eBay Inc. (NASDAQ:EBAY) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in eBay Inc. (NASDAQ:EBAY) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 250,578 shares of the e-commerce company’s stock after selling 1,898 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in eBay were worth $15,523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC lifted its stake in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after purchasing an additional 1,063 shares during the period. Kestra Investment Management LLC increased its holdings in eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after acquiring an additional 7,074 shares in the last quarter. Trustmark National Bank Trust Department purchased a new position in eBay during the 3rd quarter valued at about $1,307,000. Finally, Prospera Financial Services Inc increased its holdings in eBay by 794.2% during the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after acquiring an additional 62,719 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,141,040.40. This represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EBAY shares. Wedbush started coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Benchmark reaffirmed a “buy” rating and set a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. Citigroup boosted their target price on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.38.

eBay Price Performance

Shares of NASDAQ EBAY opened at $69.99 on Tuesday. eBay Inc. has a twelve month low of $43.67 and a twelve month high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $33.53 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.22 and a beta of 1.35. The firm has a 50-day moving average of $66.00 and a two-hundred day moving average of $63.53.

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.