Korea Investment CORP Purchases New Position in eBay Inc. $EBAY

Korea Investment CORP acquired a new position in eBay Inc. (NASDAQ:EBAY) in the second quarter, HoldingsChannel.com reports. The firm acquired 284,330 shares of the e-commerce company’s stock, valued at approximately $31,774,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EBAY. Allworth Financial LP raised its holdings in shares of eBay by 62.6% during the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock valued at $2,013,000 after purchasing an additional 8,899 shares during the last quarter. North Dakota State Investment Board bought a new position in eBay during the fourth quarter valued at approximately $1,809,000. Eurizon Capital SGR S.p.A. purchased a new stake in eBay in the fourth quarter worth approximately $9,368,000. Jefferies Financial Group Inc. purchased a new stake in eBay in the fourth quarter worth approximately $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in eBay by 904.3% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 283,215 shares of the e-commerce company’s stock worth $24,668,000 after purchasing an additional 255,015 shares during the period. 87.48% of the stock is owned by institutional investors.

eBay Trading Down 0.5%

Shares of eBay stock opened at $104.13 on Friday. The company’s fifty day simple moving average is $110.12 and its 200-day simple moving average is $102.31. The stock has a market capitalization of $46.34 billion, a PE ratio of 21.56, a P/E/G ratio of 2.51 and a beta of 1.37. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $119.31. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02.

eBay (NASDAQ:EBAY) last issued 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. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, equities analysts anticipate that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders 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 yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay’s payout ratio is currently 25.67%.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of the sale, the chief executive officer owned 253,211 shares in the company, valued at $27,486,054.05. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 the firm’s 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 directly owned 32,124 shares in the company, valued at $3,485,775.24. This trade represents a 5.64% decrease in their position. 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. Insiders sold a total of 37,126 shares of company stock worth $4,087,886 over the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on EBAY. Benchmark boosted their target price on shares of eBay from $115.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Argus upgraded eBay from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Friday, August 7th. Weiss Ratings raised eBay from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. upped their price objective on eBay from $87.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group increased their target price on eBay from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $117.24.

About eBay

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.