Kentucky Retirement Systems Sells 462 Shares of eBay Inc. (NASDAQ:EBAY)

Kentucky Retirement Systems trimmed its position in eBay Inc. (NASDAQ:EBAY) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,604 shares of the e-commerce company’s stock after selling 462 shares during the period. Kentucky Retirement Systems’ holdings in eBay were worth $2,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in eBay in the 4th quarter valued at about $27,000. Quarry LP acquired a new position in eBay during the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the 4th quarter valued at about $36,000. Versant Capital Management Inc boosted its stake in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after purchasing an additional 621 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Price Performance

Shares of NASDAQ EBAY opened at $69.39 on Friday. The stock has a fifty day simple moving average of $65.87 and a two-hundred day simple moving average of $63.32. eBay Inc. has a 1-year low of $43.12 and a 1-year high of $71.52. The firm has a market cap of $33.24 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on 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 owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, February 3rd. The stock was 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 approximately $35,709,615.50. This 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 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on EBAY shares. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Bank of America cut their price target on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Truist Financial lifted their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Benchmark reiterated a “buy” rating and set a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company boosted their target price on eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $63.13.

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.