California State Teachers Retirement System Acquires 73,436,541 Shares of eBay Inc. $EBAY

California State Teachers Retirement System raised its holdings in eBay Inc. (NASDAQ:EBAY) by 9,904.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,177,974 shares of the e-commerce company’s stock after purchasing an additional 73,436,541 shares during the period. California State Teachers Retirement System owned 0.17% of eBay worth $8,289,389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC boosted its holdings in eBay by 128.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after buying an additional 156 shares during the period. Abound Financial LLC bought a new stake in eBay during the 4th quarter valued at $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of eBay during the first quarter worth $26,000. Jessup Wealth Management Inc purchased a new stake in shares of eBay during the fourth quarter worth $27,000. Finally, Compass Financial Management LLC bought a new position in shares of eBay in the second quarter worth $28,000. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 1.1%

Shares of EBAY stock opened at $104.59 on Wednesday. The company has a market capitalization of $46.54 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.34. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The business’s fifty day moving average is $109.18 and its 200 day moving average is $104.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. The business 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%.The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities research analysts anticipate that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders 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 annualized dividend and a dividend yield of 1.2%. eBay’s payout ratio is presently 25.67%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EBAY shares. UBS Group lifted their price target on eBay from $107.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Mizuho set a $110.00 target price on eBay in a research note on Thursday, August 6th. Wedbush lifted their target price on eBay from $135.00 to $137.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. President Capital increased their price target on shares of eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, BMO Capital Markets set a $145.00 price objective on shares of eBay in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, 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 firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $3,485,775.24. This trade represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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 eBay stock in a transaction that occurred on 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 sale, the chief executive officer owned 253,211 shares of the company’s stock, 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. Over the last 90 days, insiders sold 26,016 shares of company stock valued at $2,870,341. 0.67% of the stock is owned by corporate 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.