Illinois Municipal Retirement Fund Grows Holdings in eBay Inc. (NASDAQ:EBAY)

Illinois Municipal Retirement Fund boosted its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 8.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,067 shares of the e-commerce company's stock after purchasing an additional 21,489 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of eBay worth $18,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in eBay in the fourth quarter valued at approximately $27,000. Pinney & Scofield Inc. purchased a new stake in eBay in the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay in the 4th quarter valued at $33,000. Transce3nd LLC acquired a new position in shares of eBay in the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. purchased a new position in shares of eBay during the 4th quarter worth $38,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of eBay from $60.00 to $66.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective on the stock in a report on Monday, May 12th. Wall Street Zen raised shares of eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. TD Securities lifted their target price on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Susquehanna upped their price target on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, eBay has a consensus rating of "Hold" and a consensus target price of $67.73.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 7,500 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares in the company, valued at $39,153,665.80. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,413,725.60. The trade was a 30.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 315,918 shares of company stock worth $22,432,706 over the last three months. Insiders own 0.64% of the company's stock.

eBay Stock Up 0.1%

Shares of EBAY stock traded up $0.08 on Friday, reaching $73.76. 7,438,208 shares of the stock were exchanged, compared to its average volume of 5,040,507. The company has a market capitalization of $34.00 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.08 and a beta of 1.27. The business's 50 day moving average price is $72.49 and its 200 day moving average price is $68.04. 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 Inc. has a twelve month low of $52.03 and a twelve month high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (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 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 EPS. eBay's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.57%. eBay's dividend payout ratio is currently 27.62%.

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.