Sciencast Management LP purchased a new stake in shares of eBay (NASDAQ:EBAY) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,550 shares of the e-commerce company’s stock, valued at approximately $416,000.
Several other hedge funds have also made changes to their positions in EBAY. Meadow Creek Investment Management LLC increased its holdings in eBay by 4.6% during the 4th quarter. Meadow Creek Investment Management LLC now owns 218,688 shares of the e-commerce company’s stock worth $8,253,000 after acquiring an additional 9,690 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in eBay by 17.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,651 shares of the e-commerce company’s stock worth $1,158,000 after acquiring an additional 4,613 shares during the period. Cornerstone Capital Management Holdings LLC. increased its holdings in eBay by 6.7% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 232,270 shares of the e-commerce company’s stock worth $8,765,000 after acquiring an additional 14,663 shares during the period. OLD Mission Capital LLC bought a new stake in eBay during the 4th quarter worth approximately $701,000. Finally, G&S Capital LLC bought a new stake in eBay during the 4th quarter worth approximately $332,000. Institutional investors own 88.86% of the company’s stock.
In other eBay news, CFO Scott F. Schenkel sold 131,332 shares of the 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 sale, the chief financial officer now owns 91,757 shares of the company’s stock, valued at approximately $3,968,490.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Devin Wenig sold 134,207 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $42.69, for a total transaction of $5,729,296.83. Following the sale, the insider now directly 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. Insiders have sold a total of 393,202 shares of company stock valued at $16,971,727 in the last three months. 6.78% of the stock is currently owned by corporate insiders.
Shares of eBay stock traded down $0.94 during trading on Friday, reaching $39.09. The company’s stock had a trading volume of 6,019,663 shares, compared to its average volume of 9,441,327. The stock has a market capitalization of $40,513.56, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.19 and a current ratio of 2.19. eBay has a 52-week low of $31.89 and a 52-week high of $46.99.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results 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 business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 EPS. equities research analysts forecast that eBay will post 1.84 earnings per share for the current fiscal year.
eBay announced that its board has approved a stock buyback program 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. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
EBAY has been the topic of a number of analyst reports. Morgan Stanley set a $36.00 target price on shares of eBay and gave the stock a “sell” rating in a report on Friday, January 12th. Credit Suisse Group reaffirmed an “in-line” rating and set a $51.00 target price (up previously from $46.00) on shares of eBay in a report on Thursday, February 1st. Aegis reaffirmed a “buy” rating and set a $45.00 target price on shares of eBay in a report on Saturday, December 30th. SunTrust Banks raised shares of eBay from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Friday, January 12th. Finally, Robert W. Baird set a $52.00 price target on shares of eBay and gave the stock a “buy” rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company 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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