Canada Pension Plan Investment Board purchased a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,209,881 shares of the e-commerce company's stock, valued at approximately $135,204,000. Canada Pension Plan Investment Board owned about 0.27% of eBay as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC raised its position in eBay by 128.9% in the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company's stock worth $25,000 after acquiring an additional 156 shares during the period. Abound Financial LLC purchased a new stake in shares of eBay during the 4th quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of eBay during the 1st quarter worth approximately $26,000. Jessup Wealth Management Inc purchased a new stake in shares of eBay during the 4th quarter worth approximately $27,000. Finally, Compass Financial Management LLC bought a new stake in shares of eBay in the 2nd quarter worth approximately $28,000. Institutional investors own 87.48% of the company's stock.
eBay Price Performance
Shares of NASDAQ:EBAY opened at $104.20 on Thursday. The company has a 50 day moving average of $109.94 and a 200 day moving average of $102.74. The stock has a market cap of $46.37 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.57 and a beta of 1.37. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10.
eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, sell-side analysts forecast that eBay Inc. will post 4.86 EPS for the current fiscal year.
eBay Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay's payout ratio is currently 25.67%.
Analysts Set New Price Targets
Several research firms recently commented on EBAY. Evercore set a $96.00 price objective on eBay in a research note on Thursday, April 30th. Truist Financial boosted their target price on eBay from $105.00 to $115.00 and gave the company a "hold" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $124.00 price target on eBay in a research report on Monday, May 4th. Wedbush increased their price target on eBay from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note on Thursday, August 20th. Finally, Robert W. Baird set a $126.00 price objective on eBay in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $117.24.
Check Out Our Latest Stock Analysis on eBay
Insiders Place Their Bets
In other news, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the transaction, the senior vice president owned 32,124 shares of the company's stock, valued at $3,485,775.24. This represents a 5.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 firm's stock in a transaction 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 sale, the chief executive officer owned 253,211 shares in the company, valued at approximately $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 37,126 shares of company stock valued at $4,087,886 in the last quarter. Corporate insiders own 0.67% of the company's stock.
eBay Company Profile
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Free Report)
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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