Strs Ohio Raises Holdings in eBay Inc. $EBAY

Strs Ohio grew its stake in shares of eBay Inc. (NASDAQ:EBAY) by 25.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,205 shares of the e-commerce company’s stock after acquiring an additional 37,184 shares during the quarter. Strs Ohio’s holdings in eBay were worth $16,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Altshuler Shaham Ltd grew its position in eBay by 4,452,655.3% during the 4th quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock worth $182,282,000 after purchasing an additional 2,092,748 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of eBay by 27.8% during the third quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock worth $755,767,000 after buying an additional 1,808,976 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of eBay by 214.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company’s stock worth $161,865,000 after buying an additional 1,267,601 shares during the period. Pacer Advisors Inc. grew its holdings in shares of eBay by 3,248.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,256,975 shares of the e-commerce company’s stock valued at $109,483,000 after buying an additional 1,219,439 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of eBay by 47.5% during the fourth quarter. Allianz Asset Management GmbH now owns 3,626,424 shares of the e-commerce company’s stock valued at $315,862,000 after buying an additional 1,167,019 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $109.59, for a total value of $1,217,544.90. Following the completion of the transaction, the chief executive officer directly owned 280,204 shares of the company’s stock, valued at approximately $30,707,556.36. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the sale, the senior vice president owned 34,533 shares in the company, valued at approximately $3,769,967.61. This represents a 2.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 98,015 shares of company stock valued at $10,749,186 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded eBay from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Piper Sandler reiterated an “overweight” rating and set a $115.00 price target (up from $105.00) on shares of eBay in a research note on Thursday, April 30th. Stifel Nicolaus set a $98.00 price objective on eBay in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on eBay from $87.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Citizens Jmp lifted their target price on eBay from $115.00 to $120.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $108.61.

eBay Stock Performance

Shares of eBay stock opened at $114.84 on Friday. The stock has a market cap of $50.99 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.53 and a beta of 1.37. The firm has a fifty day moving average price of $109.50 and a 200 day moving average price of $97.23. eBay Inc. has a 1 year low of $75.12 and a 1 year high of $119.31. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.38 earnings per share. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. Equities research analysts predict that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a $0.31 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. eBay’s dividend payout ratio is presently 28.12%.

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.