eBay Inc. (NASDAQ:EBAY) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of eBay Inc. (NASDAQ:EBAY) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 101,850 shares of the e-commerce company’s stock after selling 4,601 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in eBay were worth $6,310,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Golden State Wealth Management LLC acquired a new position in eBay during the fourth quarter worth $27,000. Quarry LP purchased a new position in eBay during the third quarter worth $36,000. New Wave Wealth Advisors LLC purchased a new position in eBay during the fourth quarter worth $36,000. Versant Capital Management Inc increased its position in eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its position in eBay by 37.8% during the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after buying an additional 230 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Down 0.8 %

Shares of EBAY opened at $65.78 on Friday. The stock’s 50-day moving average is $66.99 and its two-hundred day moving average is $64.68. The stock has a market cap of $30.65 billion, a PE ratio of 16.53, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the transaction, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock worth $1,061,665 over the last quarter. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Bank of America dropped their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Susquehanna raised their price target on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Finally, Benchmark lifted their price objective on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $65.54.

eBay Company 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.