New York State Common Retirement Fund Cuts Stock Holdings in eBay Inc. $EBAY

New York State Common Retirement Fund lowered its position in eBay Inc. (NASDAQ:EBAY) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 321,493 shares of the e-commerce company’s stock after selling 24,300 shares during the period. New York State Common Retirement Fund owned about 0.07% of eBay worth $29,240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. HB Wealth Management LLC boosted its position in shares of eBay by 5.1% during the 2nd quarter. HB Wealth Management LLC now owns 16,700 shares of the e-commerce company’s stock worth $1,244,000 after purchasing an additional 814 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in eBay by 2.2% during the second quarter. Capital Investment Advisors LLC now owns 6,280 shares of the e-commerce company’s stock worth $468,000 after buying an additional 138 shares in the last quarter. Parsons Capital Management Inc. RI grew its position in eBay by 1.1% during the second quarter. Parsons Capital Management Inc. RI now owns 21,411 shares of the e-commerce company’s stock worth $1,594,000 after buying an additional 228 shares during the period. Lecap Asset Management Ltd. purchased a new position in eBay in the second quarter valued at about $222,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of eBay by 14.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 40,396 shares of the e-commerce company’s stock valued at $3,008,000 after acquiring an additional 4,951 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 4,462 shares of eBay stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the completion of the sale, the senior vice president owned 91,921 shares in the company, valued at $7,715,848.74. The trade was a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the transaction, the senior vice president owned 2,862 shares in the company, valued at approximately $233,367.48. The trade was a 92.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,675 shares of company stock valued at $4,388,825 in the last three months. Company insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of research reports. Wells Fargo & Company upped their price target on eBay from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Barclays raised their price target on eBay from $92.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. B. Riley boosted their price objective on shares of eBay from $94.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Sanford C. Bernstein set a $90.00 price objective on shares of eBay in a research note on Friday, October 31st. Finally, Arete Research lifted their target price on shares of eBay from $91.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $95.66.

eBay Stock Performance

Shares of EBAY opened at $91.22 on Friday. eBay Inc. has a 1 year low of $58.71 and a 1 year high of $101.15. The company’s 50 day simple moving average is $87.54 and its 200 day simple moving average is $88.92. The company has a market capitalization of $41.23 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.20 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a return on equity of 41.94% and a net margin of 20.37%.The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the firm posted $1.19 EPS. eBay’s revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts predict that eBay Inc. will post 3.86 EPS for the current year.

About eBay

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.