Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 902 Shares of eBay Inc (EBAY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in eBay Inc (NASDAQ:EBAY) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 50,277 shares of the e-commerce company’s stock after purchasing an additional 902 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in eBay were worth $1,867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of eBay by 34.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 270,862 shares of the e-commerce company’s stock valued at $7,603,000 after acquiring an additional 69,226 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of eBay in the fourth quarter valued at about $42,000. Semmax Financial Advisors Inc. acquired a new stake in shares of eBay in the fourth quarter valued at about $124,000. Norges Bank acquired a new stake in shares of eBay in the fourth quarter valued at about $244,327,000. Finally, Pinkerton Retirement Specialists LLC increased its position in shares of eBay by 6.2% in the fourth quarter. Pinkerton Retirement Specialists LLC now owns 24,564 shares of the e-commerce company’s stock valued at $690,000 after acquiring an additional 1,442 shares during the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Stephen Fisher sold 20,587 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $38.23, for a total transaction of $787,041.01. Following the completion of the sale, the senior vice president now owns 81,305 shares in the company, valued at $3,108,290.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 value of $541,860.22. Following the sale, the vice president now owns 37,340 shares of the company’s stock, valued at approximately $1,421,160.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,043 shares of company stock valued at $5,837,431. Corporate insiders own 6.22% of the company’s stock.

EBAY has been the topic of a number of recent research reports. Imperial Capital lowered their target price on eBay from $64.00 to $56.00 in a research report on Thursday, January 31st. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a report on Wednesday, January 30th. DA Davidson lifted their price target on eBay to $44.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Citigroup reduced their price target on eBay from $42.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, January 30th. Finally, Benchmark reiterated a “buy” rating and set a $42.00 price target (up previously from $41.00) on shares of eBay in a report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.12.

Shares of NASDAQ:EBAY opened at $36.90 on Friday. eBay Inc has a 12-month low of $26.01 and a 12-month high of $40.86. The company has a market cap of $32.16 billion, a PE ratio of 17.74, a PEG ratio of 1.82 and a beta of 1.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 1.48.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. eBay had a return on equity of 31.26% and a net margin of 24.43%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that eBay Inc will post 2.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio is presently 24.14%.

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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.

Further Reading: Understanding Specialty Certificates of Deposit

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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