State of Michigan Retirement System Has $9.33 Million Position in eBay Inc. $EBAY

State of Michigan Retirement System lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,328 shares of the e-commerce company’s stock after selling 4,600 shares during the quarter. State of Michigan Retirement System’s holdings in eBay were worth $9,332,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Independent Franchise Partners LLP grew its position in eBay by 4.6% in the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock valued at $791,714,000 after purchasing an additional 510,629 shares during the period. Nordea Investment Management AB grew its position in eBay by 5.6% in the 2nd quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after purchasing an additional 478,410 shares during the period. Invesco Ltd. grew its position in eBay by 8.0% in the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock valued at $571,736,000 after purchasing an additional 627,823 shares during the period. Northern Trust Corp grew its position in eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock valued at $481,525,000 after purchasing an additional 300,216 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in eBay by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock valued at $417,021,000 after purchasing an additional 322,910 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 4,439 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the sale, the senior vice president directly owned 93,392 shares in the company, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $91.76, for a total value of $662,598.96. Following the completion of the sale, the chief executive officer owned 250,223 shares in the company, valued at $22,960,462.48. This represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,791 shares of company stock worth $1,897,320 in the last ninety days. Company insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several research reports. Wells Fargo & Company lifted their price target on shares of eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on eBay from $96.00 to $100.00 in a research note on Thursday, October 30th. Mizuho started coverage on eBay in a research note on Monday, September 29th. They set a “neutral” rating and a $98.00 price objective on the stock. Argus restated a “hold” rating on shares of eBay in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised their price objective on eBay from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $94.52.

eBay Trading Up 1.8%

NASDAQ EBAY opened at $82.77 on Tuesday. The stock has a market capitalization of $37.83 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.39 and a beta of 1.31. eBay Inc. has a one year low of $58.05 and a one year high of $101.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The business’s fifty day moving average is $91.62 and its 200-day moving average is $83.11.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 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 41.45% and a net margin of 20.37%.The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Equities research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, November 28th. eBay’s payout ratio is presently 25.22%.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.