Retirement Systems of Alabama Has $85.86 Million Stake in eBay Inc. (NASDAQ:EBAY)

Retirement Systems of Alabama boosted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 29.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,267,717 shares of the e-commerce company's stock after purchasing an additional 285,636 shares during the period. Retirement Systems of Alabama owned 0.27% of eBay worth $85,862,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its position in eBay by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after acquiring an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP increased its stake in shares of eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after purchasing an additional 2,277,839 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of eBay by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after purchasing an additional 245,624 shares during the period. Northern Trust Corp lifted its stake in eBay by 17.8% in the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after purchasing an additional 1,030,292 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in eBay by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock valued at $367,767,000 after buying an additional 82,904 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EBAY has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Wells Fargo & Company raised their price objective on shares of eBay from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Wall Street Zen raised eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Morgan Stanley increased their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Susquehanna boosted their price target on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $67.73.

eBay Price Performance

EBAY traded up $0.09 on Friday, reaching $77.62. The stock had a trading volume of 11,017,257 shares, compared to its average volume of 5,019,492. The firm has a 50-day moving average of $71.76 and a 200-day moving average of $67.74. eBay Inc. has a fifty-two week low of $52.03 and a fifty-two week high of $79.84. The company has a market capitalization of $35.78 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 2.17 and a beta of 1.27. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 earnings per share. As a group, sell-side analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.49%. eBay's dividend payout ratio (DPR) is presently 27.62%.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the transaction, the senior vice president now owns 92,053 shares of the company's stock, valued at $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. This trade represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 292,321 shares of company stock valued at $20,606,770 over the last 90 days. 0.64% of the stock is owned by 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.