110,259 Shares in eBay Inc. $EBAY Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas bought a new position in eBay Inc. (NASDAQ:EBAY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 110,259 shares of the e-commerce company’s stock, valued at approximately $8,210,000.

Several other hedge funds also recently modified their holdings of EBAY. Independent Franchise Partners LLP raised its stake in shares of eBay by 4.6% in the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock worth $791,714,000 after buying an additional 510,629 shares in the last quarter. Nordea Investment Management AB raised its position in eBay by 5.6% in the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock worth $674,061,000 after acquiring an additional 478,410 shares in the last quarter. Invesco Ltd. raised its position in eBay by 8.0% in the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock worth $571,736,000 after acquiring an additional 627,823 shares in the last quarter. Northern Trust Corp lifted its holdings in eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock valued at $481,525,000 after acquiring an additional 300,216 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of eBay by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock valued at $417,021,000 after purchasing an additional 322,910 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Cowen reissued a “hold” rating on shares of eBay in a research note on Monday, October 20th. Robert W. Baird upped their price target on eBay from $89.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Truist Financial increased their price objective on eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. B. Riley raised their price objective on eBay from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Finally, Needham & Company LLC lifted their target price on eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $94.69.

Insiders Place Their Bets

In related news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president directly 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 transaction was disclosed in a document filed 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 that occurred on Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total transaction of $585,478.68. Following the completion of the transaction, the chief executive officer owned 235,781 shares in the company, valued at approximately $19,117,123.48. This represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 64,323 shares of company stock worth $5,444,100. Insiders own 0.64% of the company’s stock.

eBay Trading Down 0.4%

NASDAQ EBAY opened at $82.49 on Thursday. The firm’s 50 day moving average price is $88.64 and its two-hundred day moving average price is $84.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. eBay Inc. has a twelve month low of $58.71 and a twelve month high of $101.15. The stock has a market cap of $37.29 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 2.39 and a beta of 1.29.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (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 analyst estimates of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

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

About eBay

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.