Vest Financial LLC Has $57.72 Million Stock Position in eBay Inc. $EBAY

Vest Financial LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 634,618 shares of the e-commerce company’s stock after selling 11,697 shares during the period. Vest Financial LLC owned about 0.14% of eBay worth $57,719,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EBAY. Verdence Capital Advisors LLC boosted its holdings in eBay by 71.2% during the second quarter. Verdence Capital Advisors LLC now owns 17,447 shares of the e-commerce company’s stock valued at $1,299,000 after purchasing an additional 7,256 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of eBay in the 3rd quarter valued at approximately $770,000. Teacher Retirement System of Texas grew its stake in eBay by 2.0% in the second quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock valued at $12,736,000 after acquiring an additional 3,374 shares during the period. Savant Capital LLC raised its stake in shares of eBay by 19.4% in the 2nd quarter. Savant Capital LLC now owns 24,229 shares of the e-commerce company’s stock valued at $1,804,000 after purchasing an additional 3,933 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of eBay by 13.7% in the third quarter. Cerity Partners LLC now owns 131,693 shares of the e-commerce company’s stock worth $11,977,000 after purchasing an additional 15,818 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EBAY. Wedbush raised their target price on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. BNP Paribas Exane assumed coverage on shares of eBay in a research report on Monday, November 24th. They issued a “neutral” rating for the company. JMP Securities upgraded shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price objective on the stock in a research note on Friday, October 24th. Daiwa Capital Markets dropped their target price on shares of eBay from $99.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on eBay from $96.00 to $100.00 in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $95.52.

Insiders Place Their Bets

In other eBay news, SVP Mazen Rawashdeh sold 1,920 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total value of $157,248.00. Following the transaction, the senior vice president owned 5,746 shares in the company, valued at approximately $470,597.40. This represents a 25.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 2,896 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $82.44, for a total transaction of $238,746.24. Following the completion of the transaction, the senior vice president directly owned 55,990 shares in the company, valued at approximately $4,615,815.60. The trade was a 4.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 53,675 shares of company stock valued at $4,388,825 in the last 90 days. Company insiders own 0.64% of the company’s stock.

eBay Price Performance

EBAY stock opened at $90.70 on Wednesday. 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 52-week low of $58.71 and a 52-week high of $101.15. The company has a market capitalization of $41.00 billion, a P/E ratio of 19.72, a PEG ratio of 2.16 and a beta of 1.35. The company has a fifty day moving average price of $85.77 and a 200-day moving average price of $88.12.

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

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. eBay’s dividend payout ratio (DPR) is 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.