Teachers Retirement System of The State of Kentucky Decreases Stock Position in eBay Inc. (NASDAQ:EBAY)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,978 shares of the e-commerce company’s stock after selling 1,302 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in eBay were worth $2,255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares during the period. Ameriprise Financial Inc. boosted its position in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Mirova US LLC increased its stake in shares of eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after purchasing an additional 838,969 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of eBay by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after buying an additional 530,941 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of EBAY stock opened at $66.29 on Friday. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $66.47. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $59.76 and a two-hundred day simple moving average of $54.99. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) 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 company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. On average, analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. eBay’s dividend payout ratio is presently 21.51%.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EBAY. Wells Fargo & Company increased their price target on eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday. Piper Sandler reissued an “overweight” rating and set a $64.00 target price (up previously from $58.00) on shares of eBay in a research note on Thursday, August 1st. Daiwa America raised eBay to a “hold” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. assumed coverage on shares of eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price objective for the company. Finally, Citigroup boosted their target price on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $57.67.

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.