Texas Permanent School Fund Corp Has $2.42 Million Position in eBay Inc. $EBAY

Texas Permanent School Fund Corp decreased its stake in eBay Inc. (NASDAQ:EBAY) by 38.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,427 shares of the e-commerce company’s stock after selling 20,146 shares during the period. Texas Permanent School Fund Corp’s holdings in eBay were worth $2,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 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 worth $25,000 after purchasing an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of eBay during the first quarter worth $26,000. GFG Capital LLC bought a new position in eBay during the second quarter worth $28,000. Sumitomo Mitsui Financial Group Inc. lifted its holdings in eBay by 155.3% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after buying an additional 250 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in eBay by 153.4% in the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock valued at $34,000 after buying an additional 273 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. TD Cowen lifted their price objective on eBay from $80.00 to $84.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Needham & Company LLC lifted their target price on eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Morgan Stanley increased their price target on eBay from $89.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wedbush lifted their price objective on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Citizens Jmp upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $94.41.

eBay Stock Performance

NASDAQ EBAY opened at $84.66 on Friday. The company has a market cap of $38.27 billion, a P/E ratio of 18.40, a PEG ratio of 2.13 and a beta of 1.35. The company has a fifty day simple moving average of $85.99 and a 200 day simple moving average of $86.09. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15.

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

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s payout ratio is currently 25.22%.

Insider Activity

In related news, SVP Mazen Rawashdeh sold 1,920 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total transaction of $157,248.00. Following the completion of the sale, the senior vice president owned 5,746 shares in the company, valued at approximately $470,597.40. This represents a 25.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $82.67, for a total value of $71,509.55. Following the completion of the sale, the senior vice president directly owned 4,733 shares of the company’s stock, valued at $391,277.11. The trade was a 15.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 60,896 shares of company stock worth $5,051,424. Company insiders own 0.64% of the company’s stock.

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.