Clifford Swan Investment Counsel LLC decreased its holdings in shares of eBay Inc (NASDAQ:EBAY) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 182,558 shares of the e-commerce company’s stock after selling 2,665 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in eBay were worth $6,890,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new stake in eBay in the third quarter valued at $122,000. Steward Partners Investment Advisory LLC acquired a new stake in eBay in the third quarter valued at $139,000. Grove Bank & Trust lifted its stake in eBay by 455.2% in the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock valued at $143,000 after acquiring an additional 3,050 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in eBay in the fourth quarter valued at $190,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in eBay in the third quarter valued at $204,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.
eBay Inc (NASDAQ EBAY) opened at $43.34 on Friday. eBay Inc has a 1 year low of $31.89 and a 1 year high of $46.99. The company has a market cap of $44,200.00, a PE ratio of 22.34, a P/E/G ratio of 2.45 and a beta of 1.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.19 and a current ratio of 2.19.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the firm earned $0.54 earnings per share. eBay’s revenue for the quarter was up 9.1% compared to the same quarter last year. analysts anticipate that eBay Inc will post 1.84 EPS for the current year.
eBay declared that its board has approved a stock repurchase plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
In other eBay news, SVP Joo Man Park sold 4,924 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $42.67, for a total value of $210,107.08. Following the transaction, the senior vice president now directly owns 55,340 shares of the company’s stock, valued at approximately $2,361,357.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Stephen Fisher sold 22,561 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $43.97, for a total transaction of $992,007.17. Following the completion of the transaction, the senior vice president now directly owns 95,383 shares in the company, valued at $4,193,990.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 168,352 shares of company stock worth $7,171,104. 6.78% of the stock is owned by insiders.
EBAY has been the subject of a number of recent analyst reports. UBS Group reiterated a “buy” rating and issued a $48.00 price target (up previously from $44.00) on shares of eBay in a research note on Thursday, February 1st. Deutsche Bank set a $47.00 price target on shares of eBay and gave the company a “buy” rating in a research note on Tuesday, January 30th. Aegis reiterated a “buy” rating and issued a $45.00 price target on shares of eBay in a research note on Saturday, December 30th. SunTrust Banks upgraded shares of eBay from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, January 12th. Finally, Bank of America increased their price target on shares of eBay from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $42.87.
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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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