Public Employees Retirement Association of Colorado Trims Holdings in eBay Inc. (NASDAQ:EBAY)

Public Employees Retirement Association of Colorado decreased its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,103 shares of the e-commerce company's stock after selling 4,943 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in eBay were worth $2,980,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in shares of eBay during the 4th quarter worth $27,000. New Wave Wealth Advisors LLC acquired a new stake in eBay during the 4th quarter valued at $36,000. Transce3nd LLC purchased a new position in eBay in the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. bought a new stake in shares of eBay during the 4th quarter valued at about $40,000. Finally, Versant Capital Management Inc lifted its holdings in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after acquiring an additional 448 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets increased their target price on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Truist Financial boosted their target price on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a report on Thursday. Evercore ISI increased their target price on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a report on Thursday. Wells Fargo & Company upped their price target on eBay from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Benchmark upped their price objective on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $67.12.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,413,725.60. The trade was a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,310 shares of company stock valued at $3,121,626. 0.38% of the stock is currently owned by corporate insiders.

eBay Price Performance

Shares of eBay stock traded up $0.93 on Friday, hitting $68.60. 5,892,928 shares of the company traded hands, compared to its average volume of 4,998,958. The company has a market cap of $31.97 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.22 and a beta of 1.43. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The firm's 50-day simple moving average is $65.87 and its 200 day simple moving average is $65.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 earnings per share. Analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.69%. eBay's payout ratio is 29.07%.

About eBay

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.