Teacher Retirement System of Texas cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,863,744 shares of the e-commerce company’s stock after selling 165,799 shares during the period. Teacher Retirement System of Texas’ holdings in eBay were worth $65,082,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in EBAY. Windward Capital Management Co. CA increased its stake in eBay by 0.6% in the first quarter. Windward Capital Management Co. CA now owns 171,072 shares of the e-commerce company’s stock valued at $5,742,000 after buying an additional 1,056 shares during the last quarter. Round Table Services LLC bought a new stake in eBay during the first quarter valued at approximately $259,000. Quantitative Systematic Strategies LLC increased its stake in eBay by 46.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 54,860 shares of the e-commerce company’s stock valued at $1,842,000 after buying an additional 17,337 shares during the last quarter. Bank of The West bought a new stake in eBay during the first quarter valued at approximately $213,000. Finally, DnB Asset Management AS increased its stake in eBay by 5.1% in the first quarter. DnB Asset Management AS now owns 288,045 shares of the e-commerce company’s stock valued at $9,670,000 after buying an additional 14,100 shares during the last quarter. 86.48% of the stock is owned by institutional investors.

eBay Inc. (EBAY) opened at 34.99 on Friday. The company has a 50 day moving average price of $35.77 and a 200-day moving average price of $34.17. The firm has a market capitalization of $37.45 billion, a price-to-earnings ratio of 5.25 and a beta of 1.36. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $37.48.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS. On average, analysts forecast that eBay Inc. will post $2.01 EPS for the current fiscal year.

eBay declared that its board has initiated a stock repurchase program on Thursday, July 20th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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Several research firms have recently commented on EBAY. Citigroup Inc. reissued a “buy” rating and issued a $43.00 price objective (up previously from $42.00) on shares of eBay in a report on Friday, July 21st. UBS AG set a $40.00 price objective on eBay and gave the company a “buy” rating in a report on Friday, July 21st. Barclays PLC reissued an “overweight” rating and issued a $42.00 price objective (up previously from $41.00) on shares of eBay in a report on Friday, July 21st. J P Morgan Chase & Co set a $38.00 price objective on eBay and gave the company a “neutral” rating in a report on Friday, July 21st. Finally, Stifel Nicolaus set a $36.00 price objective on eBay and gave the company a “neutral” rating in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $36.97.

In related news, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $35.00, for a total transaction of $875,000.00. Following the transaction, the director now directly owns 286,562 shares in the company, valued at approximately $10,029,670. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kathleen C. Mitic sold 11,897 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $33.84, for a total value of $402,594.48. Following the transaction, the director now owns 20,162 shares in the company, valued at $682,282.08. The disclosure for this sale can be found here. Insiders have sold a total of 72,303 shares of company stock worth $2,560,022 over the last quarter. Corporate insiders own 6.78% of the company’s stock.

About eBay

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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