eBay Inc. $EBAY Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in eBay Inc. (NASDAQ:EBAY – Free Report) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,677 shares of the e-commerce company’s stock after selling 5,564 shares during the quarter. State of Alaska Department of Revenue’s holdings in eBay were worth $5,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in eBay during the second quarter worth about $4,406,897,000. Dimensional Fund Advisors LP raised its holdings in shares of eBay by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock worth $446,042,000 after purchasing an additional 80,450 shares during the period. Legal & General Group Plc purchased a new position in shares of eBay in the 2nd quarter worth about $506,653,000. Amundi raised its holdings in shares of eBay by 26.4% in the 2nd quarter. Amundi now owns 4,014,323 shares of the e-commerce company’s stock worth $448,601,000 after purchasing an additional 838,057 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of eBay by 0.8% in the 1st quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company’s stock valued at $338,799,000 after purchasing an additional 30,761 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In other eBay news, SVP Jordan Sweetnam sold 1,014 shares of eBay stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president directly owned 35,546 shares in the company, valued at $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. 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, CEO Jamie Iannone sold 11,110 shares of the company’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 transaction, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at $27,486,054.05. This trade represents a 4.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 34,344 shares of company stock worth $3,635,567 in the last three months. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EBAY has been the subject of a number of research reports. Morgan Stanley boosted their target price on eBay from $127.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday. Arete Research dropped their target price on shares of eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, September 24th. Susquehanna restated a “neutral” rating on shares of eBay in a report on Friday, August 7th. Jefferies Financial Group reduced their price target on shares of eBay from $80.00 to $75.00 and set an “underperform” rating on the stock in a research report on Monday, September 21st. Finally, Weiss Ratings raised shares of eBay from a “buy (b)” rating to a “buy (a-)” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $115.24.

Check Out Our Latest Report on EBAY

eBay Stock Down 2.1%

Shares of eBay stock traded down $2.63 on Friday, hitting $120.28. 4,577,929 shares of the company’s stock traded hands, compared to its average volume of 4,556,695. The firm’s 50-day moving average is $107.47 and its 200 day moving average is $107.94. The stock has a market cap of $53.52 billion, a P/E ratio of 24.90, a PEG ratio of 3.25 and a beta of 1.33. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $124.59. 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 (NASDAQ:EBAY – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.10. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts anticipate that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.0%. eBay’s dividend payout ratio (DPR) is currently 25.67%.

Key Headlines Impacting eBay

Here are the key news stories impacting eBay this week:

eBay Profile

(Free Report)

eBay Inc (NASDAQ: EBAY) operates a global online marketplace that connects millions of buyers and sellers. The platform enables individuals, small businesses and larger retailers to list and purchase new, used and refurbished merchandise across categories such as electronics, fashion, collectibles, automotive parts, home goods and industrial products.

The company generates revenue primarily through fees charged to sellers for listing and selling items, along with advertising services and other marketplace-related offerings.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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