New Mexico Educational Retirement Board lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,548 shares of the e-commerce company’s stock after selling 8,900 shares during the period. New Mexico Educational Retirement Board’s holdings in eBay were worth $3,342,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after buying an additional 59,937,723 shares during the last quarter. Wellington Management Group LLP raised its position in eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after buying an additional 23,404,909 shares during the last quarter. Boston Partners raised its position in eBay by 1.9% in the first quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company’s stock valued at $992,828,000 after buying an additional 544,112 shares during the last quarter. Independent Franchise Partners LLP raised its position in eBay by 17.6% in the second quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock valued at $674,744,000 after buying an additional 2,898,085 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock valued at $501,155,000 after buying an additional 4,749,434 shares during the last quarter. 85.71% of the stock is owned by institutional investors and hedge funds.

eBay Inc. (NASDAQ EBAY) traded down 0.20% during mid-day trading on Friday, reaching $34.78. The company’s stock had a trading volume of 8,747,216 shares. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $37.48. The stock has a market capitalization of $37.23 billion, a P/E ratio of 5.22 and a beta of 1.36. The stock’s 50 day moving average price is $35.77 and its 200 day moving average price is $34.33. eBay also was the recipient of unusually large options trading activity on Wednesday. Investors acquired 2,194 put options on the company. This is an increase of 231% compared to the typical volume of 663 put options.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. Analysts expect that eBay Inc. will post $2.00 EPS for the current fiscal year.

eBay declared that its board has authorized a share repurchase plan on Thursday, July 20th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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Several research analysts have recently commented on EBAY shares. Robert W. Baird reissued an “outperform” rating and issued a $38.00 price target on shares of eBay in a research report on Saturday, April 22nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $36.00 price target (up from $34.00) on shares of eBay in a research report on Saturday, April 22nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $32.00 price target (up from $31.00) on shares of eBay in a research report on Saturday, April 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $39.00 price target (down from $40.00) on shares of eBay in a research report on Saturday, April 22nd. Finally, Benchmark Co. reissued a “buy” rating and issued a $39.00 price target on shares of eBay in a research report on Saturday, April 22nd. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the company. eBay currently has an average rating of “Hold” and an average target price of $37.05.

In other eBay news, SVP Stephen Fisher sold 11,956 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $36.24, for a total value of $433,285.44. Following the completion of the transaction, the senior vice president now directly owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Brian J. Doerger sold 10,450 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the transaction, the vice president now directly owns 24,001 shares of the company’s stock, valued at $877,476.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,238 shares of company stock valued at $3,376,547. 6.78% of the stock is owned by corporate insiders.

eBay Company Profile

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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