eBay Inc (EBAY) Position Trimmed by Retirement Systems of Alabama

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Retirement Systems of Alabama decreased its holdings in shares of eBay Inc (NASDAQ:EBAY) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 428,961 shares of the e-commerce company’s stock after selling 4,876 shares during the quarter. Retirement Systems of Alabama’s holdings in eBay were worth $14,164,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in eBay by 49.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,182,128 shares of the e-commerce company’s stock valued at $441,723,000 after acquiring an additional 4,036,288 shares in the last quarter. Unigestion Holding SA acquired a new position in eBay in the 2nd quarter valued at approximately $96,013,000. Lindsell Train Ltd raised its holdings in eBay by 27.4% in the 3rd quarter. Lindsell Train Ltd now owns 7,844,900 shares of the e-commerce company’s stock valued at $259,039,000 after acquiring an additional 1,687,500 shares in the last quarter. First Manhattan Co. raised its holdings in eBay by 120.1% in the 2nd quarter. First Manhattan Co. now owns 2,258,336 shares of the e-commerce company’s stock valued at $81,887,000 after acquiring an additional 1,232,099 shares in the last quarter. Finally, LSV Asset Management raised its holdings in eBay by 73.0% in the 2nd quarter. LSV Asset Management now owns 2,502,873 shares of the e-commerce company’s stock valued at $90,754,000 after acquiring an additional 1,055,773 shares in the last quarter. Hedge funds and other institutional investors own 84.50% of the company’s stock.

Several equities analysts have commented on EBAY shares. TheStreet raised eBay from a “c+” rating to a “b-” rating in a report on Wednesday, September 12th. BidaskClub cut eBay from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 25th. Wedbush reaffirmed a “neutral” rating and issued a $36.00 price target on shares of eBay in a report on Thursday, September 13th. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price target on shares of eBay in a report on Monday, September 3rd. Finally, Credit Suisse Group cut their price target on eBay from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, July 16th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.41.

EBAY stock opened at $26.82 on Tuesday. eBay Inc has a fifty-two week low of $26.36 and a fifty-two week high of $46.99. The firm has a market cap of $27.05 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.68 and a beta of 1.20. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.29.

In related news, VP Brian J. Doerger sold 4,811 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $34.05, for a total transaction of $163,814.55. Following the completion of the sale, the vice president now directly owns 34,644 shares of the company’s stock, valued at approximately $1,179,628.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kristin A. Yetto sold 25,240 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $33.99, for a total value of $857,907.60. Following the sale, the senior vice president now directly owns 83,876 shares of the company’s stock, valued at $2,850,945.24. The disclosure for this sale can be found here. Insiders have sold a total of 127,642 shares of company stock valued at $4,364,399 over the last ninety days. Insiders own 6.22% of the company’s stock.

About eBay

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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