Louisiana State Employees Retirement System acquired a new stake in eBay Inc. (NASDAQ:EBAY – Free Report) in the first quarter, Holdings Channel reports. The firm acquired 23,000 shares of the e-commerce company’s stock, valued at approximately $2,093,000.
A number of other institutional investors also recently modified their holdings of EBAY. Abound Financial LLC bought a new position in shares of eBay during the 4th quarter worth approximately $26,000. High Point Wealth Management LLC bought a new stake in eBay in the 4th quarter worth about $26,000. Jessup Wealth Management Inc bought a new position in eBay during the fourth quarter valued at about $27,000. JPL Wealth Management LLC purchased a new stake in eBay in the 3rd quarter worth about $28,000. Finally, JFS Wealth Advisors LLC boosted its holdings in eBay by 57.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock worth $28,000 after buying an additional 116 shares during the period. 87.48% of the stock is owned by institutional investors.
eBay Trading Up 0.9%
NASDAQ:EBAY opened at $111.75 on Wednesday. The firm has a market capitalization of $49.62 billion, a P/E ratio of 25.34, a PEG ratio of 2.42 and a beta of 1.39. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. eBay Inc. has a one year low of $74.66 and a one year high of $119.31. The company’s 50-day simple moving average is $109.04 and its 200 day simple moving average is $96.71.
eBay Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay’s dividend payout ratio is currently 28.12%.
Key Headlines Impacting eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Coverage of scalpers listing hard-to-get items like GTA 6 pre-orders and Steam Machine reservations on eBay underscores the platform’s role in active consumer demand and resale activity, which can support transaction volume and user engagement. Article Title
- Positive Sentiment: More articles about GTA 6 listings on eBay suggest continued marketplace traffic and seller activity, reinforcing eBay’s position as a destination for collectibles and limited-release items. Article Title
- Positive Sentiment: GameStop’s reaffirmed takeover interest has put eBay in the spotlight and may be creating speculative interest around EBAY shares, even though eBay has not signaled any willingness to sell. Article Title
- Neutral Sentiment: A financial survey comparing eBay with another small-cap name appears informational rather than a direct catalyst for the stock. Article Title
- Negative Sentiment: Headlines about scalpers flooding eBay with overpriced GTA VI listings that fail to attract buyers could reflect consumer pushback against speculative resale activity, which may be a modest reputational negative for the marketplace. Article Title
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on EBAY. TD Cowen increased their price objective on eBay from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Evercore set a $96.00 price target on eBay in a report on Thursday, April 30th. BNP Paribas Exane boosted their price target on shares of eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Weiss Ratings reissued a “buy (b)” rating on shares of eBay in a report on Friday, June 12th. Finally, Susquehanna raised their price objective on shares of eBay from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Thirteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $108.61.
View Our Latest Stock Analysis on eBay
Insider Transactions at eBay
In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 12,113 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $100.36, for a total transaction of $1,215,660.68. Following the completion of the transaction, the senior vice president owned 30,835 shares of the company’s stock, valued at $3,094,600.60. This represents a 28.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 21,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $97.37, for a total value of $2,044,770.00. Following the transaction, the chief executive officer owned 352,653 shares of the company’s stock, valued at $34,337,822.61. This represents a 5.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 98,015 shares of company stock valued at $10,749,186 over the last 90 days. Company insiders own 0.67% of the company’s stock.
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.
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