VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 234,000 Shares of eBay Inc. $EBAY

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 27.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,079,908 shares of the e-commerce company’s stock after acquiring an additional 234,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in eBay were worth $98,218,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Princeton Global Asset Management LLC raised its holdings in eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 269 shares during the last quarter. GFG Capital LLC bought a new stake in shares of eBay during the 2nd quarter valued at about $28,000. Sumitomo Mitsui Financial Group Inc. grew its stake in shares of eBay by 155.3% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after acquiring an additional 250 shares during the period. Hantz Financial Services Inc. increased its holdings in eBay by 153.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock valued at $34,000 after acquiring an additional 273 shares during the last quarter. Finally, Private Wealth Asset Management LLC grew its stake in shares of eBay by 1,470.6% in the 2nd quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock worth $40,000 after buying an additional 500 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on eBay from $89.00 to $88.00 in a report on Thursday, October 30th. Truist Financial lifted their target price on shares of eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. UBS Group set a $95.00 price target on shares of eBay in a research report on Thursday, October 30th. Cowen reiterated a “hold” rating on shares of eBay in a report on Monday, October 20th. Finally, Rothschild & Co Redburn cut their price target on eBay from $95.00 to $90.00 in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $94.41.

eBay Trading Down 0.7%

NASDAQ EBAY opened at $87.10 on Wednesday. The company’s fifty day simple moving average is $85.02 and its 200-day simple moving average is $86.50. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. The stock has a market cap of $39.37 billion, a P/E ratio of 18.93, a PEG ratio of 2.21 and a beta of 1.35. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company posted $1.19 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. Equities research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.29 per share. The ex-dividend date was Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. eBay’s payout ratio is currently 25.22%.

Insider Buying and Selling

In related news, SVP Julie A. Loeger sold 2,896 shares of eBay stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $82.44, for a total transaction of $238,746.24. Following the sale, the senior vice president directly owned 55,990 shares in the company, valued at $4,615,815.60. The trade was a 4.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mazen Rawashdeh sold 1,920 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total transaction of $157,248.00. Following the completion of the transaction, the senior vice president owned 5,746 shares of the company’s stock, valued at $470,597.40. This trade represents a 25.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 60,896 shares of company stock valued at $5,051,424. Company insiders own 0.64% of the company’s stock.

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.