Kentucky Retirement Systems Insurance Trust Fund Sells 27,341 Shares of eBay Inc. (NASDAQ:EBAY)

Kentucky Retirement Systems Insurance Trust Fund reduced its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 66.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,920 shares of the e-commerce company's stock after selling 27,341 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in eBay were worth $943,000 as of its most recent filing with the SEC.

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

eBay Price Performance

Shares of NASDAQ:EBAY traded up $0.17 during trading on Wednesday, reaching $74.52. The stock had a trading volume of 4,787,750 shares, compared to its average volume of 5,016,822. eBay Inc. has a 52 week low of $52.03 and a 52 week high of $79.84. The business's 50-day moving average price is $72.34 and its 200 day moving average price is $67.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $34.35 billion, a PE ratio of 17.74, a P/E/G ratio of 2.08 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) 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 analysts' expectations of $2.55 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. eBay's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 27.62%.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 7,500 shares of the business's stock in a transaction that occurred 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. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the transaction, the senior vice president now owns 123,282 shares of the company's stock, valued at $8,559,469.26. This trade represents a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 315,918 shares of company stock worth $22,432,706 in the last quarter. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EBAY. Citigroup decreased their target price on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Robert W. Baird lifted their target price on eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Truist Financial lifted their target price on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a research report on Monday, May 12th. Finally, Cantor Fitzgerald lifted their target price on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, eBay presently has a consensus rating of "Hold" and an average target price of $67.73.

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.