Birmingham Capital Management Co. Inc. AL Buys New Shares in eBay Inc. $EBAY

Birmingham Capital Management Co. Inc. AL purchased a new position in eBay Inc. (NASDAQ:EBAY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,800 shares of the e-commerce company’s stock, valued at approximately $648,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of eBay during the second quarter worth about $4,406,897,000. Legal & General Group Plc purchased a new position in eBay in the 2nd quarter worth approximately $506,653,000. Bank of New York Mellon Corp purchased a new position in eBay in the 2nd quarter worth approximately $282,479,000. Altshuler Shaham Ltd lifted its holdings in eBay by 4,452,655.3% in the 4th quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock worth $182,282,000 after purchasing an additional 2,092,748 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in eBay in the 2nd quarter worth approximately $222,680,000. 87.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EBAY. Barclays increased their price objective on shares of eBay from $114.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Needham & Company LLC upped their target price on shares of eBay from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Piper Sandler restated an “overweight” rating and set a $133.00 target price (up from $115.00) on shares of eBay in a research report on Thursday, August 6th. UBS Group raised their target price on shares of eBay from $107.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group set a $145.00 price target on shares of eBay in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.24.

eBay Stock Down 1.7%

NASDAQ EBAY opened at $104.20 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $46.37 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.57 and a beta of 1.37. eBay Inc. has a one year low of $78.03 and a one year high of $119.31. The stock has a 50 day moving average price of $109.94 and a 200-day moving average price of $102.74.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.10. The company had revenue of $3.13 billion for 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 quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, equities analysts predict that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Announces Dividend

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

Insider Activity

In related news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of the transaction, the chief executive officer owned 253,211 shares in the company, valued at approximately $27,486,054.05. This trade represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $3,485,775.24. The trade was a 5.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 37,126 shares of company stock worth $4,087,886. 0.67% of the stock is currently owned by corporate insiders.

eBay Profile

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.