Meritage Portfolio Management Sells 10,459 Shares of eBay Inc. $EBAY

Meritage Portfolio Management lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 99,234 shares of the e-commerce company’s stock after selling 10,459 shares during the quarter. Meritage Portfolio Management’s holdings in eBay were worth $9,025,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EBAY. Versant Capital Management Inc raised its stake in shares of eBay by 28.1% in the third quarter. Versant Capital Management Inc now owns 2,198 shares of the e-commerce company’s stock valued at $200,000 after acquiring an additional 482 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of eBay during the third quarter valued at approximately $361,000. GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in shares of eBay during the third quarter valued at approximately $770,000. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of eBay by 2.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,519 shares of the e-commerce company’s stock valued at $1,502,000 after buying an additional 368 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of eBay by 7.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,141,778 shares of the e-commerce company’s stock worth $103,845,000 after buying an additional 81,050 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Truist Financial boosted their price objective on eBay from $86.00 to $92.00 and gave the company a “hold” rating in a report on Monday, November 3rd. Needham & Company LLC boosted their target price on shares of eBay from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Wells Fargo & Company upped their price target on shares of eBay from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Daiwa Capital Markets decreased their price objective on shares of eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, Mizuho began coverage on shares of eBay in a research report on Monday, September 29th. They issued a “neutral” rating and a $98.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $95.31.

Insider Activity at eBay

In related news, SVP Julie A. Loeger sold 2,896 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $82.44, for a total value of $238,746.24. Following the transaction, the senior vice president directly owned 55,990 shares of the company’s stock, valued at $4,615,815.60. This represents a 4.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 4,462 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the completion of the transaction, the senior vice president directly owned 91,921 shares in the company, valued at $7,715,848.74. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,675 shares of company stock worth $4,388,825 in the last 90 days. 0.64% of the stock is owned by insiders.

eBay Trading Up 0.1%

NASDAQ:EBAY opened at $94.42 on Thursday. The firm has a 50-day simple moving average of $85.05 and a 200-day simple moving average of $87.55. eBay Inc. has a one year low of $58.71 and a one year high of $101.15. The firm has a market cap of $42.68 billion, a P/E ratio of 20.53, a P/E/G ratio of 2.20 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 (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. During the same period in the previous year, the company posted $1.19 earnings per share. The firm’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. Equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $0.29 per share. 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 payout ratio is currently 25.22%.

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.