VIRGINIA RETIREMENT SYSTEMS ET Al Invests $34.24 Million in eBay Inc. $EBAY

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 306,408 shares of the e-commerce company’s stock, valued at approximately $34,241,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of eBay as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in EBAY. California State Teachers Retirement System lifted its stake in eBay by 9,904.7% in the second quarter. California State Teachers Retirement System now owns 74,177,974 shares of the e-commerce company’s stock worth $8,289,389,000 after acquiring an additional 73,436,541 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of eBay in the 2nd quarter valued at approximately $4,406,897,000. Legal & General Group Plc acquired a new stake in shares of eBay in the 2nd quarter valued at $506,653,000. Bank of America Corp DE purchased a new stake in shares of eBay during the 2nd quarter worth $405,182,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of eBay during the 2nd quarter worth $282,479,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

EBAY stock opened at $103.41 on Tuesday. The company has a market cap of $46.02 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.75 and a beta of 1.34. The company has a fifty day moving average price of $109.32 and a 200 day moving average price of $103.92. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. eBay Inc. has a 12 month low of $78.03 and a 12 month 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 company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. eBay’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Sell-side analysts expect that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. eBay’s dividend payout ratio (DPR) is currently 25.67%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities analysts recently commented on EBAY shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $115.00 target price on shares of eBay in a report on Monday, August 3rd. President Capital upped their price objective on eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Needham & Company LLC increased their price objective on eBay from $122.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Argus raised eBay from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Friday, August 7th. Finally, Citizens Jmp cut eBay from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $117.24.

eBay Profile

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.