eBay Inc. $EBAY Stock Position Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its position in eBay Inc. (NASDAQ:EBAY) by 19.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,023,391 shares of the e-commerce company’s stock after selling 244,326 shares during the period. Retirement Systems of Alabama owned approximately 0.22% of eBay worth $76,202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Independent Franchise Partners LLP raised its stake in shares of eBay by 4.6% in the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock worth $791,714,000 after buying an additional 510,629 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of eBay by 5.6% in the 2nd quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock worth $674,061,000 after buying an additional 478,410 shares in the last quarter. Invesco Ltd. raised its stake in shares of eBay by 8.0% in the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock worth $571,736,000 after buying an additional 627,823 shares in the last quarter. Northern Trust Corp raised its stake in shares of eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after buying an additional 300,216 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of eBay by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock worth $417,021,000 after buying an additional 322,910 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Stock Down 0.0%

NASDAQ:EBAY opened at $99.54 on Thursday. The firm has a market capitalization of $45.49 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.39 and a beta of 1.31. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The business’s fifty day moving average price is $92.60 and its 200 day moving average price is $82.64.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.07. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.eBay’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. On average, sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th. eBay’s payout ratio is presently 25.55%.

Insiders Place Their Bets

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $93.25, for a total value of $7,082,524.00. Following the transaction, the senior vice president owned 53,107 shares in the company, valued at $4,952,227.75. The trade was a 58.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the completion of the transaction, the senior vice president owned 3,824 shares in the company, valued at $341,521.44. This trade represents a 33.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 96,743 shares of company stock valued at $8,979,844 over the last ninety days. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on eBay from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Bank of America boosted their target price on eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Cowen reaffirmed a “hold” rating on shares of eBay in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Arete Research raised eBay from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $89.57.

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.