Kentucky Retirement Systems Insurance Trust Fund Sells 1,843 Shares of eBay Inc. (NASDAQ:EBAY)

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 11.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,478 shares of the e-commerce company’s stock after selling 1,843 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in eBay were worth $943,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Kingsview Wealth Management LLC acquired a new position in eBay in the 1st quarter valued at approximately $224,000. Blair William & Co. IL lifted its position in eBay by 22.9% in the first quarter. Blair William & Co. IL now owns 29,316 shares of the e-commerce company’s stock worth $1,547,000 after purchasing an additional 5,456 shares during the period. UniSuper Management Pty Ltd lifted its position in eBay by 350.3% in the first quarter. UniSuper Management Pty Ltd now owns 24,806 shares of the e-commerce company’s stock worth $1,309,000 after purchasing an additional 19,297 shares during the period. Bessemer Group Inc. increased its holdings in eBay by 14.2% in the 1st quarter. Bessemer Group Inc. now owns 46,570 shares of the e-commerce company’s stock valued at $2,457,000 after buying an additional 5,774 shares during the period. Finally, Arjuna Capital acquired a new position in shares of eBay in the 1st quarter valued at $308,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EBAY. Mizuho lifted their target price on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Piper Sandler upped their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of eBay in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.87.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 26.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. This trade represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock valued at $3,015,417 over the last ninety days. Insiders own 0.38% of the company’s stock.

eBay Price Performance

eBay stock opened at $61.43 on Monday. The business’s 50-day simple moving average is $63.53 and its 200 day simple moving average is $57.55. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $29.42 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.60 and a beta of 1.34. eBay Inc. has a 12-month low of $38.97 and a 12-month high of $67.80.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 1.76%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

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.