New Mexico Educational Retirement Board cut its holdings in eBay Inc (NASDAQ:EBAY) by 6.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,448 shares of the e-commerce company’s stock after selling 5,000 shares during the period. New Mexico Educational Retirement Board’s holdings in eBay were worth $2,783,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Boston Partners boosted its stake in shares of eBay by 73.8% in the 1st quarter. Boston Partners now owns 16,515,786 shares of the e-commerce company’s stock valued at $613,397,000 after purchasing an additional 7,015,365 shares in the last quarter. FMR LLC raised its holdings in eBay by 89.2% in the 1st quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock valued at $560,148,000 after buying an additional 7,108,999 shares during the last quarter. Geode Capital Management LLC raised its holdings in eBay by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock valued at $350,041,000 after buying an additional 801,529 shares during the last quarter. Lindsell Train Ltd raised its holdings in eBay by 14.7% in the 2nd quarter. Lindsell Train Ltd now owns 10,174,900 shares of the e-commerce company’s stock valued at $401,807,000 after buying an additional 1,301,000 shares during the last quarter. Finally, FIL Ltd raised its holdings in eBay by 12.7% in the 1st quarter. FIL Ltd now owns 9,150,615 shares of the e-commerce company’s stock valued at $339,854,000 after buying an additional 1,030,271 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.
EBAY has been the subject of a number of research reports. Piper Jaffray Companies raised their price objective on shares of eBay from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Benchmark raised their price objective on shares of eBay from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 18th. BidaskClub upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Raymond James raised their price objective on shares of eBay from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $36.00 price objective on shares of eBay in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the stock. eBay currently has a consensus rating of “Hold” and a consensus price target of $41.52.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.19. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. eBay had a net margin of 22.12% and a return on equity of 36.67%. eBay’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. As a group, analysts forecast that eBay Inc will post 2.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.41%. eBay’s dividend payout ratio is currently 24.14%.
In related news, Director Matthew J. Murphy acquired 6,000 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $38.79 per share, for a total transaction of $232,740.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Devin Wenig sold 149,563 shares of eBay stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $41.49, for a total transaction of $6,205,368.87. Following the completion of the sale, the chief executive officer now owns 1,034,592 shares of the company’s stock, valued at approximately $42,925,222.08. The disclosure for this sale can be found here. Insiders sold a total of 232,942 shares of company stock valued at $9,661,957 in the last quarter. 6.22% of the stock is currently owned by company insiders.
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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