Public Employees Retirement System of Ohio Sells 5,825 Shares of eBay Inc. $EBAY

Key Points

• The Public Employees Retirement System of Ohio completed a 3.4% reduction in its holdings of eBay Inc. by selling 5,825 shares, leaving it with a total of 165,276 shares valued at approximately $12.3 million.
• eBay reported $1.37 earnings per share for the most recent quarter, exceeding analysts' expectations of $1.30, and experienced a revenue increase of 6.1% year-over-year.
• The firm declared a quarterly dividend of $0.29, yielding 1.3%, with a payout ratio of 25.55% as of the last reporting period.

Public Employees Retirement System of Ohio decreased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,276 shares of the e-commerce company's stock after selling 5,825 shares during the period. Public Employees Retirement System of Ohio's holdings in eBay were worth $12,306,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Impax Asset Management Group plc grew its holdings in eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock valued at $239,037,000 after buying an additional 3,401,198 shares in the last quarter. Nuveen LLC bought a new position in shares of eBay during the 1st quarter valued at approximately $202,346,000. Pacer Advisors Inc. boosted its position in shares of eBay by 5,181.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock valued at $148,757,000 after acquiring an additional 2,154,735 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in eBay by 253.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company's stock worth $187,191,000 after buying an additional 1,981,011 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in eBay by 84.2% in the first quarter. Acadian Asset Management LLC now owns 2,005,141 shares of the e-commerce company's stock worth $135,773,000 after buying an additional 916,596 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

EBAY opened at $91.14 on Friday. The business's 50-day moving average is $91.44 and its two-hundred day moving average is $77.95. eBay Inc. has a 1 year low of $56.33 and a 1 year high of $101.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $41.65 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.25 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results 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 company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

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

Analysts Set New Price Targets

EBAY has been the subject of several research analyst reports. Needham & Company LLC lifted their target price on eBay from $78.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Arete upgraded 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. Argus restated a "hold" rating on shares of eBay in a research note on Thursday, August 14th. Stifel Nicolaus raised their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Tuesday, July 29th. Finally, Cfra Research upgraded eBay to a "moderate buy" rating in a research note on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $79.75.

Insiders Place Their Bets

In other eBay news, SVP Mazen Rawashdeh sold 1,910 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total value of $170,582.10. Following the completion of the sale, the senior vice president owned 3,824 shares of the company's stock, valued at approximately $341,521.44. This trade represents a 33.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,553 shares of company stock valued at $13,505,983. 0.64% of the stock is currently owned by corporate insiders.

eBay Profile

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.

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