Captrust Financial Advisors purchased a new stake in eBay (NASDAQ:EBAY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,729 shares of the e-commerce company’s stock, valued at approximately $178,000.
Several other large investors have also added to or reduced their stakes in the business. Cabot Wealth Management Inc. lifted its stake in shares of eBay by 0.7% in the 4th quarter. Cabot Wealth Management Inc. now owns 172,705 shares of the e-commerce company’s stock valued at $6,518,000 after purchasing an additional 1,219 shares during the period. Northwest Investment Counselors LLC raised its stake in eBay by 3.0% during the fourth quarter. Northwest Investment Counselors LLC now owns 42,468 shares of the e-commerce company’s stock valued at $1,603,000 after buying an additional 1,221 shares during the last quarter. Security National Trust Co. raised its stake in eBay by 10.6% during the third quarter. Security National Trust Co. now owns 14,685 shares of the e-commerce company’s stock valued at $564,000 after buying an additional 1,410 shares during the last quarter. Amalgamated Bank raised its stake in eBay by 1.3% during the third quarter. Amalgamated Bank now owns 114,862 shares of the e-commerce company’s stock valued at $4,418,000 after buying an additional 1,455 shares during the last quarter. Finally, Hermes Investment Management Ltd. increased its holdings in shares of eBay by 17.9% in the 4th quarter. Hermes Investment Management Ltd. now owns 9,900 shares of the e-commerce company’s stock worth $374,000 after purchasing an additional 1,500 shares in the last quarter. 88.86% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Devin Wenig sold 134,207 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 642,077 shares of the company’s stock, valued at approximately $27,410,267.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Scott F. Schenkel sold 131,332 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $43.25, for a total transaction of $5,680,109.00. Following the completion of the transaction, the chief financial officer now directly owns 91,757 shares in the company, valued at approximately $3,968,490.25. The disclosure for this sale can be found here. Insiders have sold 393,202 shares of company stock worth $16,971,727 in the last three months. Insiders own 6.78% of the company’s stock.
EBAY traded down $0.94 on Friday, hitting $39.09. 6,019,663 shares of the company were exchanged, compared to its average volume of 9,441,327. The firm has a market capitalization of $39,562.21, a P/E ratio of 23.98, a PEG ratio of 2.22 and a beta of 1.24. eBay has a fifty-two week low of $31.89 and a fifty-two week high of $46.99. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. The business 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 company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. analysts predict that eBay 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 allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.
EBAY has been the subject of a number of research analyst reports. ValuEngine raised eBay from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Raymond James Financial raised eBay from a “market perform” rating to a “strong-buy” rating and set a $52.00 price target for the company in a report on Friday, March 2nd. Robert W. Baird restated a “buy” rating and issued a $52.00 price objective on shares of eBay in a research report on Thursday, March 29th. Aegis reiterated a “buy” rating and issued a $45.00 target price on shares of eBay in a research report on Friday, December 22nd. Finally, SunTrust Banks upgraded eBay from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $43.46.
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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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