Thompson Investment Management Inc. Lowers Stake in eBay Inc. $EBAY

Thompson Investment Management Inc. cut its position in shares of eBay Inc. (NASDAQ:EBAY) by 17.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,165 shares of the e-commerce company’s stock after selling 20,581 shares during the quarter. eBay comprises 1.2% of Thompson Investment Management Inc.’s portfolio, making the stock its 25th biggest position. Thompson Investment Management Inc.’s holdings in eBay were worth $10,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd grew its stake in eBay by 4,452,655.3% during the fourth quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock worth $182,282,000 after buying an additional 2,092,748 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of eBay by 214.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company’s stock valued at $161,865,000 after acquiring an additional 1,267,601 shares in the last quarter. Pacer Advisors Inc. boosted its position in eBay by 3,248.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,256,975 shares of the e-commerce company’s stock worth $109,483,000 after purchasing an additional 1,219,439 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of eBay by 47.5% during the fourth quarter. Allianz Asset Management GmbH now owns 3,626,424 shares of the e-commerce company’s stock worth $315,862,000 after purchasing an additional 1,167,019 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of eBay in the fourth quarter worth about $98,728,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EBAY. Mizuho set a $110.00 target price on eBay in a report on Thursday, August 6th. Bank of America increased their price objective on shares of eBay from $102.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Jefferies Financial Group set a $145.00 target price on shares of eBay in a research 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 company a “buy” rating in a research note on Thursday, August 6th. Finally, BNP Paribas Exane lifted their price target on shares of eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Fourteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $117.00.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the transaction, the chief executive officer owned 253,211 shares of the company’s stock, valued at $27,486,054.05. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the transaction, the senior vice president owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. The trade was a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 87,122 shares of company stock worth $9,953,842 over the last quarter. 0.67% of the stock is owned by company insiders.

eBay Price Performance

EBAY opened at $102.31 on Thursday. The company has a market capitalization of $45.53 billion, a P/E ratio of 21.18, a PEG ratio of 2.55 and a beta of 1.37. The company has a 50-day moving average of $110.88 and a 200-day moving average of $101.92. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $119.31.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.10. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.eBay’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts expect that eBay Inc. will post 4.89 EPS for the current fiscal year.

eBay Dividend Announcement

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

About eBay

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.