Manning & Napier Advisors LLC Lowers Holdings in eBay Inc. $EBAY

Manning & Napier Advisors LLC lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 52.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,599 shares of the e-commerce company’s stock after selling 70,912 shares during the period. Manning & Napier Advisors LLC’s holdings in eBay were worth $5,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EBAY. Miracle Mile Advisors LLC increased its position in eBay by 0.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 29,151 shares of the e-commerce company’s stock valued at $2,651,000 after purchasing an additional 118 shares during the period. Garrett Wealth Advisory Group LLC lifted its position in shares of eBay by 3.8% in the 2nd quarter. Garrett Wealth Advisory Group LLC now owns 3,278 shares of the e-commerce company’s stock worth $244,000 after purchasing an additional 119 shares during the period. Groupe la Francaise boosted its stake in shares of eBay by 8.2% during the second quarter. Groupe la Francaise now owns 1,621 shares of the e-commerce company’s stock valued at $121,000 after purchasing an additional 123 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of eBay by 7.7% during the second quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock valued at $129,000 after purchasing an additional 124 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in eBay by 9.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock valued at $124,000 after buying an additional 137 shares during the period. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Up 0.1%

Shares of NASDAQ:EBAY opened at $94.42 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15. The stock has a market cap of $42.68 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.20 and a beta of 1.35. The business has a 50-day moving average price of $85.05 and a 200-day moving average price of $87.55.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share 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 company 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 company earned $1.19 EPS. eBay’s quarterly 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. Equities analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s dividend payout ratio is presently 25.22%.

Insider Activity at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of eBay stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $82.67, for a total transaction of $71,509.55. Following the completion of the transaction, the senior vice president directly owned 4,733 shares in the company, valued at approximately $391,277.11. This trade represents a 15.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,920 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total value of $157,248.00. Following the completion of the transaction, the senior vice president directly owned 5,746 shares of the company’s stock, valued at $470,597.40. The trade was a 25.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,675 shares of company stock worth $4,388,825 in the last three months. Company insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. BNP Paribas initiated coverage on eBay in a research note on Monday, November 24th. They set a “hold” rating on the stock. Wells Fargo & Company increased their price target on eBay from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Sanford C. Bernstein set a $90.00 price target on eBay in a report on Friday, October 31st. Finally, Needham & Company LLC boosted their price target on eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $95.31.

About eBay

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.