Varma Mutual Pension Insurance Co Takes $12.44 Million Position in eBay Inc. $EBAY

Varma Mutual Pension Insurance Co bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 111,300 shares of the e-commerce company’s stock, valued at approximately $12,438,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westpac Banking Corp purchased a new stake in eBay during the second quarter valued at about $7,528,000. Korea Investment CORP acquired a new stake in shares of eBay during the second quarter valued at approximately $31,774,000. EP Wealth Advisors LLC purchased a new stake in shares of eBay in the 2nd quarter valued at approximately $4,062,000. Ieq Capital LLC acquired a new position in eBay in the 2nd quarter worth approximately $4,250,000. Finally, Callan Family Office LLC acquired a new position in eBay in the 2nd quarter worth approximately $2,880,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of eBay from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Truist Financial raised their target price on eBay from $105.00 to $115.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Evercore set a $96.00 price target on eBay in a report on Thursday, April 30th. BNP Paribas Exane upped their price target on eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, UBS Group increased their price objective on eBay from $107.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $117.24.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $104.13 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31. The business has a fifty day simple moving average of $110.12 and a 200 day simple moving average of $102.37. The firm has a market cap of $46.34 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.51 and a beta of 1.37.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the firm earned $1.37 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, sell-side analysts predict that eBay Inc. will post 4.87 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s payout ratio is currently 25.67%.

Insider Activity at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the sale, the senior vice president directly owned 35,546 shares in the company, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction dated Wednesday, June 17th. The stock was 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 in the company, valued at $3,485,775.24. The trade was a 5.64% 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. In the last quarter, insiders sold 37,126 shares of company stock valued at $4,087,886. 0.67% of the stock is owned by corporate insiders.

eBay Company Profile

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.