New York State Teachers Retirement System Has $24.37 Million Position in eBay Inc. (NASDAQ:EBAY)

Posted by Defense World Staff on Apr 12th, 2023

New York State Teachers Retirement System lowered its position in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 587,675 shares of the e-commerce company’s stock after selling 67,299 shares during the quarter. New York State Teachers Retirement System owned 0.11% of eBay worth $24,371,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in eBay during the third quarter valued at approximately $1,921,000. Alta Advisers Ltd bought a new stake in eBay during the third quarter worth $74,000. Louisiana State Employees Retirement System bought a new stake in eBay during the third quarter worth $2,386,000. Aigen Investment Management LP increased its holdings in shares of eBay by 41.1% in the third quarter. Aigen Investment Management LP now owns 47,227 shares of the e-commerce company’s stock valued at $1,738,000 after purchasing an additional 13,755 shares during the last quarter. Finally, Clarius Group LLC increased its holdings in shares of eBay by 5.9% in the third quarter. Clarius Group LLC now owns 9,734 shares of the e-commerce company’s stock valued at $358,000 after purchasing an additional 538 shares during the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

eBay Trading Up 0.2 %

Shares of NASDAQ:EBAY opened at $43.50 on Wednesday. eBay Inc. has a 52-week low of $35.92 and a 52-week high of $55.86. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a market capitalization of $23.35 billion, a price-to-earnings ratio of -20.42, a PEG ratio of 1.42 and a beta of 1.35. The stock’s 50-day simple moving average is $45.39 and its two-hundred day simple moving average is $43.42.

eBay (NASDAQ:EBAY – Get Rating) last released its earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.46 billion. eBay had a positive return on equity of 34.14% and a negative net margin of 12.96%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. Analysts expect that eBay Inc. will post 3.36 EPS for the current year.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were paid a dividend of $0.25 per share. This is a boost from eBay’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, March 9th. eBay’s dividend payout ratio is -46.95%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup assumed coverage on shares of eBay in a research note on Tuesday, December 13th. They issued a “neutral” rating and a $47.00 price target on the stock. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna upped their target price on shares of eBay from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, February 27th. Morgan Stanley boosted their price target on shares of eBay from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Tuesday, February 28th. Finally, Benchmark decreased their price target on eBay from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $49.13.

About eBay

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eBay, Inc is a commerce company, whose platforms include an online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. Its technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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