Public Employees Retirement System of Ohio Sells 24,294 Shares of eBay Inc. (NASDAQ:EBAY)

Public Employees Retirement System of Ohio decreased its position in eBay Inc. (NASDAQ:EBAY) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 214,564 shares of the e-commerce company’s stock after selling 24,294 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in eBay were worth $11,325,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Banco Santander S.A. grew its stake in shares of eBay by 2.1% in the 1st quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock valued at $609,000 after buying an additional 236 shares in the last quarter. Tempus Wealth Planning LLC grew its stake in shares of eBay by 3.1% in the 1st quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock valued at $451,000 after buying an additional 254 shares in the last quarter. GHE LLC grew its stake in shares of eBay by 1.5% in the 4th quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock valued at $762,000 after buying an additional 260 shares in the last quarter. Savant Capital LLC lifted its holdings in eBay by 2.3% in the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 262 shares during the last quarter. Finally, Affinity Investment Advisors LLC lifted its holdings in eBay by 3.0% in the 4th quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock worth $414,000 after purchasing an additional 275 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In related news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Edward O. Garcia sold 986 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Insiders have sold a total of 59,558 shares of company stock worth $3,001,254 over the last 90 days. Insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of EBAY stock traded up $0.42 during trading hours on Monday, hitting $54.60. 3,731,204 shares of the company’s stock were exchanged, compared to its average volume of 5,724,593. The stock’s 50-day moving average is $53.43 and its 200-day moving average is $49.80. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market cap of $27.41 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.49 and a beta of 1.31. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $55.69.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. As a group, research analysts forecast that eBay Inc. will post 3.73 EPS for the current year.

Analysts Set New Price Targets

EBAY has been the subject of several analyst reports. Benchmark restated a “buy” rating and issued a $58.00 target price on shares of eBay in a report on Monday, June 17th. Barclays upped their price target on eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Jefferies Financial Group upped their price target on eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. TD Cowen upped their price target on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, Mizuho upped their price target on eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $53.94.

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.