eBay Inc. $EBAY Shares Sold by ProVise Management Group LLC
by Renee Jackson · The Cerbat GemProVise Management Group LLC reduced its position in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,513 shares of the e-commerce company’s stock after selling 1,047 shares during the period. ProVise Management Group LLC’s holdings in eBay were worth $11,133,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Hemington Wealth Management boosted its position in eBay by 7.7% in the 2nd quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock valued at $129,000 after buying an additional 124 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of eBay by 9.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock worth $124,000 after acquiring an additional 137 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in eBay by 2.2% in the second quarter. Capital Investment Advisors LLC now owns 6,280 shares of the e-commerce company’s stock valued at $468,000 after purchasing an additional 138 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in eBay by 0.6% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company’s stock valued at $1,560,000 after purchasing an additional 143 shares in the last quarter. Finally, Empower Advisory Group LLC increased its holdings in eBay by 3.5% during the 2nd quarter. Empower Advisory Group LLC now owns 4,566 shares of the e-commerce company’s stock worth $340,000 after purchasing an additional 153 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on EBAY shares. Barclays raised their price target on shares of eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Arete raised shares of eBay from a “sell” rating to a “neutral” rating and set a $91.00 price objective for the company in a report on Thursday, August 7th. Piper Sandler dropped their target price on shares of eBay from $102.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday. Cowen reaffirmed a “hold” rating on shares of eBay in a research report on Monday, October 20th. Finally, UBS Group set a $95.00 price target on eBay in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and an average price target of $94.69.
View Our Latest Report on eBay
eBay Price Performance
EBAY opened at $83.85 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The company’s 50-day moving average price is $90.18 and its 200 day moving average price is $83.96. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The firm has a market cap of $37.90 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29.
eBay (NASDAQ:EBAY – Get Free Report) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.eBay’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. As a group, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.
eBay Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 annualized dividend and a yield of 1.4%. eBay’s dividend payout ratio (DPR) is currently 25.22%.
Insider Buying and Selling
In other news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the completion of the transaction, the senior vice president owned 2,862 shares of the company’s stock, valued at approximately $233,367.48. The trade was a 92.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total transaction of $585,478.68. Following the transaction, the chief executive officer owned 235,781 shares of the company’s stock, valued at $19,117,123.48. This represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 63,317 shares of company stock valued at $5,361,568. 0.64% of the stock is owned by corporate insiders.
eBay Profile
eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.
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