Canada Pension Plan Investment Board Makes New $135.20 Million Investment in eBay Inc. $EBAY

Canada Pension Plan Investment Board acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,209,881 shares of the e-commerce company’s stock, valued at approximately $135,204,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EBAY. Cedar Mountain Advisors LLC boosted its position in shares of eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 156 shares in the last quarter. Abound Financial LLC bought a new stake in shares of eBay during the 4th quarter valued at $26,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of eBay during the 1st quarter valued at $26,000. Jessup Wealth Management Inc purchased a new stake in shares of eBay in the 4th quarter worth about $27,000. Finally, Compass Financial Management LLC bought a new position in shares of eBay in the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $104.20 on Thursday. The firm has a market cap of $46.37 billion, a P/E ratio of 21.57, a PEG ratio of 2.57 and a beta of 1.37. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $119.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. The company has a 50 day moving average of $109.94 and a 200 day moving average of $102.74.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the firm earned $1.37 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, research analysts expect that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a $0.31 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay’s dividend payout ratio (DPR) is presently 25.67%.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of recent research reports. Wells Fargo & Company cut shares of eBay from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $105.00 to $92.00 in a research report on Monday, August 3rd. TD Cowen raised their target price on shares of eBay from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Cantor Fitzgerald lowered their target price on shares of eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. BMO Capital Markets set a $145.00 price target on eBay in a research report on Thursday, August 6th. Finally, Stifel Nicolaus set a $98.00 price target on eBay in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $117.24.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of the sale, the chief executive officer directly owned 253,211 shares in the company, valued at $27,486,054.05. This represents a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the transaction, the senior vice president directly owned 32,124 shares in the company, valued at approximately $3,485,775.24. This represents a 5.64% 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 ninety days, insiders have sold 37,126 shares of company stock worth $4,087,886. Company insiders own 0.67% of the company’s stock.

eBay Company 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.