Hohimer Wealth Management LLC Buys New Stake in eBay Inc. $EBAY

Hohimer Wealth Management LLC acquired a new position in eBay Inc. (NASDAQ:EBAY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 58,378 shares of the e-commerce company’s stock, valued at approximately $6,191,000.

Several other large investors have also modified their holdings of the company. Rakuten Investment Management Inc. acquired a new stake in eBay during the 2nd quarter valued at $7,929,000. Lombard Odier Asset Management Europe Ltd bought a new position in eBay during the second quarter worth $23,393,000. Marvin & Palmer Associates Inc. bought a new position in eBay during the second quarter worth $3,989,000. Empowered Funds LLC acquired a new position in shares of eBay in the second quarter valued at $16,967,000. Finally, Glenview Trust Co acquired a new position in shares of eBay in the second quarter valued at $1,544,000. 87.48% of the stock is owned by institutional investors.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $107.08, for a total value of $1,189,658.80. Following the transaction, the chief executive officer directly owned 226,269 shares of the company’s stock, valued at approximately $24,228,884.52. This trade represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of eBay 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 owned 35,546 shares of the company’s stock, valued at $3,604,008.94. This trade represents a 2.77% decrease in their position. 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 have sold a total of 23,234 shares of company stock worth $2,429,577 in the last three months. Insiders own 0.67% of the company’s stock.

eBay News Summary

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Argus raised its price target to $138 from $133 and reiterated a Buy rating. The higher target signals increased analyst optimism about eBay’s prospects. eBay Stock Price Target Raised at Argus
• Positive Sentiment: Depop is lowering shipping rates and adding delivery features. The changes could make the platform more attractive and convenient for buyers and sellers, supporting engagement across eBay’s marketplace portfolio. eBay trims Depop shipping rates, bolsters delivery features
• Positive Sentiment: Nissan is opening an eBay Canada storefront for factory parts, with local dealers handling orders. The partnership adds branded inventory and expands eBay’s usefulness as a parts marketplace. Nissan becomes first automaker to sell factory parts on eBay Canada
• Neutral Sentiment: eBay is making livestream shopping a strategic growth bet. The format could create another way to engage shoppers, but its eventual contribution to revenue and profitability remains uncertain. Why eBay Is Turning Livestream Shopping Into Its Next Big Bet

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of recent research reports. Arete Research lowered their price target on shares of eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, September 24th. Robert W. Baird set a $135.00 price objective on shares of eBay in a report on Thursday, October 29th. Truist Financial boosted their price objective on shares of eBay from $115.00 to $133.00 and gave the company a “hold” rating in a report on Thursday, October 29th. Sanford C. Bernstein increased their target price on shares of eBay from $115.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday, October 29th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of eBay in a report on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $123.52.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $121.96 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 0.78. eBay Inc. has a 52 week low of $78.03 and a 52 week high of $127.74. The firm has a market cap of $53.54 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.91 and a beta of 1.29. The firm’s fifty day moving average is $112.55 and its 200-day moving average is $104.57.

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

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.31 per share. 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 is currently 27.07%.

About eBay

eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.

Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.

eBay serves customers and businesses in markets around the world.