eBay Inc. (NASDAQ:EBAY) Stock Position Decreased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its position in eBay Inc. (NASDAQ:EBAY) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,436 shares of the e-commerce company’s stock after selling 1,370 shares during the quarter. Maryland State Retirement & Pension System’s holdings in eBay were worth $2,119,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay during the 2nd quarter worth $26,000. LRI Investments LLC bought a new position in eBay during the first quarter valued at about $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of eBay in the second quarter worth about $29,000. Washington Trust Advisors Inc. acquired a new stake in shares of eBay in the first quarter worth about $30,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 310 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

EBAY stock traded up $0.77 during trading on Friday, hitting $59.10. The company had a trading volume of 5,430,169 shares, compared to its average volume of 5,559,664. The company has a fifty day moving average price of $55.15 and a two-hundred day moving average price of $52.30. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $59.85. The company has a market cap of $29.67 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.58 and a beta of 1.31. The company has a current ratio of 1.25, a quick ratio of 1.99 and a debt-to-equity ratio of 1.12.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.83%. eBay’s dividend payout ratio is presently 21.51%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial raised their price objective on eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Jefferies Financial Group boosted their target price on shares of eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Morgan Stanley raised their price target on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Daiwa America raised eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Evercore ISI raised their target price on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $56.65.

Insider Transactions at eBay

In related news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The disclosure for this sale can be found here. 0.38% of the stock is owned by 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.