eBay Inc. (NASDAQ:EBAY) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 11.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,478 shares of the e-commerce company’s stock after selling 1,843 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in eBay were worth $943,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of eBay during the 2nd quarter worth $26,000. Tortoise Investment Management LLC boosted its position in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares during the period. LRI Investments LLC acquired a new stake in eBay during the 1st quarter worth about $29,000. Hobbs Group Advisors LLC purchased a new stake in eBay during the second quarter valued at about $29,000. Finally, Gradient Investments LLC boosted its holdings in shares of eBay by 86.3% in the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after buying an additional 284 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EBAY has been the topic of a number of recent analyst reports. Susquehanna upped their price target on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Piper Sandler increased their target price on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Barclays lowered their price target on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $65.00 price objective on shares of eBay in a research note on Tuesday, October 29th. Finally, Morgan Stanley raised their price objective on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.87.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $61.43 on Monday. The stock has a market capitalization of $29.42 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.60 and a beta of 1.34. The business has a 50-day moving average of $63.53 and a two-hundred day moving average of $57.55. eBay Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $67.80. 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 Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

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.