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Ilmarinen Mutual Pension Insurance Co Makes New Investment in eBay Inc. $EBAY

eBay logo with Retail/Wholesale background

Key Points

  • Ilmarinen Mutual Pension Insurance Co has invested approximately $5.08 million in eBay Inc., acquiring 75,000 shares during the first quarter.
  • eBay's CEO and other executives recently sold significant amounts of stock, reducing their ownership stakes, with CEO Jamie Iannone selling 12,644 shares for about $961,197.
  • eBay reported better-than-expected earnings for the last quarter, with a revenue of $2.73 billion and an EPS of $1.37, exceeding analyst estimates.
  • MarketBeat previews top five stocks to own in October.

Ilmarinen Mutual Pension Insurance Co purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 75,000 shares of the e-commerce company's stock, valued at approximately $5,080,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new stake in eBay in the 1st quarter valued at approximately $26,000. Abound Financial LLC bought a new position in shares of eBay during the 1st quarter worth approximately $29,000. Orion Capital Management LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $27,000. Pinney & Scofield Inc. bought a new stake in shares of eBay in the fourth quarter worth $31,000. Finally, Sierra Ocean LLC lifted its position in shares of eBay by 84.9% in the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after purchasing an additional 247 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total value of $961,196.88. Following the transaction, the chief executive officer owned 317,625 shares in the company, valued at approximately $24,145,852.50. This represents a 3.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the transaction, the senior vice president directly owned 44,413 shares in the company, valued at approximately $3,436,677.94. This represents a 34.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 174,801 shares of company stock valued at $14,763,913 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

eBay Trading Down 1.3%

eBay stock opened at $91.29 on Thursday. eBay Inc. has a 52 week low of $56.33 and a 52 week 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 stock has a market capitalization of $41.72 billion, a P/E ratio of 20.11, a PEG ratio of 2.24 and a beta of 1.32. The stock has a 50-day simple moving average of $88.02 and a 200 day simple moving average of $75.99.

eBay (NASDAQ:EBAY - Get Free Report) last released 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 return on equity of 38.97% and a net margin of 20.86%.The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. The business's revenue for the quarter 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 earnings per share for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.3%. eBay's dividend payout ratio (DPR) is currently 25.55%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Arete upgraded shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price target on the stock in a research note on Thursday, August 7th. Morgan Stanley raised their price objective on eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their target price on eBay from $66.00 to $84.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Bank of America increased their price target on eBay from $89.00 to $101.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $78.89.

Check Out Our Latest Research Report on eBay

eBay Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY - Free Report).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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