Teacher Retirement System of Texas Increases Holdings in eBay Inc. (NASDAQ:EBAY)

Teacher Retirement System of Texas lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 61.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 171,975 shares of the e-commerce company’s stock after purchasing an additional 65,313 shares during the quarter. Teacher Retirement System of Texas’ holdings in eBay were worth $10,654,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in eBay by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after purchasing an additional 1,063 shares during the period. Kestra Investment Management LLC increased its stake in eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after purchasing an additional 7,074 shares during the period. Van ECK Associates Corp increased its stake in eBay by 5,091.9% in the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares during the period. Jones Financial Companies Lllp increased its stake in eBay by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after purchasing an additional 2,110 shares during the period. Finally, Nordea Investment Management AB increased its stake in eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after purchasing an additional 335,035 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock worth $1,061,665 over the last quarter. 0.38% of the stock is currently owned by insiders.

eBay Stock Down 0.8 %

EBAY stock opened at $65.78 on Friday. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. The business has a fifty day moving average price of $66.99 and a 200-day moving average price of $64.68. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $30.65 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.76%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EBAY. JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Cantor Fitzgerald lifted their price objective on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Morgan Stanley lifted their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Finally, Barclays set a $72.00 price objective on eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $65.54.

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.