Retirement Systems of Alabama Trims Holdings in eBay Inc (EBAY)

Retirement Systems of Alabama lowered its position in eBay Inc (NASDAQ:EBAY) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 400,446 shares of the e-commerce company’s stock after selling 28,515 shares during the period. Retirement Systems of Alabama’s holdings in eBay were worth $14,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in shares of eBay in the 1st quarter valued at $25,000. Clean Yield Group acquired a new position in shares of eBay in the 4th quarter valued at $28,000. Lindbrook Capital LLC acquired a new position in shares of eBay in the 4th quarter valued at $35,000. Berman Capital Advisors LLC acquired a new position in shares of eBay in the 4th quarter valued at $41,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of eBay in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 90.42% of the company’s stock.

Shares of NASDAQ:EBAY traded down $0.24 during trading on Friday, reaching $37.38. 8,853,471 shares of the company’s stock traded hands, compared to its average volume of 9,392,107. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.48. The company has a market cap of $32.79 billion, a PE ratio of 16.11, a P/E/G ratio of 1.86 and a beta of 1.34. eBay Inc has a 12 month low of $26.01 and a 12 month high of $40.86.

eBay (NASDAQ:EBAY) last posted its earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.58 billion. eBay had a net margin of 24.43% and a return on equity of 31.26%. eBay’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. As a group, research analysts forecast that eBay Inc will post 2.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio is currently 24.14%.

In related news, CFO Scott F. Schenkel sold 89,707 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $38.50, for a total value of $3,453,719.50. Following the sale, the chief financial officer now directly owns 273,283 shares in the company, valued at approximately $10,521,395.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 14,237 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $38.06, for a total transaction of $541,860.22. Following the completion of the sale, the vice president now owns 37,340 shares in the company, valued at $1,421,160.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,043 shares of company stock valued at $5,837,431. Company insiders own 6.22% of the company’s stock.

A number of brokerages have weighed in on EBAY. Deutsche Bank lifted their price target on shares of eBay from $39.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of eBay from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. BMO Capital Markets lifted their target price on shares of eBay from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Robert W. Baird lifted their target price on shares of eBay from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Benchmark restated a “buy” rating and set a $45.00 target price (up previously from $42.00) on shares of eBay in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. eBay has a consensus rating of “Hold” and an average price target of $40.12.

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About eBay

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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