409,656 Shares in eBay Inc. $EBAY Bought by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec acquired 409,656 eBay shares worth approximately $45.8 million, representing about 0.09% of the company. Institutional investors collectively own 87.48% of eBay.
• eBay beat quarterly expectations, reporting adjusted earnings of $1.60 per share and revenue of $3.13 billion, up 14.8% year over year. The company issued third-quarter EPS guidance of $1.36–$1.42.
• Analysts maintain a consensus “Hold” rating with a $117.24 price target, while eBay declared a quarterly dividend of $0.31 per share, representing a 1.2% annualized yield.

Caisse de depot et placement du Quebec acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 409,656 shares of the e-commerce company's stock, valued at approximately $45,779,000. Caisse de depot et placement du Quebec owned about 0.09% of eBay as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Spire Wealth Management grew its position in shares of eBay by 29.7% during the 2nd quarter. Spire Wealth Management now owns 489 shares of the e-commerce company's stock valued at $55,000 after acquiring an additional 112 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in eBay by 4.6% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company's stock worth $312,000 after purchasing an additional 125 shares during the period. Capital Asset Advisory Services LLC lifted its position in eBay by 3.3% during the first quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company's stock valued at $367,000 after purchasing an additional 129 shares in the last quarter. Harfst & Associates Inc. lifted its position in eBay by 0.6% during the fourth quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company's stock valued at $1,956,000 after purchasing an additional 131 shares in the last quarter. Finally, Commerce Bank grew its holdings in eBay by 0.5% during the fourth quarter. Commerce Bank now owns 28,313 shares of the e-commerce company's stock valued at $2,466,000 after purchasing an additional 132 shares during the period. Institutional investors own 87.48% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 11,110 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the sale, the chief executive officer directly owned 253,211 shares of the company's stock, valued at $27,486,054.05. This represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $102,809.46. Following the transaction, the senior vice president owned 35,546 shares of the company's stock, valued at $3,604,008.94. This represents a 2.77% 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 have sold a total of 37,126 shares of company stock valued at $4,087,886 in the last quarter. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of recent research reports. Evercore set a $96.00 price objective on eBay in a research note on Thursday, April 30th. Morgan Stanley reiterated an "overweight" rating and issued a $127.00 price target on shares of eBay in a research report on Thursday, August 6th. BNP Paribas Exane increased their price objective on shares of eBay from $97.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. Susquehanna reiterated a "neutral" rating on shares of eBay in a research note on Friday, August 7th. Finally, Piper Sandler reissued an "overweight" rating and set a $133.00 price target (up from $115.00) on shares of eBay in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of "Hold" and a consensus price target of $117.24.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $102.27 on Friday. The company has a market cap of $45.51 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.52 and a beta of 1.37. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The firm's fifty day moving average is $109.82 and its two-hundred day moving average is $102.85.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the business 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. As a group, analysts anticipate that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company 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 dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 28th. 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.

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