Kentucky Retirement Systems Insurance Trust Fund Acquires 26,783 Shares of eBay Inc. (NASDAQ:EBAY)

Kentucky Retirement Systems Insurance Trust Fund increased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 185.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,261 shares of the e-commerce company's stock after buying an additional 26,783 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in eBay were worth $2,556,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EBAY. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock worth $3,418,000 after buying an additional 153 shares in the last quarter. Cypress Wealth Services LLC raised its holdings in eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after purchasing an additional 157 shares in the last quarter. Capital Investment Advisors LLC lifted its position in eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after purchasing an additional 167 shares during the period. Optas LLC lifted its position in eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock worth $2,219,000 after purchasing an additional 171 shares during the period. Finally, Kathmere Capital Management LLC boosted its stake in eBay by 1.2% during the 4th quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company's stock valued at $883,000 after purchasing an additional 173 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,746,065 in the last 90 days. 0.38% of the stock is currently owned by insiders.

eBay Stock Down 0.1 %

Shares of NASDAQ:EBAY traded down $0.07 during midday trading on Friday, reaching $69.39. The company had a trading volume of 4,010,627 shares, compared to its average volume of 4,335,389. The business's 50 day moving average price is $65.76 and its 200 day moving average price is $63.22. eBay Inc. has a 1-year low of $43.12 and a 1-year high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $33.24 billion, a PE ratio of 17.43, a P/E/G ratio of 2.21 and a beta of 1.35.

Analyst Upgrades and Downgrades

EBAY has been the topic of several research reports. Barclays dropped their price target on eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Truist Financial boosted their target price on eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. JMP Securities reiterated a "market perform" rating on shares of eBay in a research report on Monday, December 16th. JPMorgan Chase & Co. cut their price objective on eBay from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Finally, StockNews.com lowered shares of eBay from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $63.13.

eBay Company Profile

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.