California State Teachers Retirement System Has $49.70 Million Stake in eBay Inc. (NASDAQ:EBAY)

California State Teachers Retirement System boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 941,615 shares of the e-commerce company’s stock after buying an additional 15,919 shares during the period. California State Teachers Retirement System owned approximately 0.19% of eBay worth $49,698,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. M&G Plc bought a new stake in shares of eBay during the first quarter worth $97,557,000. Norges Bank bought a new stake in shares of eBay during the fourth quarter worth $53,019,000. Dimensional Fund Advisors LP increased its position in shares of eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after acquiring an additional 1,141,288 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of eBay by 3,346.9% during the first quarter. Los Angeles Capital Management LLC now owns 1,066,551 shares of the e-commerce company’s stock worth $56,293,000 after acquiring an additional 1,035,609 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. StockNews.com raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Bank of America raised their target price on shares of eBay from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays raised their target price on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.32.

eBay Stock Performance

NASDAQ:EBAY traded down $0.32 during mid-day trading on Thursday, reaching $55.29. 352,098 shares of the company’s stock were exchanged, compared to its average volume of 5,696,900. eBay Inc. has a one year low of $37.17 and a one year high of $55.86. The firm has a market capitalization of $27.76 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 2.54 and a beta of 1.31. The business’s fifty day simple moving average is $53.62 and its two-hundred day simple moving average is $50.03. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the firm earned $0.87 earnings per share. eBay’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts anticipate that eBay Inc. will post 3.73 earnings per share for the current fiscal year.

Insider Buying and Selling at eBay

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The disclosure for this sale can be found here. Insiders have sold a total of 59,558 shares of company stock valued at $3,001,254 in the last ninety days. 0.38% of the stock is currently owned by company insiders.

eBay Company Profile

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.