VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in eBay Inc. $EBAY

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 306,408 shares of the e-commerce company’s stock, valued at approximately $34,241,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EBAY. Compass Financial Management LLC acquired a new position in shares of eBay during the second quarter worth about $28,000. Cedar Mountain Advisors LLC lifted its position in eBay by 128.9% in the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 156 shares during the period. Field & Main Bank purchased a new stake in eBay in the 2nd quarter valued at approximately $31,000. Cassaday & Co Wealth Management LLC purchased a new stake in eBay in the 1st quarter valued at approximately $26,000. Finally, Abound Financial LLC acquired a new position in eBay during the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

EBAY opened at $103.41 on Tuesday. The stock has a market cap of $46.02 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.75 and a beta of 1.34. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $109.32 and its 200 day simple moving average is $103.92. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $119.31.

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, topping the consensus estimate of $1.50 by $0.10. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.eBay’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, equities analysts anticipate that eBay Inc. will post 4.86 EPS 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 paid 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 of this dividend is Friday, August 28th. eBay’s payout ratio is 25.67%.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of analyst reports. Piper Sandler reissued an “overweight” rating and set a $133.00 target price (up from $115.00) on shares of eBay in a research note on Thursday, August 6th. Susquehanna restated a “neutral” rating on shares of eBay in a research note on Friday, August 7th. BMO Capital Markets set a $145.00 price objective on eBay in a report on Thursday, August 6th. Robert W. Baird set a $126.00 target price on eBay in a report on Thursday, August 6th. Finally, UBS Group boosted their target price on shares of eBay from $107.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $117.24.

Insider Transactions at eBay

In related news, SVP Mazen Rawashdeh sold 1,919 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the sale, the senior vice president directly owned 32,124 shares in the company, valued at $3,485,775.24. The trade was a 5.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of the sale, the chief executive officer directly owned 253,211 shares in the company, valued at approximately $27,486,054.05. The trade was a 4.20% 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 26,016 shares of company stock valued at $2,870,341 in the last 90 days. 0.67% of the stock is currently owned by insiders.

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.