Goelzer Investment Management Inc. Acquires New Holdings in eBay Inc. $EBAY

Goelzer Investment Management Inc. bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,451 shares of the e-commerce company’s stock, valued at approximately $1,503,000.

Several other large investors have also recently made changes to their positions in the stock. Cedar Mountain Advisors LLC boosted its position in eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 156 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of eBay in the 1st quarter valued at about $26,000. Abound Financial LLC bought a new stake in shares of eBay in the 4th quarter valued at about $26,000. High Point Wealth Management LLC purchased a new position in shares of eBay in the 4th quarter worth approximately $26,000. Finally, Jessup Wealth Management Inc bought a new position in shares of eBay during the 4th quarter worth approximately $27,000. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Bank of America upped their price target on eBay from $102.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Wedbush reiterated an “outperform” rating and set a $135.00 price objective on shares of eBay in a report on Thursday, August 6th. Robert W. Baird set a $126.00 price objective on eBay in a research report on Thursday, August 6th. Finally, President Capital boosted their target price on eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Fourteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $117.00.

Insider Buying and Selling at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the sale, the senior vice president directly owned 34,533 shares of the company’s stock, valued at $3,769,967.61. This represents a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of the sale, the chief executive officer directly owned 253,211 shares in the company, valued at approximately $27,486,054.05. The trade was a 4.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 87,122 shares of company stock worth $9,953,842. Company insiders own 0.67% of the company’s stock.

eBay Trading Down 3.5%

NASDAQ EBAY opened at $102.31 on Thursday. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The company has a fifty day simple moving average of $110.88 and a two-hundred day simple moving average of $101.92. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. The stock has a market cap of $45.53 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.55 and a beta of 1.37.

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

eBay Dividend Announcement

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