eBay Inc. $EBAY Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 9.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,260 shares of the e-commerce company’s stock after selling 5,350 shares during the period. Oregon Public Employees Retirement Fund’s holdings in eBay were worth $5,224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of eBay during the 2nd quarter worth about $4,406,897,000. Legal & General Group Plc acquired a new stake in shares of eBay in the second quarter worth approximately $506,653,000. Amundi boosted its position in shares of eBay by 26.4% in the second quarter. Amundi now owns 4,014,323 shares of the e-commerce company’s stock worth $448,601,000 after acquiring an additional 838,057 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of eBay by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock worth $446,042,000 after acquiring an additional 80,450 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in eBay in the second quarter valued at approximately $405,182,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Key Stories Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Argus raised its price target to $138 from $133 and maintained a Buy rating, signaling continued analyst confidence in eBay’s outlook. Tickerreport article
• Positive Sentiment: eBay is lowering Depop shipping rates and adding delivery features. The changes may improve affordability and convenience for buyers and sellers, although the financial impact is not yet clear. Yahoo Finance article
• Positive Sentiment: Nissan is beginning to sell factory parts through eBay Canada, with local dealers handling orders. The partnership could add product selection and attract customers seeking genuine parts. MSN article
• Neutral Sentiment: Coverage highlighted eBay’s push into livestream shopping and a reported $59.7 million AI-supercomputer listing or sale. These point to the platform’s range and potential, but appear to be early-stage or unusual examples rather than evidence of a material, recurring revenue contribution. Inc. article Yahoo Tech article

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of eBay from $132.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Citigroup increased their price target on shares of eBay from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. UBS Group upgraded shares of eBay from a “neutral” rating to a “buy” rating in a report on Thursday, October 29th. Wedbush boosted their price objective on shares of eBay from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Finally, Benchmark upped their price objective on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Seventeen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average price target of $123.52.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $107.08, for a total value of $1,189,658.80. Following the transaction, the chief executive officer owned 226,269 shares of the company’s stock, valued at approximately $24,228,884.52. This trade represents a 4.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of eBay stock in a transaction 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 transaction, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. The trade was a 2.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 23,234 shares of company stock valued at $2,429,577. 0.67% of the stock is owned by insiders.

eBay Stock Performance

NASDAQ EBAY opened at $123.35 on Friday. The firm has a market capitalization of $54.15 billion, a P/E ratio of 25.70, a P/E/G ratio of 2.99 and a beta of 1.30. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $127.74. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.78. The business’s 50-day simple moving average is $112.16 and its 200-day simple moving average is $104.41.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.12 billion. eBay had a return on equity of 49.20% and a net margin of 16.84%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. Equities analysts predict that eBay Inc. will post 4.75 EPS for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, December 4th. eBay’s payout ratio is currently 27.07%.

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.