Teacher Retirement System of Texas Acquires 65,313 Shares of eBay Inc. (NASDAQ:EBAY)

Teacher Retirement System of Texas grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 61.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 171,975 shares of the e-commerce company’s stock after buying an additional 65,313 shares during the period. Teacher Retirement System of Texas’ holdings in eBay were worth $10,654,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP acquired a new position in shares of eBay during the third quarter worth approximately $105,506,000. Raymond James Financial Inc. acquired a new position in shares of eBay during the fourth quarter worth approximately $96,214,000. Boston Partners raised its position in shares of eBay by 35.2% during the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock worth $362,823,000 after purchasing an additional 1,524,691 shares during the period. Amundi raised its position in shares of eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after purchasing an additional 677,389 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after purchasing an additional 463,015 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EBAY has been the topic of a number of research reports. Benchmark upped their target price on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley upped their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Stifel Nicolaus lowered their price target on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Bank of America lowered their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Finally, Susquehanna increased their price target on eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $65.54.

eBay Stock Down 0.8 %

Shares of NASDAQ EBAY opened at $65.78 on Friday. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The business has a 50-day simple moving average of $66.99 and a two-hundred day simple moving average of $64.68. 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 market cap 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. Shareholders of record on Friday, March 14th will be issued 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 dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was 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 valued at $1,061,665 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

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.