State of New Jersey Common Pension Fund D Sells 6,300 Shares of eBay Inc. (NASDAQ:EBAY)

State of New Jersey Common Pension Fund D decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 178,234 shares of the e-commerce company’s stock after selling 6,300 shares during the period. State of New Jersey Common Pension Fund D’s holdings in eBay were worth $11,042,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Wealth Group Ltd. acquired a new position in eBay during the 3rd quarter worth approximately $543,000. Exchange Traded Concepts LLC increased its holdings in shares of eBay by 3,496.6% during the third quarter. Exchange Traded Concepts LLC now owns 4,244 shares of the e-commerce company’s stock worth $276,000 after buying an additional 4,126 shares in the last quarter. Creative Planning lifted its stake in shares of eBay by 5.4% in the 3rd quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock valued at $4,285,000 after acquiring an additional 3,401 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after acquiring an additional 153 shares in the last quarter. Finally, Blue Trust Inc. grew its position in eBay by 372.7% during the 3rd quarter. Blue Trust Inc. now owns 5,053 shares of the e-commerce company’s stock worth $329,000 after acquiring an additional 3,984 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

Shares of EBAY stock opened at $69.90 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $65.30 and a two-hundred day simple moving average of $62.94. eBay Inc. has a 12 month low of $42.14 and a 12 month high of $71.52. The firm has a market capitalization of $33.48 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35.

Analysts Set New Price Targets

EBAY has been the subject of several research reports. Robert W. Baird dropped their target price on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Tuesday, November 5th. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and dropped their price target for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Barclays decreased their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.13.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 over the last three months. 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.