Oregon Public Employees Retirement Fund Buys 12,474 Shares of eBay Inc. $EBAY

Oregon Public Employees Retirement Fund lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 31.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,234 shares of the e-commerce company’s stock after acquiring an additional 12,474 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in eBay were worth $4,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Steigerwald Gordon & Koch Inc. acquired a new position in shares of eBay in the 3rd quarter worth approximately $28,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of eBay during the third quarter worth $206,000. Groesbeck Investment Management Corp NJ bought a new position in eBay during the third quarter worth $234,000. Lecap Asset Management Ltd. lifted its holdings in eBay by 91.6% in the third quarter. Lecap Asset Management Ltd. now owns 5,700 shares of the e-commerce company’s stock valued at $518,000 after buying an additional 2,725 shares during the period. Finally, Ethos Financial Group LLC bought a new stake in eBay during the third quarter valued at $457,000. 87.48% of the stock is currently owned by institutional investors.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total value of $585,478.68. Following the sale, the chief executive officer owned 235,781 shares in the company, valued at $19,117,123.48. This represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of eBay stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $82.67, for a total value of $71,509.55. Following the transaction, the senior vice president owned 4,733 shares of the company’s stock, valued at $391,277.11. This trade represents a 15.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,675 shares of company stock valued at $4,388,825 over the last quarter. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EBAY shares. Needham & Company LLC lifted their price objective on eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. BNP Paribas started coverage on eBay in a research note on Monday, November 24th. They set a “hold” rating for the company. Robert W. Baird lifted their target price on eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Morgan Stanley increased their price target on eBay from $89.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Cowen reaffirmed a “hold” rating on shares of eBay in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.47.

eBay Trading Up 0.0%

NASDAQ EBAY opened at $90.91 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The business has a 50 day moving average price of $84.32 and a 200-day moving average price of $87.13. The company has a market cap of $41.09 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 2.12 and a beta of 1.35.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a return on equity of 41.94% and a net margin of 20.37%.eBay’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. As a group, equities analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. eBay’s payout ratio is presently 25.22%.

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.