eBay Inc (EBAY) Position Reduced by Employees Retirement System of Texas

Employees Retirement System of Texas cut its holdings in eBay Inc (NASDAQ:EBAY) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,800 shares of the e-commerce company’s stock after selling 17,100 shares during the period. Employees Retirement System of Texas’ holdings in eBay were worth $5,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC acquired a new position in eBay in the third quarter valued at approximately $122,000. Steward Partners Investment Advisory LLC acquired a new position in eBay in the third quarter valued at approximately $139,000. Grove Bank & Trust lifted its holdings in eBay by 455.2% in the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock valued at $143,000 after acquiring an additional 3,050 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in eBay in the fourth quarter valued at approximately $190,000. Finally, Lakeview Capital Partners LLC acquired a new position in eBay in the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

A number of research firms recently commented on EBAY. Bank of America upped their price objective on eBay from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Wedbush reissued a “neutral” rating and issued a $46.00 target price on shares of eBay in a research report on Thursday, February 1st. Aegis reissued a “buy” rating and issued a $45.00 target price on shares of eBay in a research report on Friday, December 22nd. UBS Group reissued a “buy” rating and issued a $48.00 target price (up previously from $44.00) on shares of eBay in a research report on Thursday, February 1st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $43.00 target price on shares of eBay in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nineteen have given a buy rating to the company. eBay currently has an average rating of “Hold” and a consensus target price of $43.21.

eBay Inc (NASDAQ:EBAY) opened at $43.68 on Friday. The company has a market capitalization of $45,080.00, a price-to-earnings ratio of 22.52, a P/E/G ratio of 2.44 and a beta of 1.31. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.15. eBay Inc has a twelve month low of $31.89 and a twelve month high of $46.99.

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

eBay declared that its board has approved a stock repurchase plan on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

In related news, SVP Stephen Fisher sold 22,561 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $43.97, for a total value of $992,007.17. Following the transaction, the senior vice president now owns 95,383 shares of the company’s stock, valued at $4,193,990.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Doerger sold 6,660 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $35.99, for a total value of $239,693.40. Following the completion of the transaction, the vice president now directly owns 16,732 shares in the company, valued at approximately $602,184.68. The disclosure for this sale can be found here. Insiders sold 182,917 shares of company stock worth $7,804,973 in the last three months. 6.78% of the stock is currently owned by corporate insiders.

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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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