Strs Ohio Takes Position in eBay Inc. $EBAY

Key Points

• Strs Ohio has acquired 30,603 shares of eBay Inc., worth approximately $2.07 million, highlighting increasing interest from institutional investors in the company.
• eBay's recent quarterly earnings surpassed expectations, reporting $1.37 EPS on revenue of $2.73 billion, indicating a year-over-year growth of 6.1%.
• Insider selling has been notable, with executives liquidating 151,204 shares worth about $12.9 million over the last three months, while institutional ownership stands at 87.48%.

Strs Ohio bought a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 30,603 shares of the e-commerce company's stock, valued at approximately $2,073,000.

Several other institutional investors also recently bought and sold shares of EBAY. Marvin & Palmer Associates Inc. acquired a new stake in shares of eBay during the first quarter worth $2,958,000. Assenagon Asset Management S.A. lifted its stake in shares of eBay by 0.5% during the first quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock worth $3,596,000 after buying an additional 246 shares during the period. IFP Advisors Inc lifted its stake in shares of eBay by 59.6% during the first quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company's stock worth $261,000 after buying an additional 1,440 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of eBay by 2.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company's stock worth $5,381,000 after purchasing an additional 2,095 shares during the last quarter. Finally, MBB Public Markets I LLC acquired a new position in eBay during the first quarter valued at $330,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at eBay

In other news, SVP Julie A. Loeger sold 75,952 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total value of $7,082,524.00. Following the completion of the sale, the senior vice president owned 53,107 shares of the company's stock, valued at $4,952,227.75. This represents a 58.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $92.33, for a total transaction of $666,714.93. Following the completion of the sale, the chief executive officer directly owned 246,812 shares of the company's stock, valued at approximately $22,788,151.96. This trade represents a 2.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,204 shares of company stock valued at $12,937,977. Corporate insiders own 0.64% of the company's stock.

eBay Price Performance

Shares of EBAY traded up $1.11 during mid-day trading on Wednesday, hitting $89.96. 4,784,166 shares of the company were exchanged, compared to its average volume of 5,393,111. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50 day moving average of $89.47 and a 200-day moving average of $76.78. The stock has a market cap of $41.11 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.15 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same quarter in the prior year, the company earned $1.18 EPS. eBay's revenue was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. eBay's dividend payout ratio is currently 25.55%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays restated an "overweight" rating and set a $92.00 target price (up from $77.00) on shares of eBay in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Piper Sandler boosted their target price on shares of eBay from $74.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Bank of America upped their price objective on shares of eBay from $89.00 to $101.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Finally, Needham & Company LLC upped their price objective on shares of eBay from $78.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $78.89.

eBay Profile

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.