New York State Teachers Retirement System Sells 52,417 Shares of eBay Inc. (NASDAQ:EBAY)

New York State Teachers Retirement System decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 389,784 shares of the e-commerce company’s stock after selling 52,417 shares during the period. New York State Teachers Retirement System owned about 0.08% of eBay worth $24,147,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EBAY. Private Advisor Group LLC increased its holdings in eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after buying an additional 21,636 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after acquiring an additional 1,063 shares during the period. Prospera Financial Services Inc raised its holdings in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Trustmark National Bank Trust Department bought a new position in eBay during the third quarter valued at approximately $1,307,000. Finally, Nordea Investment Management AB boosted its holdings in eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after purchasing an additional 335,035 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of research reports. Barclays decreased their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Bank of America reduced their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus raised their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Citigroup upped their price target on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $63.13.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,149 shares of company stock worth $1,746,065. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Up 0.9 %

Shares of EBAY stock opened at $69.90 on Friday. The company’s fifty day simple moving average is $65.30 and its two-hundred day simple moving average is $62.83. eBay Inc. has a 52 week low of $42.14 and a 52 week high of $71.52. The stock has a market cap of $33.48 billion, a P/E ratio of 17.56, a PEG ratio of 2.15 and a beta of 1.35. 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 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.