Varma Mutual Pension Insurance Co Buys Shares of 111,300 eBay Inc. $EBAY

Varma Mutual Pension Insurance Co bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 111,300 shares of the e-commerce company’s stock, valued at approximately $12,438,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EBAY. Allworth Financial LP grew its position in shares of eBay by 62.6% during the fourth 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 last quarter. North Dakota State Investment Board bought a new stake in eBay in the 4th quarter valued at about $1,809,000. Eurizon Capital SGR S.p.A. acquired a new position in eBay during the 4th quarter valued at about $9,368,000. Jefferies Financial Group Inc. acquired a new position in eBay during the 4th quarter valued at about $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in eBay by 904.3% in the 4th 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 last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays raised their price target on shares of eBay from $114.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Rothschild & Co Redburn increased their price objective on eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. BMO Capital Markets set a $145.00 target price on eBay in a research report on Thursday, August 6th. TD Cowen lifted their target price on eBay from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $98.00 price target on eBay in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.24.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 11,110 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the sale, the chief executive officer directly owned 253,211 shares in the company, valued at $27,486,054.05. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the sale, 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 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 sold 37,126 shares of company stock valued at $4,087,886. 0.67% of the stock is owned by insiders.

eBay Price Performance

Shares of EBAY stock opened at $104.13 on Monday. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31. The stock has a market cap of $46.34 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.51 and a beta of 1.37. The business’s fifty day moving average is $110.12 and its 200-day moving average is $102.37. 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 announced its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The company’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. Equities analysts expect that eBay Inc. will post 4.87 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay’s dividend payout ratio is presently 25.67%.

eBay 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.