Teacher Retirement System of Texas Sells 4,309 Shares of eBay Inc. (NASDAQ:EBAY)

Teacher Retirement System of Texas decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,666 shares of the e-commerce company's stock after selling 4,309 shares during the quarter. Teacher Retirement System of Texas' holdings in eBay were worth $11,356,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EBAY. Oppenheimer & Co. Inc. lifted its stake in eBay by 5.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,150 shares of the e-commerce company's stock valued at $257,000 after acquiring an additional 224 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in eBay by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock valued at $503,000 after acquiring an additional 2,110 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in eBay in the fourth quarter valued at $134,000. Steward Partners Investment Advisory LLC lifted its stake in eBay by 11.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 50,549 shares of the e-commerce company's stock valued at $3,132,000 after acquiring an additional 5,209 shares during the last quarter. Finally, Keybank National Association OH lifted its stake in eBay by 5.5% in the fourth quarter. Keybank National Association OH now owns 16,943 shares of the e-commerce company's stock valued at $1,050,000 after acquiring an additional 879 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EBAY shares. Cfra Research upgraded shares of eBay to a "moderate buy" rating in a research note on Thursday, June 5th. JMP Securities reiterated a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. UBS Group increased their price target on shares of eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Morgan Stanley increased their price target on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus price target of $67.85.

eBay Price Performance

Shares of NASDAQ EBAY traded down $0.58 during midday trading on Tuesday, reaching $75.33. The company's stock had a trading volume of 3,405,261 shares, compared to its average volume of 5,044,949. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. eBay Inc. has a fifty-two week low of $52.15 and a fifty-two week high of $79.84. The business's 50 day moving average price is $73.88 and its two-hundred day moving average price is $68.71. The company has a market cap of $34.73 billion, a P/E ratio of 17.94, a P/E/G ratio of 2.12 and a beta of 1.26.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The firm's quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal 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 given a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.54%. eBay's payout ratio is 27.62%.

Insider Activity

In related news, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the transaction, the senior vice president directly owned 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 legal filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 12,644 shares of eBay stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total transaction of $961,196.88. Following the completion of the transaction, the chief executive officer directly owned 317,625 shares in the company, valued at $24,145,852.50. This trade represents a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 326,183 shares of company stock valued at $23,490,942. 0.64% of the stock is owned by insiders.

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.