American International Group Inc. lowered its position in eBay Inc (NASDAQ:EBAY) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 393,814 shares of the e-commerce company’s stock after selling 24,800 shares during the quarter. American International Group Inc.’s holdings in eBay were worth $14,863,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of EBAY. Personal Capital Advisors Corp acquired a new position in eBay in the third quarter valued at $209,000. Harrington Investments INC purchased a new position in eBay in the third quarter valued at about $1,198,000. Independent Franchise Partners LLP raised its position in eBay by 17.6% in the third quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock valued at $874,151,000 after purchasing an additional 3,406,261 shares during the period. Xact Kapitalforvaltning AB raised its position in eBay by 1.4% in the third quarter. Xact Kapitalforvaltning AB now owns 161,003 shares of the e-commerce company’s stock valued at $6,192,000 after purchasing an additional 2,285 shares during the period. Finally, Sky Investment Group LLC purchased a new position in eBay in the third quarter valued at about $208,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.
Shares of eBay Inc (NASDAQ:EBAY) opened at $42.83 on Friday. 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 capitalization of $43,350.00, a PE ratio of 22.08, a P/E/G ratio of 2.47 and a beta of 1.31. eBay Inc has a fifty-two week low of $31.89 and a fifty-two week high of $46.99.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. eBay’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. equities analysts anticipate that eBay Inc will post 1.84 EPS for the current year.
eBay declared that its Board of Directors has approved a share buyback plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the e-commerce company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
In related news, insider Devin Wenig sold 134,207 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total value of $5,729,296.83. Following the completion of the sale, the insider now directly owns 642,077 shares of the company’s stock, valued at $27,410,267.13. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joo Man Park sold 4,924 shares of eBay stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $42.67, for a total value of $210,107.08. Following the completion of the transaction, the senior vice president now owns 55,340 shares of the company’s stock, valued at $2,361,357.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 168,352 shares of company stock valued at $7,171,104. 6.78% of the stock is owned by corporate insiders.
Several research firms have commented on EBAY. BidaskClub raised eBay from a “hold” rating to a “buy” rating in a research report on Thursday. JMP Securities reissued a “neutral” rating on shares of eBay in a research report on Tuesday, February 6th. Hilliard Lyons lowered eBay from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. They noted that the move was a valuation call. Wedbush reissued a “neutral” rating and issued a $46.00 price objective on shares of eBay in a research report on Thursday, February 1st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $43.00 price objective on shares of eBay in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nineteen have issued a buy rating to the company’s stock. eBay has a consensus rating of “Hold” and a consensus price target 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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