Louisiana State Employees Retirement System Cuts Stock Position in eBay Inc. (NASDAQ:EBAY)

Louisiana State Employees Retirement System cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,500 shares of the e-commerce company’s stock after selling 1,100 shares during the period. Louisiana State Employees Retirement System’s holdings in eBay were worth $1,791,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay in the 2nd quarter valued at approximately $26,000. Tortoise Investment Management LLC grew its stake in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in eBay during the 2nd quarter worth about $29,000. Washington Trust Advisors Inc. purchased a new stake in eBay during the 1st quarter worth about $30,000. Finally, LRI Investments LLC purchased a new stake in eBay during the 1st quarter worth about $29,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Down 0.2 %

NASDAQ:EBAY opened at $62.63 on Thursday. The stock’s 50 day moving average price is $63.03 and its 200 day moving average price is $56.67. The company has a market capitalization of $31.44 billion, a PE ratio of 12.48, a P/E/G ratio of 2.45 and a beta of 1.32. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $67.80.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. On average, research analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. eBay’s dividend payout ratio (DPR) is currently 21.51%.

Analyst Ratings Changes

Several equities research analysts have weighed in on EBAY shares. Stifel Nicolaus upped their price target on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday. Bank of America upped their price target on eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Wolfe Research started coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. TD Cowen upped their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Evercore ISI upped their price target on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $62.23.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is currently owned by insiders.

About eBay

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.