Kentucky Retirement Systems Insurance Trust Fund Raises Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 185.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,261 shares of the e-commerce company’s stock after buying an additional 26,783 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in eBay were worth $2,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. Wellington Management Group LLP acquired a new stake in eBay during the 3rd quarter valued at approximately $105,506,000. International Assets Investment Management LLC raised its stake in eBay by 9,092.5% during the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock valued at $38,090,000 after acquiring an additional 578,649 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of eBay by 599.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after purchasing an additional 461,708 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of eBay during the 3rd quarter valued at $25,132,000. Finally, Nordea Investment Management AB increased its position in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of recent research reports. Citigroup lifted their target price on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial boosted their price target on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Mizuho boosted their price target on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley upped their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Benchmark reissued a “buy” rating and issued a $65.00 target price on shares of eBay in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $63.13.

eBay Stock Up 0.9 %

eBay stock opened at $69.90 on Tuesday. eBay Inc. has a twelve month low of $42.14 and a twelve month high of $71.52. The business has a fifty day moving average of $65.30 and a two-hundred day moving average of $62.94. 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 firm has a market cap of $33.48 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.15 and a beta of 1.35.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 in the last ninety days. Company 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.