Kentucky Retirement Systems Has $1.11 Million Stake in eBay Inc (EBAY)

Kentucky Retirement Systems cut its holdings in eBay Inc (NASDAQ:EBAY) by 59.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,368 shares of the e-commerce company’s stock after selling 56,828 shares during the period. Kentucky Retirement Systems’ holdings in eBay were worth $1,105,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Greenleaf Trust grew its holdings in eBay by 3.3% in the 4th quarter. Greenleaf Trust now owns 9,137 shares of the e-commerce company’s stock worth $256,000 after acquiring an additional 290 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in eBay by 1.8% in the 4th quarter. Wetherby Asset Management Inc. now owns 19,693 shares of the e-commerce company’s stock worth $553,000 after acquiring an additional 349 shares during the last quarter. Bigelow Investment Advisors LLC boosted its stake in shares of eBay by 5.8% during the 4th quarter. Bigelow Investment Advisors LLC now owns 7,260 shares of the e-commerce company’s stock valued at $204,000 after purchasing an additional 400 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of eBay by 22.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,349 shares of the e-commerce company’s stock valued at $66,000 after purchasing an additional 427 shares in the last quarter. Finally, Pitcairn Co. boosted its stake in shares of eBay by 3.4% during the 4th quarter. Pitcairn Co. now owns 14,887 shares of the e-commerce company’s stock valued at $418,000 after purchasing an additional 488 shares in the last quarter. 86.40% of the stock is owned by institutional investors.

In other eBay news, VP Brian J. Doerger sold 10,185 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $34.30, for a total transaction of $349,345.50. Following the transaction, the vice president now directly owns 39,544 shares in the company, valued at approximately $1,356,359.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.22% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on EBAY shares. Susquehanna Bancshares lifted their price target on shares of eBay from $33.00 to $43.00 and gave the company a “positive” rating in a research report on Wednesday, January 30th. ValuEngine cut shares of eBay from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Benchmark reaffirmed a “buy” rating and issued a $42.00 target price on shares of eBay in a report on Tuesday, April 16th. Aegis reissued a “buy” rating and set a $40.00 price objective (down from $44.00) on shares of eBay in a report on Wednesday, January 2nd. Finally, Citigroup reissued a “buy” rating and set a $42.00 price objective (up from $41.00) on shares of eBay in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have assigned a buy rating to the stock. eBay presently has an average rating of “Hold” and a consensus target price of $39.13.

eBay stock traded up $0.01 during mid-day trading on Friday, reaching $35.98. 12,334,982 shares of the company’s stock traded hands, compared to its average volume of 9,187,989. The company has a market cap of $31.56 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.76 and a beta of 1.35. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.22. eBay Inc has a 12-month low of $26.01 and a 12-month high of $43.00.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.86 billion. eBay had a net margin of 23.54% and a return on equity of 27.40%. On average, equities research analysts anticipate that eBay Inc will post 2.15 earnings per share for the current fiscal year.

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eBay Company Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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