State of New Jersey Common Pension Fund D trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 14.2% in the 3rd quarter, Holdings Channel reports. The firm owned 467,045 shares of the e-commerce company’s stock after selling 77,066 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in eBay were worth $24,333,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Alpha Windward LLC purchased a new stake in eBay in the second quarter valued at approximately $26,000. Rocky Mountain Advisers LLC acquired a new position in shares of eBay during the 2nd quarter worth approximately $26,000. Gradient Investments LLC raised its stake in eBay by 70.7% in the 3rd quarter. Gradient Investments LLC now owns 512 shares of the e-commerce company’s stock valued at $27,000 after purchasing an additional 212 shares during the last quarter. Nachman Norwood & Parrott Inc acquired a new position in eBay in the 3rd quarter valued at $27,000. Finally, FDx Advisors Inc. raised its stake in eBay by 380.5% in the 1st quarter. FDx Advisors Inc. now owns 26,643 shares of the e-commerce company’s stock valued at $30,000 after purchasing an additional 21,098 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.
NASDAQ EBAY opened at $53.25 on Thursday. The stock has a market cap of $37.27 billion, a PE ratio of 8.04, a P/E/G ratio of 1.42 and a beta of 1.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.81. eBay Inc. has a twelve month low of $26.02 and a twelve month high of $61.06. The stock has a fifty day simple moving average of $52.74 and a 200-day simple moving average of $50.14.
In other eBay news, CAO Brian J. Doerger sold 4,384 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $58.48, for a total value of $256,376.32. Following the sale, the chief accounting officer now owns 18,226 shares of the company’s stock, valued at approximately $1,065,856.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marie Oh Huber sold 53,869 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $55.31, for a total value of $2,979,494.39. Following the completion of the sale, the senior vice president now directly owns 55,929 shares in the company, valued at approximately $3,093,432.99. The disclosure for this sale can be found here. Insiders have sold a total of 152,432 shares of company stock valued at $8,625,544 over the last 90 days. 5.02% of the stock is currently owned by company insiders.
Several research analysts recently commented on EBAY shares. Mizuho increased their price objective on eBay from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft increased their price objective on eBay from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. They noted that the move was a valuation call. Credit Suisse Group increased their price objective on eBay from $53.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Morgan Stanley reduced their price objective on eBay from $64.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. Finally, The Goldman Sachs Group increased their price objective on eBay from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $59.52.
eBay Inc operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps; and Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others that offer online classifieds to help people find what they are looking for in their local communities.
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