eBay Inc. (NASDAQ:EBAY) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 9.7% during the third quarter, Holdings Channel reports. The institutional investor owned 37,898 shares of the e-commerce company’s stock after selling 4,080 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in eBay were worth $2,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its holdings in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 465 shares during the period. Hobbs Group Advisors LLC purchased a new position in eBay during the second quarter worth approximately $29,000. Gradient Investments LLC raised its stake in eBay by 86.3% during the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after purchasing an additional 284 shares during the period. Quarry LP acquired a new position in shares of eBay in the 3rd quarter valued at $36,000. Finally, USA Financial Formulas purchased a new stake in shares of eBay during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This represents a 5.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,641 shares of company stock worth $1,773,224 over the last quarter. 0.38% of the stock is owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ EBAY opened at $63.84 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The business has a 50 day moving average price of $63.37 and a two-hundred day moving average price of $59.19. The firm has a market cap of $30.58 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Analyst Upgrades and Downgrades

EBAY has been the topic of several research reports. TD Cowen increased their target price on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Mizuho lifted their price objective on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their target price on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus lifted their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.63.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.