NewEdge Advisors LLC Has $6.39 Million Stock Position in eBay Inc. $EBAY

NewEdge Advisors LLC cut its stake in eBay Inc. (NASDAQ:EBAY) by 43.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 70,250 shares of the e-commerce company’s stock after selling 54,098 shares during the quarter. NewEdge Advisors LLC’s holdings in eBay were worth $6,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Childress Capital Advisors LLC grew its position in eBay by 3.2% in the fourth quarter. Childress Capital Advisors LLC now owns 3,685 shares of the e-commerce company’s stock valued at $321,000 after acquiring an additional 114 shares during the period. Capital Asset Advisory Services LLC lifted its holdings in shares of eBay by 3.3% during the first quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company’s stock valued at $367,000 after acquiring an additional 129 shares during the period. Harfst & Associates Inc. lifted its holdings in shares of eBay by 0.6% during the fourth quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company’s stock valued at $1,956,000 after acquiring an additional 131 shares during the period. Commerce Bank boosted its stake in shares of eBay by 0.5% in the 4th quarter. Commerce Bank now owns 28,313 shares of the e-commerce company’s stock valued at $2,466,000 after purchasing an additional 132 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of eBay by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 8,336 shares of the e-commerce company’s stock valued at $726,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and set a $133.00 target price (up from $115.00) on shares of eBay in a research report on Thursday. Needham & Company LLC boosted their price target on shares of eBay from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Truist Financial upped their price objective on shares of eBay from $105.00 to $115.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of eBay in a report on Thursday, August 6th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $115.00 target price on shares of eBay in a research note on Monday, August 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $116.69.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of the sale, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at $27,486,054.05. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the sale, the senior vice president directly owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 87,122 shares of company stock worth $9,953,842. Insiders own 0.67% of the company’s stock.

eBay News Roundup

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Argus upgraded eBay, providing some support for the standalone investment case. However, the available report does not provide details on the firm’s rationale or price target. eBay upgraded at Argus
• Neutral Sentiment: GameStop is reportedly considering replacing its proposed takeover with a partnership or joint venture that would give eBay access to GameStop’s approximately 1,600 U.S. stores. Such an arrangement could create commercial opportunities, but analysts questioned whether it would deliver meaningful value comparable to a full acquisition. eBay may dodge a GameStop takeover
• Negative Sentiment: The potential withdrawal of GameStop’s $56 billion bid reduces the probability that eBay shareholders will receive a takeover premium. Investors therefore appear to be removing merger-related speculation from the valuation and refocusing on eBay’s standalone outlook. GameStop weighing withdrawal of eBay bid
• Negative Sentiment: eBay CEO Jamie Iannone sold 22,220 shares for approximately $2.4 million on August 5 and 6. While insider sales can reflect compensation, taxes, or personal portfolio decisions, the transaction may add to investor caution, particularly after reports that other eBay insiders have also been net sellers. eBay CEO Jamie Iannone sells shares
• Negative Sentiment: Analyst sentiment remains mixed: eBay carries a consensus “Hold” rating, while Cantor Fitzgerald recently reduced its price target to $106, close to the stock’s reported trading level. This limits additional valuation support if takeover hopes fade. eBay consensus analyst rating

eBay Stock Performance

eBay stock opened at $107.71 on Tuesday. The company has a market cap of $47.82 billion, a PE ratio of 22.30, a PEG ratio of 2.69 and a beta of 1.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31. The company’s 50-day moving average is $111.07 and its two-hundred day moving average is $101.77.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. eBay’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts anticipate that eBay Inc. will post 4.89 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, August 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. eBay’s payout ratio is presently 25.67%.

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.