State of Alaska Department of Revenue Sells 4,265 Shares of eBay Inc. $EBAY

Key Points

• The State of Alaska Department of Revenue reduced its stake in eBay Inc. by 7.6% during the second quarter, selling 4,265 shares and holding a total of 51,829 shares valued at approximately $3.86 million.
• eBay reported a quarterly earnings per share of $1.37, surpassing expectations of $1.30, with revenues of $2.73 billion for the period, reflecting a 6.1% year-over-year increase.
• The company announced a quarterly dividend of $0.29 per share, resulting in an annualized dividend yield of 1.3% and a payout ratio of 25.55%.

State of Alaska Department of Revenue cut its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,829 shares of the e-commerce company's stock after selling 4,265 shares during the quarter. State of Alaska Department of Revenue's holdings in eBay were worth $3,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC grew its stake in shares of eBay by 0.6% in the first quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company's stock worth $1,560,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton grew its stake in shares of eBay by 36.5% in the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock worth $41,000 after acquiring an additional 160 shares during the period. Capital Investment Advisory Services LLC grew its stake in shares of eBay by 4.0% in the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock worth $285,000 after acquiring an additional 160 shares during the period. Journey Strategic Wealth LLC grew its stake in shares of eBay by 4.4% in the first quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company's stock worth $266,000 after acquiring an additional 166 shares during the period. Finally, Hohimer Wealth Management LLC grew its stake in shares of eBay by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock worth $4,024,000 after acquiring an additional 167 shares during the period. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Performance

EBAY opened at $91.17 on Tuesday. The firm has a market cap of $41.66 billion, a P/E ratio of 20.08, a PEG ratio of 2.20 and a beta of 1.32. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The company has a 50 day simple moving average of $91.69 and a two-hundred day simple moving average of $78.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The company's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.29 per share. The ex-dividend date was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. eBay's dividend payout ratio is currently 25.55%.

Insider Activity

In related news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 4,439 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the transaction, the senior vice president owned 93,392 shares of the company's stock, valued at approximately $8,361,385.76. This represents a 4.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 122,702 shares of company stock valued at $10,878,373 in the last quarter. Company insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EBAY. Deutsche Bank Aktiengesellschaft boosted their target price on shares of eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Argus restated a "hold" rating on shares of eBay in a research report on Thursday, August 14th. Cfra Research upgraded shares of eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Wells Fargo & Company boosted their target price on shares of eBay from $66.00 to $84.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets upgraded shares of eBay from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $70.00 to $102.00 in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, eBay currently has an average rating of "Hold" and an average price target of $79.75.

eBay Company 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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