Retirement Systems of Alabama Has $60.84 Million Position in eBay Inc. (NASDAQ:EBAY)

Retirement Systems of Alabama cut its position in eBay Inc. (NASDAQ:EBAY) by 0.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 982,081 shares of the e-commerce company’s stock after selling 4,084 shares during the quarter. Retirement Systems of Alabama’s holdings in eBay were worth $60,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of eBay during the 3rd quarter valued at approximately $36,000. USA Financial Formulas bought a new stake in shares of eBay during the 3rd quarter valued at approximately $38,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay during the 4th quarter valued at approximately $36,000. Northwest Investment Counselors LLC bought a new stake in shares of eBay during the 3rd quarter valued at approximately $50,000. Finally, Versant Capital Management Inc grew its holdings in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,524 shares of company stock worth $1,367,784. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EBAY shares. Truist Financial lifted their price target on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Tuesday, November 5th. TD Cowen boosted their target price on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their target price on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Wedbush began coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and an average target price of $62.92.

eBay Stock Down 0.3 %

eBay stock opened at $66.95 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $40.74 and a 12-month high of $71.52. The firm’s fifty day moving average is $64.51 and its 200 day moving average is $62.05. The company has a market capitalization of $32.07 billion, a PE ratio of 16.82, a PEG ratio of 2.15 and a beta of 1.35.

eBay 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.