Wealth Enhancement Advisory Services LLC Sells 18,568 Shares of eBay Inc. $EBAY

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,374 shares of the e-commerce company’s stock after selling 18,568 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in eBay were worth $16,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB lifted its position in eBay by 5.6% during the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after purchasing an additional 478,410 shares in the last quarter. Invesco Ltd. raised its stake in shares of eBay by 1.7% in the second quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock worth $638,983,000 after buying an additional 140,160 shares during the period. Impax Asset Management Group plc raised its stake in shares of eBay by 7.8% in the second quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock worth $282,838,000 after buying an additional 275,344 shares during the period. ABN AMRO Bank N.V. purchased a new position in shares of eBay during the 2nd quarter valued at about $235,149,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of eBay by 5.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,817,489 shares of the e-commerce company’s stock valued at $256,251,000 after acquiring an additional 157,537 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 4,462 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the sale, the senior vice president directly owned 91,921 shares in the company, valued at approximately $7,715,848.74. The trade was a 4.63% 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. Also, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $82.67, for a total value of $71,509.55. Following the transaction, the senior vice president directly owned 4,733 shares of the company’s stock, valued at approximately $391,277.11. The trade was a 15.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 53,675 shares of company stock valued at $4,388,825. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on EBAY. Evercore ISI increased their target price on shares of eBay from $90.00 to $93.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Cantor Fitzgerald upped their price target on shares of eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Daiwa Capital Markets decreased their price objective on shares of eBay from $99.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. The Goldman Sachs Group lowered their target price on shares of eBay from $78.00 to $77.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group upped their target price on shares of eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a report on Friday, October 17th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $95.66.

eBay Price Performance

EBAY stock opened at $93.88 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The company’s fifty day moving average price is $86.06 and its 200-day moving average price is $88.19. eBay Inc. has a one year low of $58.71 and a one year high of $101.15. The company has a market capitalization of $42.43 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. eBay’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. On average, equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Company 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.