Louisiana State Employees Retirement System decreased its stake in shares of eBay Inc (NASDAQ:EBAY) by 4.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 45,400 shares of the e-commerce company’s stock after selling 2,100 shares during the period. Louisiana State Employees Retirement System’s holdings in eBay were worth $1,686,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of EBAY. W.E. Donoghue & Co. LLC bought a new stake in shares of eBay in the 1st quarter valued at about $2,742,000. Scout Investments Inc. increased its stake in shares of eBay by 431.9% in the 1st quarter. Scout Investments Inc. now owns 890,717 shares of the e-commerce company’s stock valued at $33,081,000 after acquiring an additional 723,253 shares during the last quarter. CAPROCK Group Inc. bought a new stake in shares of eBay in the 1st quarter valued at about $278,000. Ledyard National Bank bought a new stake in shares of eBay in the 1st quarter valued at about $6,297,000. Finally, Valeo Financial Advisors LLC increased its stake in shares of eBay by 57.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,742 shares of the e-commerce company’s stock valued at $102,000 after acquiring an additional 996 shares during the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.
A number of analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $42.00 price target on shares of eBay in a research note on Tuesday. BidaskClub cut eBay from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine cut eBay from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Citigroup lowered their price target on eBay from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, January 30th. Finally, Susquehanna Bancshares increased their target price on eBay from $33.00 to $43.00 and gave the stock a “positive” rating in a research note on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $39.13.
In other news, VP Brian J. Doerger sold 10,185 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $34.30, for a total transaction of $349,345.50. Following the completion of the transaction, the vice president now directly owns 39,544 shares of the company’s stock, valued at approximately $1,356,359.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.22% of the stock is owned by company insiders.
Shares of EBAY opened at $36.39 on Wednesday. The company has a market cap of $31.78 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35. eBay Inc has a twelve month low of $26.01 and a twelve month high of $43.00. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.60 and a quick ratio of 1.60.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.03. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.86 billion. eBay had a net margin of 23.54% and a return on equity of 27.40%. As a group, sell-side analysts expect that eBay Inc will post 2.15 EPS for the current fiscal year.
The firm also recently declared a Not Available dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, February 28th. eBay’s dividend payout ratio is currently 24.14%.
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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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