Teacher Retirement System of Texas Sells 106,287 Shares of eBay Inc. (NASDAQ:EBAY)

Teacher Retirement System of Texas trimmed its stake in shares of eBay Inc. (NASDAQ:EBAYGet Rating) by 52.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,600 shares of the e-commerce company’s stock after selling 106,287 shares during the quarter. Teacher Retirement System of Texas’ holdings in eBay were worth $3,556,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB increased its position in eBay by 0.7% during the 2nd quarter. Nordea Investment Management AB now owns 13,523,599 shares of the e-commerce company’s stock worth $556,632,000 after purchasing an additional 87,950 shares in the last quarter. Deutsche Bank AG increased its position in eBay by 9.4% during the 2nd quarter. Deutsche Bank AG now owns 6,926,561 shares of the e-commerce company’s stock worth $288,629,000 after purchasing an additional 597,447 shares in the last quarter. Maj Invest Holding A S increased its position in eBay by 0.4% in the 3rd quarter. Maj Invest Holding A S now owns 6,926,387 shares of the e-commerce company’s stock valued at $396,604,000 after acquiring an additional 27,314 shares during the period. Mirova US LLC increased its position in eBay by 6.6% in the 2nd quarter. Mirova US LLC now owns 6,417,384 shares of the e-commerce company’s stock valued at $267,417,000 after acquiring an additional 394,840 shares during the period. Finally, Franklin Resources Inc. increased its position in eBay by 33.4% in the 2nd quarter. Franklin Resources Inc. now owns 6,350,663 shares of the e-commerce company’s stock valued at $264,634,000 after acquiring an additional 1,590,642 shares during the period. 85.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Brian J. Doerger sold 4,311 shares of the stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $41.89, for a total value of $180,587.79. Following the completion of the sale, the chief accounting officer now owns 9,542 shares in the company, valued at $399,714.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

eBay Stock Down 2.0 %

eBay stock opened at $46.69 on Wednesday. eBay Inc. has a 1-year low of $35.92 and a 1-year high of $60.65. The firm has a market capitalization of $25.34 billion, a price-to-earnings ratio of -424.45, a price-to-earnings-growth ratio of 1.82 and a beta of 1.29. The firm’s fifty day moving average price is $43.88 and its two-hundred day moving average price is $43.24. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.36.

eBay (NASDAQ:EBAYGet Rating) last announced its earnings results on Wednesday, November 2nd. The e-commerce company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.73 by $0.09. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.31 billion. eBay had a net margin of 0.28% and a return on equity of 29.43%. On average, equities research analysts predict that eBay Inc. will post 3.35 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Thursday, December 1st were issued a $0.22 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.88%. eBay’s dividend payout ratio is currently -800.00%.

Wall Street Analyst Weigh In

EBAY has been the subject of several recent research reports. Credit Suisse Group decreased their price target on shares of eBay from $56.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Moffett Nathanson initiated coverage on shares of eBay in a research report on Tuesday, November 15th. They issued a “market perform” rating and a $44.00 price target for the company. Barclays decreased their price target on shares of eBay from $59.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, November 3rd. Bank of America decreased their price target on shares of eBay from $54.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, October 3rd. Finally, Jefferies Financial Group reduced their price objective on shares of eBay from $52.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.89.

eBay Profile

(Get Rating)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

See Also

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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