State of New Jersey Common Pension Fund D Sells 106,699 Shares of eBay Inc. (NASDAQ:EBAY)

State of New Jersey Common Pension Fund D cut its stake in eBay Inc. (NASDAQ:EBAY) by 35.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,237 shares of the e-commerce company’s stock after selling 106,699 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in eBay were worth $10,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of EBAY. Coldstream Capital Management Inc. boosted its holdings in shares of eBay by 4.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 42,417 shares of the e-commerce company’s stock worth $2,279,000 after buying an additional 1,696 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of eBay by 3.6% in the second quarter. Daiwa Securities Group Inc. now owns 156,054 shares of the e-commerce company’s stock valued at $8,383,000 after purchasing an additional 5,393 shares in the last quarter. Andra AP fonden increased its position in shares of eBay by 9.9% during the second quarter. Andra AP fonden now owns 441,278 shares of the e-commerce company’s stock valued at $23,705,000 after buying an additional 39,600 shares during the period. Dorsey & Whitney Trust CO LLC bought a new stake in eBay during the 2nd quarter worth approximately $212,000. Finally, Choreo LLC purchased a new stake in shares of eBay in the second quarter worth $868,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of EBAY stock opened at $63.44 on Friday. The firm has a fifty day moving average price of $56.55 and a 200 day moving average price of $53.54. The company has a market cap of $31.02 billion, a P/E ratio of 12.64, a PEG ratio of 2.35 and a beta of 1.32. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $63.90. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.70%. eBay’s dividend payout ratio is presently 21.51%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Wells Fargo & Company lowered their target price on eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Bank of America boosted their price objective on shares of eBay from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Susquehanna increased their target price on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $56.90.

eBay Company Profile

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.