Meadow Creek Investment Management LLC increased its position in eBay (NASDAQ:EBAY) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,688 shares of the e-commerce company’s stock after purchasing an additional 9,690 shares during the period. Meadow Creek Investment Management LLC’s holdings in eBay were worth $8,253,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of EBAY. OppenheimerFunds Inc. lifted its stake in eBay by 29,058.6% during the 4th quarter. OppenheimerFunds Inc. now owns 9,881,553 shares of the e-commerce company’s stock valued at $372,929,000 after acquiring an additional 9,847,664 shares in the last quarter. Swedbank bought a new position in eBay during the 4th quarter valued at $123,834,000. Nordea Investment Management AB lifted its stake in eBay by 20.4% during the 3rd quarter. Nordea Investment Management AB now owns 18,407,787 shares of the e-commerce company’s stock valued at $707,963,000 after acquiring an additional 3,118,453 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in eBay during the 3rd quarter valued at $117,303,000. Finally, Alkeon Capital Management LLC lifted its stake in eBay by 14,918.9% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,063,741 shares of the e-commerce company’s stock valued at $79,372,000 after acquiring an additional 2,050,000 shares in the last quarter. Institutional investors own 88.86% of the company’s stock.
Several equities analysts have weighed in on EBAY shares. Credit Suisse Group raised their price objective on eBay from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. UBS set a $44.00 price objective on eBay and gave the company a “buy” rating in a research note on Thursday, January 11th. Macquarie set a $46.00 price objective on eBay and gave the company a “neutral” rating in a research note on Thursday, February 1st. Atlantic Securities set a $45.00 target price on eBay and gave the company a “neutral” rating in a research report on Thursday, February 1st. Finally, Robert W. Baird set a $52.00 target price on eBay and gave the company a “buy” rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. eBay has a consensus rating of “Hold” and an average target price of $43.46.
In other news, SVP Stephen Fisher sold 22,561 shares of eBay stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $43.97, for a total transaction of $992,007.17. Following the completion of the sale, the senior vice president now owns 95,383 shares in the company, valued at approximately $4,193,990.51. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Devin Wenig sold 134,207 shares of eBay stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $42.69, for a total value of $5,729,296.83. Following the sale, the insider now owns 642,077 shares of the company’s stock, valued at approximately $27,410,267.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 393,202 shares of company stock valued at $16,971,727. Corporate insiders own 6.78% of the company’s stock.
EBAY stock opened at $39.09 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 stock has a market cap of $40,513.56, a price-to-earnings ratio of 24.26, a P/E/G ratio of 2.28 and a beta of 1.24. eBay 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, meeting the Zacks’ consensus estimate of $0.59. The business 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%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. sell-side analysts expect that eBay will post 1.84 EPS for the current fiscal year.
eBay announced that its board has authorized a share buyback program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the e-commerce company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is 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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