Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 4,601 Shares of eBay Inc. (NASDAQ:EBAY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,850 shares of the e-commerce company's stock after selling 4,601 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in eBay were worth $6,310,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock valued at $573,220,000 after purchasing an additional 335,035 shares during the last quarter. Victory Capital Management Inc. grew its holdings in eBay by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock worth $367,767,000 after buying an additional 82,904 shares in the last quarter. Boston Partners raised its position in eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after buying an additional 1,524,691 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in eBay by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company's stock valued at $354,695,000 after acquiring an additional 216,162 shares in the last quarter. Finally, Amundi boosted its holdings in eBay by 16.8% during the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company's stock worth $292,350,000 after acquiring an additional 677,389 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at $6,329,927.52. This represents a 4.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,033 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock valued at $1,061,665 in the last 90 days. Corporate insiders own 0.38% of the company's stock.

eBay Price Performance

Shares of EBAY traded down $0.23 during mid-day trading on Tuesday, reaching $66.31. 1,382,222 shares of the stock traded hands, compared to its average volume of 4,751,862. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The company has a market cap of $30.90 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The firm has a fifty day moving average price of $67.01 and a 200 day moving average price of $64.77.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This is a positive change from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, March 14th. eBay's dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EBAY. JMP Securities reissued a "market perform" rating on shares of eBay in a research report on Monday, December 16th. BMO Capital Markets boosted their target price on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. increased their price target on eBay from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Cantor Fitzgerald boosted their price objective on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Finally, Susquehanna raised their target price on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, eBay currently has an average rating of "Hold" and a consensus price target of $65.54.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.