New York State Common Retirement Fund Sells 29,800 Shares of eBay Inc. (NASDAQ:EBAY)

New York State Common Retirement Fund lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,531 shares of the e-commerce company’s stock after selling 29,800 shares during the quarter. New York State Common Retirement Fund’s holdings in eBay were worth $20,229,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund boosted its position in eBay by 185.0% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 41,261 shares of the e-commerce company’s stock valued at $2,556,000 after purchasing an additional 26,783 shares during the last quarter. Kestra Investment Management LLC boosted its holdings in shares of eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after buying an additional 7,074 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of eBay by 190.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,390 shares of the e-commerce company’s stock valued at $148,000 after buying an additional 1,567 shares in the last quarter. Truist Financial Corp increased its holdings in eBay by 5.3% during the fourth quarter. Truist Financial Corp now owns 1,131,477 shares of the e-commerce company’s stock worth $70,095,000 after buying an additional 56,463 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in eBay by 2.7% during the fourth quarter. CIBC Asset Management Inc now owns 74,296 shares of the e-commerce company’s stock worth $4,603,000 after acquiring an additional 1,939 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Mizuho lifted their price target on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wedbush started coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target on the stock. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Tuesday, November 5th. Finally, Benchmark reiterated a “buy” rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus target price of $63.13.

eBay Trading Down 0.1 %

Shares of EBAY stock opened at $69.39 on Friday. eBay Inc. has a fifty-two week low of $43.12 and a fifty-two week high of $71.52. The stock’s fifty day moving average price is $65.87 and its two-hundred day moving average price is $63.32. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $33.24 billion, a PE ratio of 17.43, a P/E/G ratio of 2.22 and a beta of 1.35.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,746,065 in the last ninety days. 0.38% of the stock is owned by 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.