eBay Inc. $EBAY Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in eBay Inc. by 8.6% during the first quarter, now holding 162,840 shares valued at approximately $11 million.
• Several other institutional investors have increased their positions in eBay, with Ameriprise Financial Inc. acquiring the largest share increase at 12.4% in the fourth quarter.
• eBay reported a quarterly earnings per share of $1.37, exceeding estimates, and announced a quarterly dividend of $0.29 per share payable on September 12th.

State of New Jersey Common Pension Fund D lessened its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 162,840 shares of the e-commerce company's stock after selling 15,394 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in eBay were worth $11,029,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. boosted its position in eBay by 54.1% in the first quarter. American Century Companies Inc. now owns 873,577 shares of the e-commerce company's stock valued at $59,167,000 after buying an additional 306,519 shares during the last quarter. Ethic Inc. boosted its holdings in shares of eBay by 6.1% in the 1st quarter. Ethic Inc. now owns 128,025 shares of the e-commerce company's stock valued at $8,680,000 after acquiring an additional 7,410 shares during the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of eBay by 17.6% in the 1st quarter. Brandywine Global Investment Management LLC now owns 782,713 shares of the e-commerce company's stock valued at $53,013,000 after acquiring an additional 116,899 shares during the last quarter. Element Capital Management LLC acquired a new stake in shares of eBay in the first quarter worth $2,818,000. Finally, Aberdeen Group plc raised its holdings in shares of eBay by 77.7% during the first quarter. Aberdeen Group plc now owns 433,015 shares of the e-commerce company's stock worth $29,014,000 after purchasing an additional 189,332 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the sale, the senior vice president owned 92,053 shares of the company's stock, valued at $7,241,809.51. The trade was a 3.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total transaction of $961,196.88. Following the completion of the transaction, the chief executive officer directly owned 317,625 shares in the company, valued at approximately $24,145,852.50. This represents a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,209 shares of company stock worth $15,331,663. Company insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EBAY shares. Cowen reaffirmed a "hold" rating on shares of eBay in a report on Tuesday, July 22nd. Needham & Company LLC upped their target price on eBay from $78.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Arete upgraded eBay from a "sell" rating to a "neutral" rating and set a $91.00 price target for the company in a research report on Thursday, August 7th. Citizens Jmp raised eBay to a "hold" rating in a report on Thursday, July 10th. Finally, Argus restated a "hold" rating on shares of eBay in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $78.19.

eBay Price Performance

Shares of EBAY stock traded down $0.74 during trading hours on Wednesday, hitting $99.15. 6,345,616 shares of the company's stock were exchanged, compared to its average volume of 5,629,666. eBay Inc. has a fifty-two week low of $56.33 and a fifty-two week high of $101.15. The firm has a market cap of $45.31 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.39 and a beta of 1.27. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average of $82.41 and a two-hundred day moving average of $73.24.

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

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. eBay's payout ratio is presently 25.55%.

About eBay

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.