California Public Employees Retirement System Buys 45,010 Shares of eBay Inc. $EBAY

California Public Employees Retirement System increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 5.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 876,646 shares of the e-commerce company’s stock after acquiring an additional 45,010 shares during the period. California Public Employees Retirement System owned about 0.19% of eBay worth $65,275,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of EBAY. Garrett Wealth Advisory Group LLC increased its position in shares of eBay by 3.8% during the 2nd quarter. Garrett Wealth Advisory Group LLC now owns 3,278 shares of the e-commerce company’s stock worth $244,000 after purchasing an additional 119 shares during the last quarter. Groupe la Francaise grew its stake in shares of eBay by 8.2% in the second quarter. Groupe la Francaise now owns 1,621 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 123 shares in the last quarter. Hemington Wealth Management increased its holdings in eBay by 7.7% during the second quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock worth $129,000 after buying an additional 124 shares during the last quarter. Parkside Financial Bank & Trust raised its position in eBay by 9.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock worth $124,000 after acquiring an additional 137 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in eBay by 2.2% in the second quarter. Capital Investment Advisors LLC now owns 6,280 shares of the e-commerce company’s stock valued at $468,000 after acquiring an additional 138 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of eBay stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $81.54, for a total value of $2,878,769.70. Following the completion of the sale, the senior vice president owned 2,862 shares in the company, valued at $233,367.48. The trade was a 92.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 4,439 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $89.53, for a total transaction of $397,423.67. Following the completion of the sale, the senior vice president directly owned 93,392 shares of the company’s stock, valued at $8,361,385.76. This represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,102 shares of company stock valued at $4,777,385 in the last three months. 0.64% of the stock is owned by insiders.

eBay Price Performance

eBay stock opened at $83.89 on Wednesday. The company has a market capitalization of $37.92 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 2.11 and a beta of 1.35. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a 12 month low of $58.71 and a 12 month high of $101.15. The stock’s 50 day moving average is $87.11 and its 200-day moving average is $85.60.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a return on equity of 41.94% and a net margin of 20.37%.The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the company posted $1.19 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. Equities research analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. eBay’s dividend payout ratio is 25.22%.

Analyst Ratings Changes

Several research analysts have recently weighed in on EBAY shares. Barclays boosted their price objective on shares of eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. JMP Securities raised eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price target on the stock in a research report on Friday, October 24th. Rothschild & Co Redburn cut their price objective on eBay from $95.00 to $90.00 in a research report on Friday, November 7th. Wells Fargo & Company lifted their target price on eBay from $89.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley increased their price target on eBay from $89.00 to $102.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $94.69.

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.