New York State Common Retirement Fund lessened its stake in eBay Inc. (NASDAQ:EBAY) by 4.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,343,136 shares of the e-commerce company’s stock after selling 158,765 shares during the quarter. New York State Common Retirement Fund owned about 0.32% of eBay worth $128,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in eBay by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock valued at $183,717,000 after acquiring an additional 668,503 shares during the period. Colony Group LLC acquired a new position in eBay in the second quarter valued at about $213,000. Synovus Financial Corp grew its stake in eBay by 164.4% in the second quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock valued at $2,091,000 after acquiring an additional 37,237 shares during the period. Canada Pension Plan Investment Board grew its stake in eBay by 19.1% in the third quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock valued at $123,651,000 after acquiring an additional 515,634 shares during the period. Finally, Virtu KCG Holdings LLC grew its stake in eBay by 113.9% in the second quarter. Virtu KCG Holdings LLC now owns 64,103 shares of the e-commerce company’s stock valued at $2,238,000 after acquiring an additional 34,134 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

In related news, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the sale, the director now owns 262,119 shares in the company, valued at $9,832,083.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 6,660 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $35.99, for a total value of $239,693.40. Following the sale, the vice president now owns 16,732 shares in the company, valued at approximately $602,184.68. The disclosure for this sale can be found here. Insiders have sold 209,242 shares of company stock worth $7,780,047 in the last quarter. 6.78% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on the company. Aegis reissued a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of eBay in a research note on Tuesday, September 19th. Robert W. Baird reissued a “buy” rating and issued a $38.00 target price on shares of eBay in a research note on Monday, October 16th. KeyCorp reissued a “hold” rating on shares of eBay in a research note on Wednesday, October 11th. Piper Jaffray Companies set a $34.00 target price on eBay and gave the company a “hold” rating in a research note on Wednesday, October 11th. Finally, DA Davidson assumed coverage on eBay in a research note on Wednesday, September 13th. They issued a “buy” rating and a $45.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.45.

Shares of eBay Inc. (NASDAQ:EBAY) opened at $35.20 on Friday. eBay Inc. has a twelve month low of $27.69 and a twelve month high of $39.28. The stock has a market capitalization of $36,215.28, a PE ratio of 21.67, a P/E/G ratio of 2.66 and a beta of 1.34. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. eBay’s revenue was up 8.7% on a year-over-year basis. analysts expect that eBay Inc. will post 1.65 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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