Kentucky Retirement Systems Sells 4,064 Shares of eBay Inc. (NASDAQ:EBAY)

Kentucky Retirement Systems lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 10.7% in the 3rd quarter, Holdings Channel reports. The firm owned 34,066 shares of the e-commerce company’s stock after selling 4,064 shares during the period. Kentucky Retirement Systems’ holdings in eBay were worth $2,218,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares in the last quarter. Mirova US LLC increased its position in eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. raised its stake in eBay by 12.5% during the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after purchasing an additional 838,969 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after purchasing an additional 530,941 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of eBay by 22.2% in the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after buying an additional 1,216,885 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on EBAY. Deutsche Bank Aktiengesellschaft lowered their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. Wells Fargo & Company lowered their price objective on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Barclays cut their target price on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Truist Financial lifted their price objective on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Susquehanna increased their target price on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, eBay has an average rating of “Hold” and an average price target of $62.87.

eBay Price Performance

Shares of EBAY opened at $61.43 on Monday. 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 company has a 50 day moving average price of $63.53 and a 200-day moving average price of $57.55. eBay Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $67.80. The stock has a market capitalization of $29.42 billion, a PE ratio of 15.43, a PEG ratio of 1.60 and a beta of 1.34.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.76%. eBay’s dividend payout ratio is currently 27.14%.

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.