eBay Inc. $EBAY Holdings Cut by Lindsell Train Ltd

Lindsell Train Ltd cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,052,401 shares of the e-commerce company’s stock after selling 63,600 shares during the period. eBay makes up 4.8% of Lindsell Train Ltd’s investment portfolio, making the stock its 9th biggest holding. Lindsell Train Ltd owned 0.24% of eBay worth $111,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of eBay in the second quarter valued at approximately $4,406,897,000. Legal & General Group Plc purchased a new stake in shares of eBay during the second quarter worth approximately $506,653,000. Bank of America Corp DE acquired a new stake in shares of eBay during the second quarter worth $405,182,000. Bank of New York Mellon Corp acquired a new stake in shares of eBay during the second quarter worth $282,479,000. Finally, Nykredit A S acquired a new stake in shares of eBay during the second quarter worth $256,983,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EBAY shares. Cantor Fitzgerald lowered their price objective on shares of eBay from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Truist Financial upped their price objective on shares of eBay from $115.00 to $133.00 and gave the stock a “hold” rating in a research report on Thursday, October 29th. Wells Fargo & Company upgraded shares of eBay from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $91.00 to $106.00 in a research note on Thursday, October 29th. William Blair started coverage on shares of eBay in a report on Thursday, October 29th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird set a $135.00 price target on shares of eBay in a research note on Thursday, October 29th. Seventeen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.52.

eBay Stock Down 1.4%

eBay stock opened at $123.35 on Friday. The stock’s 50 day moving average price is $112.16 and its 200 day moving average price is $104.41. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $127.74. The company has a market cap of $54.15 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 2.99 and a beta of 1.30. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.78.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. eBay had a return on equity of 49.20% and a net margin of 16.84%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the prior year, the business posted $1.36 earnings per share. eBay’s revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts predict that eBay Inc. will post 4.75 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a $0.31 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.24 annualized dividend and a dividend yield of 1.0%. eBay’s dividend payout ratio (DPR) is 27.07%.

Key Stories Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Argus raised its price target to $138 from $133 and maintained a Buy rating, signaling continued analyst confidence in eBay’s outlook. Tickerreport article
• Positive Sentiment: eBay is lowering Depop shipping rates and adding delivery features. The changes may improve affordability and convenience for buyers and sellers, although the financial impact is not yet clear. Yahoo Finance article
• Positive Sentiment: Nissan is beginning to sell factory parts through eBay Canada, with local dealers handling orders. The partnership could add product selection and attract customers seeking genuine parts. MSN article
• Neutral Sentiment: Coverage highlighted eBay’s push into livestream shopping and a reported $59.7 million AI-supercomputer listing or sale. These point to the platform’s range and potential, but appear to be early-stage or unusual examples rather than evidence of a material, recurring revenue contribution. Inc. article Yahoo Tech article

Insider Activity

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $107.08, for a total transaction of $1,189,658.80. Following the transaction, the chief executive officer directly owned 226,269 shares in the company, valued at approximately $24,228,884.52. This represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the transaction, the senior vice president directly owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This trade represents a 2.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,234 shares of company stock valued at $2,429,577 in the last quarter. Company insiders own 0.67% of the company’s stock.

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.