Patriot Financial Group Insurance Agency LLC Lowers Position in eBay Inc. $EBAY

by · The Markets Daily

Patriot Financial Group Insurance Agency LLC decreased its position in shares of eBay Inc. (NASDAQ:EBAYFree Report) by 33.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,016 shares of the e-commerce company’s stock after selling 13,380 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in eBay were worth $2,457,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Czech National Bank grew its position in eBay by 3.0% during the third quarter. Czech National Bank now owns 116,069 shares of the e-commerce company’s stock valued at $10,556,000 after buying an additional 3,385 shares during the period. Beacon Financial Group purchased a new stake in shares of eBay during the 3rd quarter worth about $243,000. Acropolis Investment Management LLC grew its position in shares of eBay by 3.1% during the 3rd quarter. Acropolis Investment Management LLC now owns 23,372 shares of the e-commerce company’s stock valued at $2,126,000 after acquiring an additional 706 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of eBay by 943.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 515,979 shares of the e-commerce company’s stock valued at $46,928,000 after purchasing an additional 466,509 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. acquired a new position in eBay in the 3rd quarter worth about $273,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Up 1.1%

Shares of EBAY stock opened at $83.66 on Friday. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s fifty day moving average is $86.07 and its two-hundred day moving average is $85.95. The firm has a market capitalization of $37.81 billion, a P/E ratio of 18.19, a PEG ratio of 2.09 and a beta of 1.35.

eBay (NASDAQ:EBAYGet Free Report) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. Research analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s dividend payout ratio (DPR) is 25.22%.

Analysts Set New Price Targets

Several analysts have commented on the company. Needham & Company LLC raised their price objective on eBay from $95.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wells Fargo & Company increased their target price on eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. The Goldman Sachs Group boosted their price target on shares of eBay from $72.00 to $78.00 and gave the stock a “sell” rating in a report on Thursday, October 30th. Bank of America upped their price objective on shares of eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Finally, Cantor Fitzgerald lifted their target price on shares of eBay from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus target price of $94.69.

Get Our Latest Research Report on eBay

Insider Transactions at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of eBay stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the transaction, the senior vice president owned 2,862 shares in the company, valued at approximately $233,367.48. This trade represents a 92.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Julie A. Loeger sold 2,896 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $82.44, for a total value of $238,746.24. Following the completion of the sale, the senior vice president owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. The trade was a 4.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,649 shares of company stock worth $4,448,126 in the last ninety days. Insiders own 0.64% of the company’s stock.

eBay Profile

(Free Report)

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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