Illinois Municipal Retirement Fund Sells 1,898 Shares of eBay Inc. (NASDAQ:EBAY)

Illinois Municipal Retirement Fund lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,578 shares of the e-commerce company’s stock after selling 1,898 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of eBay worth $15,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Group Ltd. acquired a new stake in shares of eBay in the 3rd quarter valued at $543,000. Private Advisor Group LLC lifted its stake in shares of eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares during the period. International Assets Investment Management LLC lifted its stake in shares of eBay by 9,092.5% in the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock valued at $38,090,000 after purchasing an additional 578,649 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of eBay in the 3rd quarter valued at about $264,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of eBay by 5.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,986 shares of the e-commerce company’s stock valued at $4,735,000 after purchasing an additional 4,110 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock worth $1,746,065. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of recent research reports. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Wedbush started coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Stifel Nicolaus increased their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Piper Sandler increased their price objective on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $63.38.

eBay Price Performance

Shares of EBAY stock opened at $69.99 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50-day moving average is $66.00 and its two-hundred day moving average is $63.53. eBay Inc. has a 12 month low of $43.67 and a 12 month high of $71.52. The company has a market capitalization of $33.53 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

eBay Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.