State of Tennessee Department of Treasury Sells 9,169 Shares of eBay Inc. (NASDAQ:EBAY)

State of Tennessee Department of Treasury decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,173 shares of the e-commerce company’s stock after selling 9,169 shares during the quarter. State of Tennessee Department of Treasury’s holdings in eBay were worth $12,772,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in eBay during the 4th quarter worth $27,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the 4th quarter valued at approximately $36,000. Transce3nd LLC bought a new stake in shares of eBay during the 4th quarter valued at approximately $36,000. Lee Danner & Bass Inc. bought a new position in eBay in the 4th quarter valued at approximately $40,000. Finally, Versant Capital Management Inc boosted its position in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $67.05 on Wednesday. The company has a market capitalization of $31.25 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company’s 50-day moving average is $66.21 and its 200 day moving average is $64.97. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay’s payout ratio is presently 29.07%.

Analyst Ratings Changes

Several equities analysts have commented on EBAY shares. JPMorgan Chase & Co. dropped their target price on eBay from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Barclays set a $72.00 price objective on eBay and gave the company an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company reduced their price target on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Cantor Fitzgerald raised their price objective on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Finally, Citigroup upped their target price on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $64.92.

Insider Activity

In related news, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 7,500 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the sale, the chief executive officer now directly owns 590,108 shares of the company’s stock, valued at $39,153,665.80. This represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock valued at $3,121,626 in the last three months. Company insiders own 0.38% of the company’s stock.

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.