Teachers Retirement System of The State of Kentucky Has $10.22 Million Holdings in eBay (NASDAQ:EBAY)

Teachers Retirement System of The State of Kentucky lowered its position in eBay (NASDAQ:EBAY) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 270,718 shares of the e-commerce company’s stock after selling 42,615 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in eBay were worth $10,217,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Cabot Wealth Management Inc. boosted its position in eBay by 0.7% in the 4th quarter. Cabot Wealth Management Inc. now owns 172,705 shares of the e-commerce company’s stock valued at $6,518,000 after buying an additional 1,219 shares during the last quarter. Northwest Investment Counselors LLC boosted its position in shares of eBay by 3.0% in the 4th quarter. Northwest Investment Counselors LLC now owns 42,468 shares of the e-commerce company’s stock worth $1,603,000 after purchasing an additional 1,221 shares during the last quarter. Security National Trust Co. boosted its position in shares of eBay by 10.6% in the 3rd quarter. Security National Trust Co. now owns 14,685 shares of the e-commerce company’s stock worth $564,000 after purchasing an additional 1,410 shares during the last quarter. Amalgamated Bank boosted its position in shares of eBay by 1.3% in the 3rd quarter. Amalgamated Bank now owns 114,862 shares of the e-commerce company’s stock worth $4,418,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Hermes Investment Management Ltd. boosted its position in shares of eBay by 17.9% in the 4th quarter. Hermes Investment Management Ltd. now owns 9,900 shares of the e-commerce company’s stock worth $374,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors own 88.86% of the company’s stock.

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Shares of EBAY opened at $39.09 on Friday. The firm has a market cap of $40,270.66, a price-to-earnings ratio of 23.98, a PEG ratio of 2.26 and a beta of 1.24. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15. eBay has a 12 month low of $31.89 and a 12 month high of $46.99.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.59. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 9.1% on a year-over-year basis. sell-side analysts predict that eBay will post 1.84 EPS for the current year.

eBay announced that its board has approved a stock buyback plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the e-commerce company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other eBay news, CFO Scott F. Schenkel sold 131,332 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $43.25, for a total value of $5,680,109.00. Following the completion of the sale, the chief financial officer now owns 91,757 shares in the company, valued at approximately $3,968,490.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Stephen Fisher sold 22,561 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $43.97, for a total transaction of $992,007.17. Following the completion of the sale, the senior vice president now owns 95,383 shares of the company’s stock, valued at approximately $4,193,990.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 393,202 shares of company stock worth $16,971,727. 6.78% of the stock is owned by insiders.

EBAY has been the topic of several recent analyst reports. Morgan Stanley set a $36.00 target price on eBay and gave the stock a “sell” rating in a report on Friday, January 12th. Credit Suisse Group reissued an “in-line” rating and issued a $51.00 price target (up previously from $46.00) on shares of eBay in a research note on Thursday, February 1st. Aegis reaffirmed a “buy” rating and issued a $45.00 target price on shares of eBay in a research report on Saturday, December 30th. SunTrust Banks raised eBay from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Friday, January 12th. Finally, Robert W. Baird set a $52.00 price target on eBay and gave the stock a “buy” rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. eBay presently has an average rating of “Hold” and an average price target of $43.46.

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eBay Profile

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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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