California State Teachers Retirement System Has $8.29 Billion Stock Position in eBay Inc. $EBAY

California State Teachers Retirement System lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 9,904.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,177,974 shares of the e-commerce company's stock after acquiring an additional 73,436,541 shares during the period. California State Teachers Retirement System owned approximately 16.67% of eBay worth $8,289,389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Guggenheim Capital LLC raised its stake in shares of eBay by 7.4% in the second quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company's stock worth $1,067,000 after purchasing an additional 988 shares during the last quarter. Jump Financial LLC bought a new stake in eBay during the second quarter worth $275,000. NewEdge Advisors LLC raised its position in eBay by 70.4% in the 2nd quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company's stock valued at $8,084,000 after buying an additional 44,851 shares during the last quarter. Sei Investments Co. raised its position in eBay by 48.7% in the 2nd quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company's stock valued at $35,111,000 after buying an additional 154,465 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in eBay by 26.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company's stock valued at $24,250,000 after buying an additional 67,731 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Transactions at eBay

In other news, SVP Mazen Rawashdeh sold 1,919 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The shares were 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. This trade represents a 5.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay 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 completion of the sale, the chief executive officer directly owned 253,211 shares in the company, valued at $27,486,054.05. This trade represents 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 a total of 26,016 shares of company stock worth $2,870,341 in the last quarter. Insiders own 0.67% of the company's stock.

eBay Trading Up 1.1%

NASDAQ EBAY opened at $104.59 on Wednesday. The business's fifty day moving average is $109.18 and its 200-day moving average is $104.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $46.54 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 2.75 and a beta of 1.34. eBay Inc. has a one year low of $78.03 and a one year high of $119.31.

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 for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities research analysts predict that eBay Inc. will post 4.86 EPS for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay's dividend payout ratio is currently 25.67%.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of eBay from $127.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Rothschild & Co Redburn increased their target price on shares of eBay from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Wednesday, May 13th. UBS Group raised their price target on shares of eBay from $107.00 to $120.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Sanford C. Bernstein restated a "market perform" rating and set a $115.00 price target on shares of eBay in a report on Monday, August 3rd. Finally, Truist Financial boosted their price target on shares of eBay from $105.00 to $115.00 and gave the stock a "hold" rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, eBay presently has a consensus rating of "Hold" and a consensus price target of $117.24.

eBay Company 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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