eBay Inc. (NASDAQ:EBAY) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,572 shares of the e-commerce company's stock after selling 13,323 shares during the period. Public Employees Retirement System of Ohio's holdings in eBay were worth $13,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company's stock worth $2,963,000 after buying an additional 21,636 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company's stock worth $4,598,000 after purchasing an additional 62,719 shares in the last quarter. Trustmark National Bank Trust Department acquired a new position in eBay in the 3rd quarter valued at $1,307,000. Assenagon Asset Management S.A. lifted its holdings in eBay by 234.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company's stock valued at $9,806,000 after purchasing an additional 127,991 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in eBay by 42.9% during the 2nd quarter. Federated Hermes Inc. now owns 547,517 shares of the e-commerce company's stock worth $29,413,000 after purchasing an additional 164,282 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EBAY. Piper Sandler boosted their target price on eBay from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Sanford C. Bernstein upgraded eBay from a "market perform" rating to an "outperform" rating and set a $70.00 target price for the company in a report on Tuesday, November 5th. Mizuho lifted their price target on eBay from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Stifel Nicolaus raised their price objective on shares of eBay from $56.00 to $64.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Finally, Robert W. Baird decreased their target price on shares of eBay from $70.00 to $68.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $62.63.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares of the company's stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,641 shares of company stock valued at $3,370,974. Insiders own 0.38% of the company's stock.

eBay Stock Up 1.2 %

Shares of EBAY traded up $0.73 during midday trading on Thursday, hitting $63.90. The company had a trading volume of 3,770,705 shares, compared to its average volume of 5,303,787. The company's 50-day simple moving average is $63.45 and its 200-day simple moving average is $59.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $67.80. The firm has a market capitalization of $30.61 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.67 and a beta of 1.35.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, November 29th. eBay's dividend payout ratio is presently 27.14%.

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.