State of Alaska Department of Revenue increased its stake in eBay Inc (NASDAQ:EBAY) by 295.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,526 shares of the e-commerce company’s stock after acquiring an additional 83,346 shares during the period. State of Alaska Department of Revenue’s holdings in eBay were worth $4,207,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc increased its stake in shares of eBay by 2.5% in the third quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock worth $203,988,000 after buying an additional 128,728 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings 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 worth $183,717,000 after purchasing an additional 668,503 shares during the period. Colony Group LLC acquired a new position in eBay in the second quarter worth $213,000. Canada Pension Plan Investment Board boosted its holdings 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 worth $123,651,000 after purchasing an additional 515,634 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in eBay by 11.0% in the third quarter. Toronto Dominion Bank now owns 378,963 shares of the e-commerce company’s stock worth $14,574,000 after purchasing an additional 37,654 shares during the period. Hedge funds and other institutional investors own 88.28% of the company’s stock.
In related news, SVP Joo Man Park sold 4,924 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $42.67, for a total value of $210,107.08. Following the transaction, the senior vice president now owns 55,340 shares in the company, valued at $2,361,357.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Raymond J. Pittman sold 31,400 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $35.58, for a total value of $1,117,212.00. Following the completion of the transaction, the senior vice president now owns 74,334 shares in the company, valued at approximately $2,644,803.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 199,752 shares of company stock worth $8,288,316. 6.78% of the stock is owned by company insiders.
Shares of eBay Inc (NASDAQ EBAY) traded up $0.29 during mid-day trading on Wednesday, hitting $42.44. The stock had a trading volume of 9,930,000 shares, compared to its average volume of 12,210,000. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $42,950.00, a PE ratio of 21.88, a PEG ratio of 2.41 and a beta of 1.31. eBay Inc has a 12 month low of $31.89 and a 12 month high of $46.99.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. equities research analysts forecast that eBay Inc will post 1.84 earnings per share for the current year.
eBay declared that its board has authorized a stock repurchase plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
A number of equities analysts have commented on the stock. Aegis lifted their price objective on shares of eBay from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. set a $45.00 price objective on shares of eBay and gave the company a “neutral” rating in a research note on Thursday, February 1st. Goldman Sachs Group set a $49.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Thursday, February 1st. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 price target on shares of eBay in a research report on Wednesday, October 18th. Finally, JMP Securities restated a “neutral” rating on shares of eBay in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eighteen have issued a buy rating to the stock. eBay currently has a consensus rating of “Hold” and a consensus target price of $42.87.
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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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