eBay Inc. $EBAY Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in shares of eBay Inc. (NASDAQ:EBAY) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 321,493 shares of the e-commerce company’s stock after selling 24,300 shares during the period. New York State Common Retirement Fund’s holdings in eBay were worth $29,240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EBAY. HB Wealth Management LLC increased its position in eBay by 5.1% during the 2nd quarter. HB Wealth Management LLC now owns 16,700 shares of the e-commerce company’s stock worth $1,244,000 after purchasing an additional 814 shares in the last quarter. Capital Investment Advisors LLC grew its stake in eBay by 2.2% during the second quarter. Capital Investment Advisors LLC now owns 6,280 shares of the e-commerce company’s stock worth $468,000 after buying an additional 138 shares during the period. Parsons Capital Management Inc. RI increased its position in shares of eBay by 1.1% in the second quarter. Parsons Capital Management Inc. RI now owns 21,411 shares of the e-commerce company’s stock worth $1,594,000 after acquiring an additional 228 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of eBay in the 2nd quarter valued at $222,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of eBay by 14.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 40,396 shares of the e-commerce company’s stock valued at $3,008,000 after acquiring an additional 4,951 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at eBay

In other eBay news, SVP Mazen Rawashdeh sold 1,920 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total transaction of $157,248.00. Following the transaction, the senior vice president directly owned 5,746 shares in the company, valued at $470,597.40. This represents a 25.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total transaction of $585,478.68. Following the transaction, the chief executive officer directly owned 235,781 shares of the company’s stock, valued at approximately $19,117,123.48. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,675 shares of company stock valued at $4,388,825 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EBAY. UBS Group set a $112.00 price target on shares of eBay in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft upped their target price on eBay from $96.00 to $100.00 in a research report on Thursday, October 30th. Sanford C. Bernstein set a $90.00 target price on eBay in a research note on Friday, October 31st. BMO Capital Markets boosted their price target on eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Piper Sandler lowered their price objective on shares of eBay from $102.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Fourteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.66.

eBay Price Performance

Shares of NASDAQ EBAY opened at $91.22 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The business has a 50 day moving average price of $87.54 and a two-hundred day moving average price of $88.92. The firm has a market cap of $41.23 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a return on equity of 41.94% and a net margin of 20.37%.The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the business posted $1.19 EPS. The business’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.