Itau Unibanco Holding S.A. grew its position in shares of eBay Inc (NASDAQ:EBAY) by 60.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 55,192 shares of the e-commerce company’s stock after buying an additional 20,790 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in eBay were worth $2,083,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC bought a new stake in eBay during the third quarter worth about $122,000. Steward Partners Investment Advisory LLC bought a new stake in eBay during the third quarter worth about $139,000. Grove Bank & Trust grew its stake in shares of eBay by 455.2% during the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock valued at $143,000 after purchasing an additional 3,050 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of eBay during the fourth quarter valued at approximately $190,000. Finally, Gofen & Glossberg LLC IL bought a new stake in shares of eBay during the third quarter valued at approximately $204,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of eBay Inc (NASDAQ EBAY) opened at $43.34 on Monday. 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 firm has a market cap of $43,863.55, a price-to-earnings ratio of -40.50, a price-to-earnings-growth ratio of 2.47 and a beta of 1.30. eBay Inc has a twelve month low of $31.89 and a twelve month high of $46.99.
eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. sell-side analysts anticipate that eBay Inc will post 1.84 EPS for the current year.
eBay announced that its board has authorized a stock buyback program 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In other eBay news, SVP Stephen Fisher sold 22,561 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 95,383 shares in the company, valued at $4,193,990.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Devin Wenig sold 134,207 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total transaction of $5,729,296.83. Following the completion of the sale, the insider now owns 642,077 shares in the company, valued at $27,410,267.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,352 shares of company stock worth $7,171,104. Company insiders own 6.78% of the company’s stock.
Several research firms have recently commented on EBAY. 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. Wedbush reissued a “neutral” rating and set a $46.00 price target on shares of eBay in a research note on Thursday, February 1st. Aegis reissued a “buy” rating and set a $45.00 price target on shares of eBay in a research note on Friday, December 22nd. UBS Group reissued a “buy” rating and set a $48.00 price target (up from $44.00) on shares of eBay in a research note on Thursday, February 1st. Finally, Canaccord Genuity reissued a “hold” rating and set a $43.00 price target on shares of eBay in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price 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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