eBay Inc. (NASDAQ:EBAY) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund lowered its stake in shares of eBay Inc. (NASDAQ:EBAYGet Rating) by 6.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,198 shares of the e-commerce company’s stock after selling 5,145 shares during the quarter. Texas Permanent School Fund’s holdings in eBay were worth $4,649,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EBAY. National Asset Management Inc. increased its holdings in eBay by 15.6% in the 4th quarter. National Asset Management Inc. now owns 4,350 shares of the e-commerce company’s stock worth $290,000 after buying an additional 588 shares during the period. CWM LLC acquired a new position in eBay in the 4th quarter worth approximately $435,000. FDx Advisors Inc. acquired a new position in eBay in the 4th quarter worth approximately $230,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in eBay by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,768,219 shares of the e-commerce company’s stock worth $184,087,000 after buying an additional 33,168 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in eBay by 5.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 322,585 shares of the e-commerce company’s stock worth $21,495,000 after buying an additional 15,799 shares during the period. Institutional investors and hedge funds own 88.99% of the company’s stock.

eBay Trading Down 1.2 %

Shares of EBAY stock opened at $47.28 on Friday. The stock’s fifty day moving average is $45.11 and its two-hundred day moving average is $51.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.48 and a current ratio of 1.28. The firm has a market capitalization of $26.47 billion, a P/E ratio of 112.57, a PEG ratio of 2.02 and a beta of 1.22. eBay Inc. has a fifty-two week low of $40.52 and a fifty-two week high of $81.19.

eBay (NASDAQ:EBAYGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The e-commerce company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.09. eBay had a return on equity of 24.42% and a net margin of 3.60%. During the same period last year, the company posted $0.82 EPS. Research analysts expect that eBay Inc. will post 3.23 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, September 1st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Wednesday, August 31st. eBay’s dividend payout ratio (DPR) is presently 209.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EBAY shares. JPMorgan Chase & Co. cut their price target on shares of eBay from $54.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, June 29th. Robert W. Baird increased their price target on shares of eBay from $54.00 to $60.00 in a report on Thursday. JMP Securities assumed coverage on shares of eBay in a research note on Wednesday, June 1st. They set a “market perform” rating on the stock. Piper Sandler dropped their price objective on shares of eBay from $63.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Credit Suisse Group raised their price objective on shares of eBay from $59.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $60.89.

Insiders Place Their Bets

In other eBay news, CAO Brian J. Doerger sold 7,942 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $45.16, for a total value of $358,660.72. Following the completion of the sale, the chief accounting officer now directly owns 18,562 shares of the company’s stock, valued at approximately $838,259.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other eBay news, CAO Brian J. Doerger sold 7,942 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $45.16, for a total value of $358,660.72. Following the completion of the sale, the chief accounting officer now directly owns 18,562 shares of the company’s stock, valued at approximately $838,259.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian J. Doerger sold 3,633 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $47.95, for a total value of $174,202.35. Following the completion of the sale, the chief accounting officer now directly owns 14,929 shares of the company’s stock, valued at $715,845.55. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

eBay Profile

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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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