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

New York State Common Retirement Fund decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 326,531 shares of the e-commerce company’s stock after selling 29,800 shares during the period. New York State Common Retirement Fund owned about 0.07% of eBay worth $20,229,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC boosted its stake in eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after buying an additional 157 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after acquiring an additional 167 shares during the period. Optas LLC boosted its stake in shares of eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after purchasing an additional 171 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in shares of eBay by 1.2% in the 4th quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock worth $883,000 after purchasing an additional 173 shares during the last quarter. Finally, Arvest Investments Inc. increased its position in shares of eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after purchasing an additional 183 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Truist Financial increased their price target on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. 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 stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and an average target price of $63.13.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is owned by corporate insiders.

eBay Trading Down 0.1 %

NASDAQ EBAY opened at $69.39 on Friday. eBay Inc. has a one year low of $43.12 and a one year high of $71.52. 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 firm has a market cap of $33.24 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.22 and a beta of 1.35. The stock’s 50-day moving average is $65.87 and its 200-day moving average is $63.32.

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.