NewEdge Wealth LLC Makes New $82.43 Million Investment in eBay Inc. $EBAY

NewEdge Wealth LLC purchased a new position in eBay Inc. (NASDAQ:EBAY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 737,619 shares of the e-commerce company’s stock, valued at approximately $82,429,000. eBay accounts for approximately 0.8% of NewEdge Wealth LLC’s portfolio, making the stock its 25th largest position. NewEdge Wealth LLC owned approximately 0.17% of eBay at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in eBay by 62.6% during the 4th quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock worth $2,013,000 after acquiring an additional 8,899 shares during the period. North Dakota State Investment Board purchased a new position in shares of eBay during the 4th quarter valued at $1,809,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of eBay during the 4th quarter valued at $9,368,000. Jefferies Financial Group Inc. bought a new position in shares of eBay in the fourth quarter worth $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in shares of eBay by 904.3% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 283,215 shares of the e-commerce company’s stock worth $24,668,000 after purchasing an additional 255,015 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Up 0.4%

Shares of NASDAQ:EBAY opened at $102.64 on Thursday. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The firm has a fifty day moving average of $110.31 and a 200 day moving average of $102.20. The firm has a market capitalization of $45.67 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.37. 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 (NASDAQ:EBAY) last released its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the firm earned $1.37 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, research analysts anticipate that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Dividend Announcement

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

Insider Activity at eBay

In other eBay news, SVP Mazen Rawashdeh sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the sale, the senior vice president owned 29,217 shares of the company’s stock, valued at $3,419,557.68. This represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $109.59, for a total transaction of $1,217,544.90. Following the transaction, the chief executive officer owned 280,204 shares in the company, valued at $30,707,556.36. The trade was a 3.81% 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. In the last three months, insiders have sold 86,112 shares of company stock valued at $9,837,076. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several research analyst reports. Cantor Fitzgerald dropped their price objective on eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $127.00 price target on shares of eBay in a report on Thursday, August 6th. Sanford C. Bernstein reiterated a “market perform” rating and set a $115.00 price target on shares of eBay in a research report on Monday, August 3rd. TD Cowen lifted their price target on eBay from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised eBay from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Fourteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $117.09.

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.