Westpac Banking Corp Acquires New Shares in eBay Inc. $EBAY

Westpac Banking Corp bought a new stake in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 67,365 shares of the e-commerce company’s stock, valued at approximately $7,528,000.

Other institutional investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC increased its position in eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 156 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in eBay in the first quarter valued at approximately $26,000. Abound Financial LLC acquired a new position in shares of eBay during the fourth quarter worth $26,000. High Point Wealth Management LLC acquired a new position in shares of eBay during the fourth quarter worth $26,000. Finally, Jessup Wealth Management Inc bought a new position in shares of eBay in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. President Capital boosted their price objective on eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Wells Fargo & Company lowered eBay from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $105.00 to $92.00 in a research note on Monday, August 3rd. Weiss Ratings upgraded eBay from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group upped their price objective on eBay from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group set a $145.00 target price on shares of eBay in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $117.24.

eBay Stock Down 0.5%

eBay stock opened at $104.13 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The firm’s fifty day moving average is $110.12 and its 200 day moving average is $102.31. The company has a market capitalization of $46.34 billion, a PE ratio of 21.56, a PEG ratio of 2.53 and a beta of 1.37.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping 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 business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period last year, the company posted $1.37 earnings per share. The business’s quarterly 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, sell-side analysts predict that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a $0.31 dividend. 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 (DPR) is currently 25.67%.

Insider Activity at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the transaction, the senior vice president directly owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was 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 in the company, valued at approximately $3,485,775.24. The trade was a 5.64% 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 sold 37,126 shares of company stock valued at $4,087,886 in the last three months. Corporate insiders own 0.67% of the company’s stock.

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.