Teacher Retirement System of Texas Grows Stock Position in eBay Inc. (NASDAQ:EBAY)

Teacher Retirement System of Texas raised its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 61.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,975 shares of the e-commerce company's stock after acquiring an additional 65,313 shares during the period. Teacher Retirement System of Texas' holdings in eBay were worth $10,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Wellington Management Group LLP purchased a new stake in eBay during the third quarter valued at $105,506,000. Raymond James Financial Inc. purchased a new stake in shares of eBay during the 4th quarter valued at about $96,214,000. Boston Partners grew its position in eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock worth $362,823,000 after acquiring an additional 1,524,691 shares in the last quarter. Amundi increased its stake in eBay by 16.8% during the fourth 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. Finally, Allianz Asset Management GmbH raised its position in eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company's stock valued at $152,451,000 after purchasing an additional 463,015 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EBAY. UBS Group lifted their target price on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of eBay in a research note on Thursday, February 27th. JPMorgan Chase & Co. increased their target price on shares of eBay from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Wedbush began coverage on shares of eBay in a research note on Monday, December 9th. They set a "neutral" rating and a $70.00 price target for the company. Finally, Stifel Nicolaus reduced their price objective on shares of eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of "Hold" and a consensus price target of $65.54.

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eBay Stock Down 0.4 %

EBAY stock traded down $0.24 during trading on Tuesday, hitting $66.30. 4,083,981 shares of the company's stock traded hands, compared to its average volume of 4,748,370. The firm has a market capitalization of $30.90 billion, a P/E ratio of 16.66, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. 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 business has a fifty day simple moving average of $67.04 and a two-hundred day simple moving average of $64.82.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.75%. eBay's dividend payout ratio (DPR) is currently 29.07%.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the transaction, the chief executive officer now owns 542,248 shares of the company's stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 16,241 shares of company stock valued at $1,061,665. Corporate insiders own 0.38% of the company's stock.

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.