State of Tennessee Treasury Department lifted its holdings in eBay Inc (NASDAQ:EBAY) by 28.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,488 shares of the e-commerce company’s stock after purchasing an additional 71,127 shares during the quarter. State of Tennessee Treasury Department’s holdings in eBay were worth $9,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arden Trust Co bought a new stake in shares of eBay in the first quarter valued at about $26,000. NWK Group Inc. bought a new stake in eBay during the fourth quarter worth about $27,000. Ancora Advisors LLC bought a new position in shares of eBay in the fourth quarter worth about $28,000. FSA Wealth Management LLC bought a new position in shares of eBay in the fourth quarter worth about $29,000. Finally, Archer Investment Corp bought a new position in shares of eBay in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

A number of research analysts have recently commented on the stock. BMO Capital Markets cut shares of eBay from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $46.00 to $52.00 in a report on Friday, June 5th. Guggenheim raised eBay from a “neutral” rating to a “buy” rating in a research note on Monday, April 6th. They noted that the move was a valuation call. Deutsche Bank raised eBay from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Friday. Robert W. Baird reaffirmed a “buy” rating and issued a $59.00 price objective on shares of eBay in a research note on Monday. Finally, KeyCorp upped their price objective on eBay from $47.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $47.58.

In related news, SVP Wendy Elizabeth Jones sold 62,719 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $38.48, for a total value of $2,413,427.12. Following the completion of the sale, the senior vice president now owns 68,909 shares in the company, valued at approximately $2,651,618.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew John Cring sold 23,240 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.00, for a total value of $999,320.00. Following the completion of the sale, the chief financial officer now owns 117,919 shares of the company’s stock, valued at approximately $5,070,517. The disclosure for this sale can be found here. 5.02% of the stock is owned by insiders.

Shares of eBay stock traded up $1.36 during trading hours on Friday, hitting $50.76. 360,868 shares of the company’s stock traded hands, compared to its average volume of 13,679,269. eBay Inc has a 12-month low of $26.02 and a 12-month high of $51.88. The stock has a market capitalization of $34.27 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.32 and a beta of 1.38. The company has a fifty day simple moving average of $45.45 and a 200-day simple moving average of $37.80. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.34 and a quick ratio of 1.34.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.05. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.32 billion. eBay had a return on equity of 63.44% and a net margin of 44.44%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. On average, analysts forecast that eBay Inc will post 2.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, May 29th. eBay’s payout ratio is presently 27.59%.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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