eBay Inc (EBAY) Stake Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in eBay Inc (NASDAQ:EBAY) by 24.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,441,172 shares of the e-commerce company’s stock after selling 456,599 shares during the period. Teacher Retirement System of Texas owned about 0.14% of eBay worth $54,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC lifted its position in eBay by 3.0% during the fourth quarter. Northwest Investment Counselors LLC now owns 42,468 shares of the e-commerce company’s stock worth $1,603,000 after buying an additional 1,221 shares in the last quarter. Caxton Associates LP raised its position in eBay by 10.7% in the second quarter. Caxton Associates LP now owns 13,500 shares of the e-commerce company’s stock valued at $471,000 after purchasing an additional 1,300 shares during the period. Tandem Investment Advisors Inc. raised its position in eBay by 16.1% in the second quarter. Tandem Investment Advisors Inc. now owns 10,013 shares of the e-commerce company’s stock valued at $350,000 after purchasing an additional 1,385 shares during the period. Security National Trust Co. raised its position in eBay by 10.6% in the third quarter. Security National Trust Co. now owns 14,685 shares of the e-commerce company’s stock valued at $564,000 after purchasing an additional 1,410 shares during the period. Finally, Amalgamated Bank raised its position in eBay by 1.3% in the third quarter. Amalgamated Bank now owns 114,862 shares of the e-commerce company’s stock valued at $4,418,000 after purchasing an additional 1,455 shares during the period. 88.28% of the stock is currently owned by institutional investors.

Shares of eBay Inc (NASDAQ EBAY) traded up $0.29 during trading hours on Thursday, reaching $42.44. The company’s stock had a trading volume of 9,930,100 shares, compared to its average volume of 11,808,834. eBay Inc has a 52-week low of $31.89 and a 52-week high of $46.99. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15. The firm has a market cap of $42,950.00, a PE ratio of 21.85, a PEG ratio of 2.40 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. equities analysts anticipate that eBay Inc will post 1.84 EPS for the current year.

eBay declared that its Board of Directors has authorized a stock repurchase program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Several equities research analysts recently issued reports on EBAY shares. JMP Securities reiterated a “neutral” rating on shares of eBay in a report on Tuesday, February 6th. Hilliard Lyons cut eBay from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. They noted that the move was a valuation call. Wedbush reissued a “neutral” rating and set a $46.00 target price on shares of eBay in a research note on Thursday, February 1st. Canaccord Genuity reissued a “hold” rating and set a $43.00 target price on shares of eBay in a research note on Thursday, February 1st. Finally, Goldman Sachs Group set a $49.00 price objective on eBay and gave the stock a “buy” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eighteen have assigned a buy rating to the company’s stock. eBay currently has a consensus rating of “Hold” and a consensus price target of $42.87.

In other news, insider Devin Wenig sold 134,207 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total transaction of $5,729,296.83. Following the sale, the insider now owns 642,077 shares in the company, valued at $27,410,267.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian J. Doerger sold 6,660 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $35.99, for a total value of $239,693.40. Following the sale, the vice president now owns 16,732 shares in the company, valued at approximately $602,184.68. The disclosure for this sale can be found here. Insiders have sold 199,752 shares of company stock worth $8,288,316 in the last 90 days. Insiders own 6.78% of the company’s stock.

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eBay Profile

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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