Public Employees Retirement Association of Colorado Sells 989 Shares of eBay Inc. (NASDAQ:EBAY)

Public Employees Retirement Association of Colorado cut its holdings in eBay Inc. (NASDAQ:EBAY) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,046 shares of the e-commerce company’s stock after selling 989 shares during the period. Public Employees Retirement Association of Colorado’s holdings in eBay were worth $2,850,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EBAY. Vanguard Group Inc. increased its holdings in shares of eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after buying an additional 4,524,934 shares during the last quarter. M&G Plc bought a new stake in shares of eBay in the 1st quarter worth about $97,557,000. Swedbank AB bought a new stake in shares of eBay in the 1st quarter worth about $73,777,000. LSV Asset Management boosted its stake in shares of eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after purchasing an additional 1,216,885 shares during the period. Finally, Norges Bank purchased a new position in shares of eBay during the 4th quarter worth about $53,019,000. 87.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EBAY has been the subject of a number of recent analyst reports. Daiwa America raised shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Jefferies Financial Group lifted their price target on shares of eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Cantor Fitzgerald initiated coverage on shares of eBay in a research note on Thursday, September 5th. They set a “neutral” rating and a $62.00 price target for the company. Robert W. Baird lifted their price target on shares of eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company dropped their price target on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.90.

eBay Price Performance

Shares of EBAY opened at $62.72 on Monday. The company has a 50 day moving average price of $57.58 and a 200-day moving average price of $54.10. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $64.96. The stock has a market capitalization of $31.49 billion, a PE ratio of 12.49, a PEG ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Equities 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 paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

eBay 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.