eBay Inc. $EBAY Stock: State of Alaska Department of Revenue Cuts Stake

State of Alaska Department of Revenue trimmed its position in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 10.3% in the third quarter, HoldingsChannel reports. The firm owned 48,677 shares of the e-commerce company’s stock after selling 5,564 shares during the period. State of Alaska Department of Revenue’s holdings in eBay were worth $5,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of eBay in the second quarter valued at approximately $4,406,897,000. Legal & General Group Plc acquired a new position in shares of eBay during the second quarter worth approximately $506,653,000. Bank of America Corp DE acquired a new position in shares of eBay during the second quarter worth approximately $405,182,000. Bank of New York Mellon Corp acquired a new position in shares of eBay during the second quarter worth approximately $282,479,000. Finally, Nykredit A S bought a new position in eBay in the 2nd quarter worth approximately $256,983,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several analyst reports. Citigroup raised their target price on eBay from $127.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. President Capital boosted their price target on eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Argus raised eBay from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research note on Friday, August 7th. Jefferies Financial Group lowered their price target on eBay from $80.00 to $75.00 and set an “underperform” rating on the stock in a report on Monday, September 21st. Finally, Susquehanna reissued a “neutral” rating on shares of eBay in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, sixteen have given 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 price target of $115.24.

Get Our Latest Analysis on eBay

Insider Activity

In other news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the transaction, the chief executive officer owned 253,211 shares of the company’s stock, valued at $27,486,054.05. The trade was a 4.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the sale, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. The trade was a 2.77% 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 90 days, insiders have sold 34,344 shares of company stock valued at $3,635,567. Insiders own 0.67% of the company’s stock.

eBay News Summary

Here are the key news stories impacting eBay this week:

eBay Price Performance

EBAY stock traded down $2.63 during trading hours on Friday, hitting $120.28. 4,577,929 shares of the stock traded hands, compared to its average volume of 4,556,695. The stock has a 50-day simple moving average of $107.47 and a 200 day simple moving average of $107.94. eBay Inc. has a one year low of $78.03 and a one year high of $124.59. The company has a market cap of $53.52 billion, a P/E ratio of 24.90, a P/E/G ratio of 3.25 and a beta of 1.33. 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 (NASDAQ:EBAY – Get Free Report) last released its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company earned $1.37 earnings per share. eBay’s revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts forecast that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were given a dividend of $0.31 per share. The ex-dividend date was Friday, August 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.0%. eBay’s dividend payout ratio (DPR) is 25.67%.

eBay Company Profile

(Free Report)

eBay Inc (NASDAQ: EBAY) operates a global online marketplace that connects millions of buyers and sellers. The platform enables individuals, small businesses and larger retailers to list and purchase new, used and refurbished merchandise across categories such as electronics, fashion, collectibles, automotive parts, home goods and industrial products.

The company generates revenue primarily through fees charged to sellers for listing and selling items, along with advertising services and other marketplace-related offerings.

Read More

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Free Report).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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