Public Employees Retirement System of Ohio Makes New Investment in eBay Inc. $EBAY

Public Employees Retirement System of Ohio bought a new stake in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 144,203 shares of the e-commerce company’s stock, valued at approximately $16,115,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EBAY. Guggenheim Capital LLC grew its holdings in eBay by 7.4% during the 2nd quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock worth $1,067,000 after acquiring an additional 988 shares during the last quarter. Jump Financial LLC bought a new position in shares of eBay during the second quarter valued at $275,000. NewEdge Advisors LLC raised its stake in shares of eBay by 70.4% during the second quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company’s stock valued at $8,084,000 after acquiring an additional 44,851 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of eBay by 48.7% during the second quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock worth $35,111,000 after purchasing an additional 154,465 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of eBay by 26.3% in the second quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company’s stock worth $24,250,000 after purchasing an additional 67,731 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EBAY. Argus upgraded eBay from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $124.00 price target on eBay in a research report on Monday, May 4th. BNP Paribas Exane increased their price target on eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Weiss Ratings downgraded eBay from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $115.00 price objective on shares of eBay in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus price target of $117.24.

Insider Buying and Selling

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the 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 in the company, 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 is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the sale, the senior vice president directly owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their position. The SEC filing for this sale provides additional information. 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 over the last 90 days. Company insiders own 0.67% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $105.62 on Monday. The company has a market capitalization of $47.00 billion, a PE ratio of 21.87, a P/E/G ratio of 2.56 and a beta of 1.37. 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 twelve month low of $78.03 and a twelve month high of $119.31. The firm has a fifty day simple moving average of $109.77 and a 200 day simple moving average of $102.98.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, sell-side analysts forecast that eBay Inc. will post 4.86 EPS for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay’s dividend payout ratio (DPR) is currently 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.