Burney Co. grew its holdings in eBay (NASDAQ:EBAY) by 19.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,407 shares of the e-commerce company’s stock after purchasing an additional 6,783 shares during the period. Burney Co.’s holdings in eBay were worth $1,706,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in EBAY. Atria Investments LLC lifted its stake in shares of eBay by 51.8% in the 4th quarter. Atria Investments LLC now owns 16,060 shares of the e-commerce company’s stock valued at $606,000 after purchasing an additional 5,477 shares during the last quarter. CWM LLC lifted its stake in shares of eBay by 22.7% in the 4th quarter. CWM LLC now owns 92,196 shares of the e-commerce company’s stock valued at $3,479,000 after purchasing an additional 17,047 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of eBay by 28.4% in the 4th quarter. Bank of Montreal Can now owns 1,384,522 shares of the e-commerce company’s stock valued at $52,252,000 after purchasing an additional 306,604 shares during the last quarter. National Pension Service lifted its stake in shares of eBay by 0.4% in the 4th quarter. National Pension Service now owns 985,554 shares of the e-commerce company’s stock valued at $37,195,000 after purchasing an additional 4,377 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of eBay by 10.5% in the 4th quarter. Creative Planning now owns 28,276 shares of the e-commerce company’s stock valued at $1,067,000 after purchasing an additional 2,685 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Raymond J. Pittman sold 60,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $43.66, for a total value of $2,619,600.00. Following the transaction, the senior vice president now owns 82,127 shares in the company, valued at approximately $3,585,664.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Stephen Fisher sold 12,408 shares of the stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $37.47, for a total value of $464,927.76. Following the completion of the transaction, the senior vice president now owns 87,049 shares in the company, valued at approximately $3,261,726.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 372,205 shares of company stock worth $15,576,160. Company insiders own 6.22% of the company’s stock.
Several equities analysts have recently commented on the company. JPMorgan Chase decreased their price target on eBay from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, April 26th. BidaskClub lowered eBay from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Jefferies Group reaffirmed a “neutral” rating and issued a $46.00 price target on shares of eBay in a research note on Thursday, April 26th. Aegis reaffirmed a “buy” rating and issued a $54.00 price target on shares of eBay in a research note on Tuesday, May 1st. Finally, Stifel Nicolaus upped their price target on eBay from $44.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, April 23rd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $46.13.
Shares of eBay opened at $38.35 on Thursday, according to Marketbeat.com. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.21. eBay has a 1-year low of $37.95 and a 1-year high of $38.51. The stock has a market cap of $38.16 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.86 and a beta of 1.26.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 25th. The e-commerce company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. eBay had a positive return on equity of 18.06% and a negative net margin of 16.56%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. research analysts expect that eBay will post 1.84 earnings per share for the current fiscal year.
eBay declared that its board has approved a share repurchase 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. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay (NASDAQ:EBAY).
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.