eBay Inc. (NASDAQ:EBAY) Shares Sold by Teacher Retirement System of Texas

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

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in eBay in the 4th quarter worth about $27,000. Pinney & Scofield Inc. bought a new position in shares of eBay in the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in eBay during the fourth quarter valued at approximately $33,000. Ameriflex Group Inc. bought a new stake in eBay during the 4th quarter worth approximately $38,000. Finally, Transce3nd LLC bought a new stake in eBay during the 4th quarter worth approximately $36,000. 87.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on EBAY. Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. JMP Securities reissued a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Piper Sandler upped their target price on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus lifted their price target on eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. increased their price objective on eBay from $60.00 to $66.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $67.85.

eBay Price Performance

NASDAQ EBAY traded up $0.56 on Friday, reaching $76.34. The company had a trading volume of 2,162,941 shares, compared to its average volume of 5,038,193. The stock has a market capitalization of $35.19 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26. eBay Inc. has a 12 month low of $52.14 and a 12 month high of $79.84. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm's 50 day moving average price is $73.53 and its 200 day moving average price is $68.53.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The company had revenue of $2.59 billion for 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 revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors 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 annualized dividend and a yield of 1.52%. eBay's dividend payout ratio is currently 27.62%.

Insider Buying and Selling

In other eBay news, SVP Julie A. Loeger sold 92,895 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the sale, the senior vice president directly owned 123,282 shares of the company's stock, valued at approximately $8,883,700.92. This represents a 42.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of the firm's stock in a transaction dated 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 sale, the senior vice president owned 92,053 shares in the company, valued at $7,241,809.51. This represents a 3.14% 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. Insiders own 0.64% of the company's stock.

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.