California State Teachers Retirement System lowered its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 10.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 663,785 shares of the e-commerce company's stock after selling 77,648 shares during the quarter. California State Teachers Retirement System owned about 0.15% of eBay worth $74,177,974 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management grew its position in eBay by 29.7% in the 2nd quarter. Spire Wealth Management now owns 489 shares of the e-commerce company's stock valued at $55,000 after purchasing an additional 112 shares during the period. B. Riley Wealth Advisors Inc. boosted its position 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 valued at $312,000 after buying an additional 125 shares during the period. Capital Asset Advisory Services LLC increased its holdings in shares of eBay by 3.3% in 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 during the period. Harfst & Associates Inc. lifted its stake in shares of eBay by 0.6% in the fourth quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company's stock worth $1,956,000 after buying an additional 131 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of eBay by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 8,336 shares of the e-commerce company's stock valued at $726,000 after buying an additional 133 shares during the period. 87.48% of the stock is owned by institutional investors.
eBay Price Performance
Shares of EBAY stock traded down $0.87 during midday trading on Tuesday, reaching $108.12. 1,523,966 shares of the company were exchanged, compared to its average volume of 4,927,939. 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 company has a market cap of $48.11 billion, a P/E ratio of 22.37, a PEG ratio of 2.86 and a beta of 1.34. The company's 50 day moving average price is $108.59 and its two-hundred day moving average price is $104.66. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31.
eBay (NASDAQ:EBAY - Get Free Report) last announced 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. The company had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.eBay's revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, sell-side analysts expect that eBay Inc. will post 4.86 earnings per share for the current year.
eBay Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were given a $0.31 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay's dividend payout ratio (DPR) is presently 25.67%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on EBAY. Mizuho set a $110.00 target price on shares of eBay in a report on Thursday, August 6th. Wells Fargo & Company lowered eBay from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $105.00 to $92.00 in a research note on Monday, August 3rd. Barclays raised their target price on eBay from $114.00 to $123.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Citigroup lifted their price target on eBay from $127.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, Needham & Company LLC raised their target price on shares of eBay from $122.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, eBay has a consensus rating of "Hold" and a consensus price target of $117.24.
Read Our Latest Research Report on EBAY
Insider Buying and Selling at eBay
In related news, SVP Mazen Rawashdeh sold 1,919 shares of the business'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 completion of the sale, the senior vice president owned 32,124 shares in the company, valued at $3,485,775.24. The trade was a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $1,205,990.50. Following the transaction, the chief executive officer directly owned 253,211 shares in the company, valued at $27,486,054.05. The trade was a 4.20% 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 worth $4,007,449 over the last 90 days. 0.67% of the stock is owned by insiders.
About eBay
(
Free Report)
eBay Inc NASDAQ: EBAY operates a global online marketplace that connects buyers and sellers. Its platform supports the sale of new, used, refurbished and collectible products across categories including electronics, apparel, footwear, home and garden, automotive parts, accessories and trading cards.
The company generates revenue primarily through seller fees and related services, including payments, advertising and shipping solutions. eBay also offers specialized experiences such as eBay Motors and authentication programs designed to help verify eligible luxury goods, sneakers, watches, handbags and collectibles.
Founded in 1995 by Pierre Omidyar, eBay serves customers and sellers in markets around the world.
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