and prices are climbing, a sign of interest in resale categories that could benefit eBay’s marketplace. eBay sees archival fashion listings, prices climb
• Neutral Sentiment: eBay’s SEMA car-collection launch adds a promotional angle in the auto category, but the coverage frames it as a valuation question rather than demonstrating a material financial contribution. Is eBay (EBAY) Undervalued After Its SEMA Car Collection Launch?

eBay Trading Down 0.7%

Shares of eBay stock opened at $122.68 on Thursday. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $127.74. The stock’s 50-day simple moving average is $113.61 and its 200 day simple moving average is $105.00. The stock has a market capitalization of $53.86 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.93 and a beta of 1.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 0.78.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 49.20%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $1.36 earnings per share. As a group, research analysts anticipate that eBay Inc. will post 4.79 EPS for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 annualized dividend and a dividend yield of 1.0%. eBay’s payout ratio is 27.07%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Arete Research cut their price target on shares of eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, September 24th. Erste Group Bank started coverage on shares of eBay in a research report on Wednesday, October 21st. They set a “buy” rating for the company. Weiss Ratings downgraded shares of eBay from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, October 28th. BTIG Research initiated coverage on shares of eBay in a research report on Thursday, October 29th. They issued a “buy” rating on the stock. Finally, Susquehanna boosted their target price on shares of eBay from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. Seventeen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $123.52.

About eBay

eBay Inc. operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts. Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace. eBay serves customers and businesses in markets around the world.