Oregon Public Employees Retirement Fund Has $2.54 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Oregon Public Employees Retirement Fund lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 2.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 41,040 shares of the e-commerce company’s stock after selling 850 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in eBay were worth $2,542,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EBAY. Wellington Management Group LLP acquired a new stake in shares of eBay during the 3rd quarter worth about $105,506,000. Allianz Asset Management GmbH increased its position in eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after acquiring an additional 463,015 shares during the period. Janney Montgomery Scott LLC increased its position in eBay by 599.3% during the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock worth $35,078,000 after acquiring an additional 461,708 shares during the period. Lord Abbett & CO. LLC bought a new position in eBay during the third quarter worth about $25,132,000. Finally, Nordea Investment Management AB increased its position in eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after acquiring an additional 335,035 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EBAY. Truist Financial raised their price target on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Morgan Stanley raised their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Robert W. Baird lowered their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. BMO Capital Markets raised their price target on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $65.33.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock worth $1,746,065 in the last ninety days. Company insiders own 0.38% of the company’s stock.

eBay Stock Down 8.2 %

NASDAQ:EBAY opened at $63.48 on Friday. The firm’s 50 day simple moving average is $66.23 and its 200 day simple moving average is $63.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a one year low of $46.98 and a one year high of $71.61. The company has a market cap of $30.41 billion, a PE ratio of 15.95, a P/E/G ratio of 2.22 and a beta of 1.35.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.83%. eBay’s dividend payout ratio (DPR) is currently 27.14%.

eBay Company 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.