Louisiana State Employees Retirement System Lowers Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Louisiana State Employees Retirement System lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,600 shares of the e-commerce company’s stock after selling 1,600 shares during the period. Louisiana State Employees Retirement System’s holdings in eBay were worth $1,536,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay in the second quarter valued at $26,000. LRI Investments LLC purchased a new position in shares of eBay in the 1st quarter worth about $29,000. Hobbs Group Advisors LLC purchased a new position in shares of eBay in the 2nd quarter worth about $29,000. Washington Trust Advisors Inc. acquired a new position in shares of eBay in the 1st quarter valued at about $30,000. Finally, Jones Financial Companies Lllp grew its holdings 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 purchasing an additional 310 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In other news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction that occurred on Tuesday, June 18th. The stock was 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 owns 37,126 shares in the company, valued at approximately $1,962,109.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 37,126 shares in the company, 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, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the transaction, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,488 shares of company stock worth $565,910. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EBAY. StockNews.com raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. TD Cowen upped their price target on shares of eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Susquehanna upped their target price on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Mizuho increased their price objective on shares of eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $56.65.

eBay Price Performance

Shares of EBAY opened at $58.88 on Monday. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 2.58 and a beta of 1.31. The stock has a 50 day moving average of $54.68 and a 200-day moving average of $51.86. 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 Inc. has a 52 week low of $37.17 and a 52 week high of $59.36.

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 given 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 payout ratio is 21.51%.

About eBay

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.