California State Teachers Retirement System boosted its stake in eBay Inc (NASDAQ:EBAY) by 6.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,860,190 shares of the e-commerce company’s stock after acquiring an additional 108,742 shares during the quarter. California State Teachers Retirement System owned 0.18% of eBay worth $70,204,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in EBAY. Pinnacle Wealth Planning Services Inc. acquired a new stake in eBay in the 4th quarter valued at $107,000. Valeo Financial Advisors LLC acquired a new stake in eBay during the 3rd quarter worth $122,000. Steward Partners Investment Advisory LLC acquired a new stake in eBay during the 3rd quarter worth $139,000. Grove Bank & Trust boosted its stake in eBay by 455.2% during the 3rd quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock worth $143,000 after purchasing an additional 3,050 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in eBay during the 4th quarter worth $190,000. 88.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of eBay Inc (NASDAQ:EBAY) opened at $42.82 on Wednesday. The stock has a market cap of $43,340.00, a PE ratio of 22.07, a P/E/G ratio of 2.49 and a beta of 1.20. eBay Inc has a fifty-two week low of $31.89 and a fifty-two week high of $46.99. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.19 and a quick ratio of 2.19.
eBay announced that its Board of Directors has initiated a share buyback program on Wednesday, January 31st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages have issued reports on EBAY. Goldman Sachs Group set a $49.00 target price on shares of eBay and gave the stock a “buy” rating in a research note on Thursday, February 1st. Barclays set a $49.00 target price on shares of eBay and gave the stock a “buy” rating in a research note on Thursday, February 1st. Robert W. Baird set a $52.00 target price on shares of eBay and gave the stock a “buy” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. set a $45.00 target price on shares of eBay and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Finally, Macquarie set a $46.00 target price on shares of eBay and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $43.46.
In other eBay news, SVP Joo Man Park sold 4,924 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $42.67, for a total transaction of $210,107.08. Following the sale, the senior vice president now directly owns 55,340 shares in the company, valued at $2,361,357.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephen Fisher sold 22,561 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $43.97, for a total transaction of $992,007.17. Following the sale, the senior vice president now owns 95,383 shares in the company, valued at $4,193,990.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 393,202 shares of company stock worth $16,971,727. 6.78% of the stock is owned by insiders.
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eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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