eBay Inc. $EBAY Stock Position Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 48.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 500,502 shares of the e-commerce company’s stock after selling 468,670 shares during the period. Retirement Systems of Alabama’s holdings in eBay were worth $53,078,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC purchased a new position in eBay in the 1st quarter valued at approximately $26,000. John Boyer Inc. purchased a new stake in shares of eBay during the third quarter worth $26,000. Compass Financial Management LLC purchased a new stake in shares of eBay during the second quarter worth $28,000. Field & Main Bank purchased a new stake in shares of eBay during the second quarter worth $31,000. Finally, Western Wealth Management LLC acquired a new stake in shares of eBay in the first quarter valued at $38,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Down 0.8%

eBay stock opened at $120.97 on Tuesday. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $127.74. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $53.11 billion, a P/E ratio of 26.41, a PEG ratio of 2.99 and a beta of 1.30. The stock has a 50-day simple moving average of $112.86 and a 200-day simple moving average of $104.71.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.12 billion. eBay had a return on equity of 49.20% and a net margin of 16.84%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. Equities research analysts expect that eBay Inc. will post 4.75 earnings per share for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay’s dividend payout ratio is presently 27.07%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EBAY shares. Argus lifted their target price on eBay from $133.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Cantor Fitzgerald lowered their target price on eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Jefferies Financial Group cut 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. Morgan Stanley increased their price target on eBay from $132.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price target on shares of eBay in a research report on Thursday, October 29th. Seventeen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $123.52.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $122.98, for a total transaction of $1,366,307.80. Following the transaction, the chief executive officer directly owned 204,049 shares in the company, valued at approximately $25,093,946.02. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 eBay stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the transaction, the senior vice president directly 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 34,344 shares of company stock valued at $3,795,885 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Key Stories Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: A Zacks article included eBay among non-tech Nasdaq stocks with improving earnings estimates and growth opportunities, offering a modestly positive investment signal. Zacks article
• Neutral Sentiment: CEO Jamie Iannone sold 11,110 shares for about $1.37 million, reducing his direct holding by 5.16%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which makes it less clearly a signal about the company’s near-term outlook. SEC filing
• Negative Sentiment: The UK government is considering restricting under-16s’ access to online marketplaces including eBay, citing concerns about contact with strangers. If adopted, the measure could require age-verification changes and limit access to younger users; it remains under consideration, not a finalized ban. Sky News article

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.

Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.

eBay serves customers and businesses in markets around the world.