Jupiter Topco LLC Makes New Investment in eBay Inc. $EBAY

Jupiter Topco LLC bought a new position in eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 817,341 shares of the e-commerce company’s stock, valued at approximately $91,338,000. Jupiter Topco LLC owned approximately 0.18% of eBay as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EFG International AG purchased a new stake in eBay in the 2nd quarter worth $206,000. Primecap Management Co. CA purchased a new stake in shares of eBay in the second quarter worth about $209,446,000. Canada Pension Plan Investment Board bought a new position in eBay during the second quarter valued at approximately $135,204,000. Legal & General Group Plc purchased a new position in eBay during the 2nd quarter valued at approximately $506,653,000. Finally, The Manufacturers Life Insurance Company bought a new stake in eBay in the 2nd quarter worth approximately $26,688,000. Institutional investors own 87.48% of the company’s stock.

Insider Activity

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the transaction, the senior vice president directly owned 35,546 shares in the company, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 253,211 shares in the company, valued at $27,486,054.05. This represents a 4.20% 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. Over the last ninety days, insiders sold 37,126 shares of company stock valued at $4,087,886. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of eBay from $87.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Needham & Company LLC upped their price objective on eBay from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wedbush raised their price objective on eBay from $135.00 to $137.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. President Capital lifted their target price on eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Evercore set a $96.00 target price on eBay in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $117.24.

eBay Stock Down 1.7%

Shares of NASDAQ:EBAY opened at $104.20 on Thursday. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31. The business has a 50 day simple moving average of $109.94 and a two-hundred day simple moving average of $102.74. The firm has a market capitalization of $46.37 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.57 and a beta of 1.37. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02.

eBay (NASDAQ:EBAY) last issued 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. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities analysts predict that eBay Inc. will post 4.86 EPS for the current 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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s dividend payout ratio (DPR) is 25.67%.

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.