California Public Employees Retirement System Sells 100,516 Shares of eBay Inc. (NASDAQ:EBAY)

California Public Employees Retirement System trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 866,173 shares of the e-commerce company’s stock after selling 100,516 shares during the quarter. California Public Employees Retirement System owned about 0.18% of eBay worth $53,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in EBAY. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of eBay by 2.0% during 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 buying an additional 1,063 shares in the last quarter. Kestra Investment Management LLC boosted its stake in eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after acquiring an additional 7,074 shares in the last quarter. Van ECK Associates Corp grew its holdings in eBay by 5,091.9% in the fourth 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 fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock valued at $503,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of eBay during the fourth quarter valued at about $8,644,000. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 0.1 %

Shares of EBAY stock opened at $67.80 on Wednesday. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average of $67.20 and a 200-day moving average of $65.02. The firm has a market cap of $31.59 billion, a P/E ratio of 17.04, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock worth $1,061,665 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EBAY. Bank of America decreased their target price on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Wedbush initiated coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. UBS Group lifted their price target on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Cantor Fitzgerald boosted their price target on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley raised their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $65.54.

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.