Daiwa Securities Group Inc. Lowers Stock Holdings in eBay Inc. $EBAY

Daiwa Securities Group Inc. cut its position in eBay Inc. (NASDAQ:EBAY) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,887 shares of the e-commerce company’s stock after selling 7,043 shares during the quarter. Daiwa Securities Group Inc.’s holdings in eBay were worth $11,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in eBay in the 2nd quarter worth approximately $587,000. Ossiam lifted its holdings in shares of eBay by 64.8% during the 2nd quarter. Ossiam now owns 44,998 shares of the e-commerce company’s stock worth $3,351,000 after acquiring an additional 17,700 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of eBay by 5.4% during the 2nd quarter. California Public Employees Retirement System now owns 876,646 shares of the e-commerce company’s stock worth $65,275,000 after acquiring an additional 45,010 shares during the last quarter. Cerity Partners LLC grew its position in eBay by 6.9% in the second quarter. Cerity Partners LLC now owns 115,875 shares of the e-commerce company’s stock worth $8,628,000 after acquiring an additional 7,488 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in eBay by 2.9% in the second quarter. Federated Hermes Inc. now owns 690,560 shares of the e-commerce company’s stock valued at $51,419,000 after acquiring an additional 19,220 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EBAY. Wells Fargo & Company upped their price objective on shares of eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Cowen restated a “hold” rating on shares of eBay in a report on Monday, October 20th. Benchmark boosted their price target on eBay from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Jefferies Financial Group upped their target price on eBay from $60.00 to $65.00 and gave the company an “underperform” rating in a report on Friday, October 17th. Finally, Truist Financial raised their price target on eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $94.69.

Insiders Place Their Bets

In other news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the transaction, the senior vice president directly owned 2,862 shares of the company’s stock, valued at $233,367.48. This represents a 92.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total value of $170,582.10. Following the completion of the sale, the senior vice president owned 3,824 shares of the company’s stock, valued at $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 57,102 shares of company stock worth $4,777,385 over the last three months. Company insiders own 0.64% of the company’s stock.

eBay Stock Performance

Shares of EBAY stock opened at $82.63 on Thursday. The company has a market capitalization of $37.35 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. eBay Inc. has a one year low of $58.71 and a one year high of $101.15. The company’s 50-day moving average is $87.01 and its 200 day moving average is $85.58.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm posted $1.19 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. Sell-side analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. eBay’s dividend payout ratio (DPR) is presently 25.22%.

eBay Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.