eBay Inc. (NASDAQ:EBAY) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama grew its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 27.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 986,165 shares of the e-commerce company's stock after acquiring an additional 209,433 shares during the quarter. Retirement Systems of Alabama owned about 0.21% of eBay worth $64,209,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EBAY. Tortoise Investment Management LLC grew its holdings in shares of eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock worth $28,000 after purchasing an additional 465 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in eBay during the 2nd quarter worth approximately $29,000. Gradient Investments LLC increased its position in eBay by 86.3% during the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company's stock worth $33,000 after buying an additional 284 shares during the period. Quarry LP purchased a new stake in eBay in the third quarter valued at approximately $36,000. Finally, USA Financial Formulas purchased a new stake in eBay in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Trading Down 0.1 %

eBay stock traded down $0.06 during trading on Friday, reaching $63.84. The company had a trading volume of 4,278,542 shares, compared to its average volume of 5,299,535. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock's 50 day moving average price is $63.42 and its two-hundred day moving average price is $59.03. The firm has a market capitalization of $30.58 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 2.20 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. Stockholders of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, November 29th. eBay's dividend payout ratio is currently 27.14%.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,167 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now directly owns 531,167 shares of the company's stock, valued at $33,575,066.07. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,641 shares of company stock valued at $3,370,974. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EBAY shares. The Goldman Sachs Group upped their price target on shares of eBay from $46.00 to $55.00 and gave the company a "sell" rating in a research report on Tuesday, October 15th. Barclays decreased their target price on shares of eBay from $65.00 to $64.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Jefferies Financial Group cut eBay from a "hold" rating to an "underperform" rating and dropped their price target for the company from $60.00 to $52.00 in a research report on Tuesday. StockNews.com downgraded eBay from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus lifted their target price on eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $62.63.

eBay 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.