Public Employees Retirement System of Ohio Makes New $16.11 Million Investment in eBay Inc. $EBAY

Key Points

• Public Employees Retirement System of Ohio acquired 144,203 eBay shares worth approximately $16.11 million in the second quarter. Institutional investors collectively own 87.48% of eBay’s outstanding stock.
• Analyst sentiment remains mixed: eBay has a consensus “Hold” rating and an average price target of $117.24, though Piper Sandler raised its target to $133 and Rosenblatt initiated coverage with a “Buy” rating.
• eBay beat quarterly expectations with $1.60 in EPS and $3.13 billion in revenue, up 14.8% year over year. The company also declared a quarterly dividend of $0.31 per share, representing a 1.2% annualized yield.

Public Employees Retirement System of Ohio bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 144,203 shares of the e-commerce company's stock, valued at approximately $16,115,000.

A number of other institutional investors also recently modified their holdings of the business. Spire Wealth Management raised its stake in eBay by 29.7% in the 2nd quarter. Spire Wealth Management now owns 489 shares of the e-commerce company's stock worth $55,000 after purchasing an additional 112 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of eBay by 4.6% in the second 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 in the last quarter. Capital Asset Advisory Services LLC raised its position 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 buying an additional 129 shares in the last quarter. Harfst & Associates Inc. boosted 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 valued at $1,956,000 after buying an additional 131 shares during the period. Finally, Commerce Bank boosted its stake in shares of eBay by 0.5% in the fourth quarter. Commerce Bank now owns 28,313 shares of the e-commerce company's stock valued at $2,466,000 after buying an additional 132 shares during the period. Institutional investors own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EBAY. Piper Sandler restated an "overweight" rating and set a $133.00 price objective (up from $115.00) on shares of eBay in a research note on Thursday, August 6th. Rosenblatt Securities began coverage on eBay in a research report on Thursday, August 20th. They set a "buy" rating and a $120.00 target price for the company. Susquehanna reissued a "neutral" rating on shares of eBay in a report on Friday, August 7th. Robert W. Baird set a $126.00 price target on eBay in a research report on Thursday, August 6th. Finally, Truist Financial boosted their price target on eBay from $105.00 to $115.00 and gave the company a "hold" rating in a research note on Thursday, August 6th. One 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $117.24.

Insiders Place Their Bets

In other news, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the transaction, the senior vice president owned 32,124 shares of the company's stock, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 firm'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 completion of the sale, the chief executive officer owned 253,211 shares in the company, valued at approximately $27,486,054.05. The trade was a 4.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 37,126 shares of company stock valued at $4,087,886. 0.67% of the stock is currently owned by corporate insiders.

eBay Price Performance

Shares of EBAY opened at $105.62 on Monday. eBay Inc. has a one year low of $78.03 and a one year high of $119.31. The company has a market cap of $47.00 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.56 and a beta of 1.37. 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 firm has a 50 day simple moving average of $109.77 and a two-hundred day simple moving average of $102.98.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the business posted $1.37 EPS. The company's 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. Research analysts forecast that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Dividend Announcement

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

About eBay

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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