Profund Advisors LLC increased its position in shares of eBay Inc (NASDAQ:EBAY) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 241,201 shares of the e-commerce company’s stock after purchasing an additional 17,056 shares during the quarter. Profund Advisors LLC’s holdings in eBay were worth $9,103,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of EBAY. MANA Advisors LLC purchased a new position in eBay during the 4th quarter worth approximately $368,000. Renaissance Technologies LLC purchased a new position in shares of eBay in the 4th quarter valued at approximately $33,907,000. Partners Capital Investment Group LLP purchased a new position in shares of eBay in the 4th quarter valued at approximately $25,915,000. Portland Hill Asset Management Ltd lifted its holdings in shares of eBay by 3.4% in the 4th quarter. Portland Hill Asset Management Ltd now owns 275,650 shares of the e-commerce company’s stock valued at $10,400,000 after buying an additional 9,001 shares during the period. Finally, Scotia Capital Inc. lifted its holdings in shares of eBay by 246.9% in the 4th quarter. Scotia Capital Inc. now owns 28,993 shares of the e-commerce company’s stock valued at $1,094,000 after buying an additional 20,636 shares during the period. Institutional investors own 88.92% of the company’s stock.
A number of research firms have recently weighed in on EBAY. UBS Group reissued a “buy” rating and issued a $48.00 price target (up from $44.00) on shares of eBay in a report on Thursday, February 1st. Deutsche Bank set a $47.00 price target on eBay and gave the company a “buy” rating in a research report on Tuesday, January 30th. Aegis reissued a “buy” rating and set a $45.00 price target on shares of eBay in a research report on Saturday, December 30th. SunTrust Banks raised eBay from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Friday, January 12th. Finally, Bank of America boosted their price target on eBay from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $43.46.
In related news, SVP Stephen Fisher sold 22,561 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $43.97, for a total value of $992,007.17. Following the completion of the transaction, the senior vice president now owns 95,383 shares of the company’s stock, valued at approximately $4,193,990.51. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joo Man Park sold 4,924 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $42.67, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 393,202 shares of company stock worth $16,971,727. Company insiders own 6.78% of the company’s stock.
Shares of eBay Inc (NASDAQ EBAY) traded up $0.01 on Wednesday, reaching $42.83. 11,213,143 shares of the company were exchanged, compared to its average volume of 10,909,631. eBay Inc has a twelve month low of $31.89 and a twelve month high of $46.99. The firm has a market cap of $44,430.31, a price-to-earnings ratio of -40.11, a P/E/G ratio of 2.50 and a beta of 1.18. 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 announced its quarterly earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, meeting the Zacks’ consensus estimate 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 quarter in the prior year, the business earned $0.54 EPS. eBay’s quarterly revenue was up 9.1% on a year-over-year basis. analysts anticipate that eBay Inc will post 1.84 earnings per share for the current year.
eBay declared that its board has initiated a stock buyback plan on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the e-commerce company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.
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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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