eBay Inc (EBAY) Shares Sold by IBM Retirement Fund

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IBM Retirement Fund lowered its position in shares of eBay Inc (NASDAQ:EBAY) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,774 shares of the e-commerce company’s stock after selling 1,550 shares during the period. IBM Retirement Fund’s holdings in eBay were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EBAY. Clean Yield Group bought a new stake in eBay during the fourth quarter worth about $28,000. Lindbrook Capital LLC bought a new stake in eBay during the fourth quarter worth about $35,000. Berman Capital Advisors LLC bought a new stake in eBay during the fourth quarter worth about $41,000. Financial Gravity Companies Inc. purchased a new position in shares of eBay in the fourth quarter worth about $42,000. Finally, JOYN Advisors Inc. increased its holdings in shares of eBay by 64.0% in the fourth quarter. JOYN Advisors Inc. now owns 2,320 shares of the e-commerce company’s stock worth $65,000 after buying an additional 905 shares during the period. 84.60% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on EBAY shares. BidaskClub upgraded eBay from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. Morgan Stanley downgraded eBay from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $55.00 to $33.00 in a report on Wednesday, December 12th. ValuEngine upgraded eBay from a “sell” rating to a “hold” rating in a report on Saturday, December 15th. Wells Fargo & Co decreased their price objective on eBay from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, December 21st. Finally, Aegis restated a “buy” rating and set a $40.00 price target (down previously from $44.00) on shares of eBay in a report on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $39.13.

In other eBay news, Director Robert Holmes Swan acquired 17,787 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were acquired at an average cost of $28.21 per share, with a total value of $501,771.27. Following the transaction, the director now owns 289,207 shares of the company’s stock, valued at approximately $8,158,529.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Doerger sold 10,185 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $34.30, for a total value of $349,345.50. Following the completion of the transaction, the vice president now directly owns 39,544 shares in the company, valued at $1,356,359.20. The disclosure for this sale can be found here. Corporate insiders own 6.22% of the company’s stock.

Shares of EBAY opened at $36.27 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.22. eBay Inc has a 52 week low of $26.01 and a 52 week high of $43.00. The company has a market capitalization of $33.21 billion, a PE ratio of 15.63, a P/E/G ratio of 1.77 and a beta of 1.36.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. eBay had a return on equity of 27.40% and a net margin of 23.54%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.86 billion. As a group, analysts forecast that eBay Inc will post 2.15 earnings per share for the current fiscal year.

The firm also recently disclosed a Not Available dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 28th. eBay’s dividend payout ratio (DPR) is presently 24.14%.

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eBay Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps 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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