State of Tennessee Department of Treasury Has $12.77 Million Holdings in eBay Inc. (NASDAQ:EBAY)

State of Tennessee Department of Treasury lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 206,173 shares of the e-commerce company's stock after selling 9,169 shares during the quarter. State of Tennessee Department of Treasury's holdings in eBay were worth $12,772,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EBAY. Smithfield Trust Co increased its position in eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after purchasing an additional 153 shares in the last quarter. Cypress Wealth Services LLC grew its holdings in eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after acquiring an additional 157 shares in the last quarter. IFP Advisors Inc grew its stake in eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after purchasing an additional 163 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after acquiring an additional 167 shares in the last quarter. Finally, Bailard Inc. increased its stake in eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock valued at $2,147,000 after purchasing an additional 169 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of EBAY stock traded up $0.63 during trading on Friday, reaching $67.83. The company had a trading volume of 4,200,775 shares, compared to its average volume of 4,956,502. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The company has a market capitalization of $31.61 billion, a PE ratio of 17.04, a PEG ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm's 50 day simple moving average is $66.05 and its two-hundred day simple moving average is $64.98.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio (DPR) is 29.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EBAY. Cantor Fitzgerald boosted their price target on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. UBS Group boosted their price objective on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Wells Fargo & Company cut their target price on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Sanford C. Bernstein downgraded eBay from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $70.00 to $65.00 in a report on Tuesday. Finally, Morgan Stanley lowered their price objective on shares of eBay from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $64.79.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,308,946.80. The trade was a 1.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,310 shares of company stock worth $3,121,626. Company insiders own 0.38% of the company's stock.

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.