Two Sigma Advisers LP boosted its position in eBay Inc (NASDAQ:EBAY) by 239.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,337,640 shares of the e-commerce company’s stock after purchasing an additional 943,389 shares during the period. Two Sigma Advisers LP owned 0.13% of eBay worth $50,483,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of eBay in the 4th quarter valued at about $107,000. Valeo Financial Advisors LLC bought a new stake in shares of eBay in the 3rd quarter valued at about $122,000. Steward Partners Investment Advisory LLC bought a new stake in shares of eBay in the 3rd quarter valued at about $139,000. Grove Bank & Trust grew its position in shares of eBay by 455.2% in the 3rd quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock valued at $143,000 after buying an additional 3,050 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of eBay in the 4th quarter valued at about $190,000. 88.92% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on EBAY. Credit Suisse Group set a $51.00 price target on eBay and gave the company a “buy” rating in a research report on Friday, March 9th. ValuEngine upgraded eBay from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Raymond James Financial upgraded eBay from a “market perform” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research report on Friday, March 2nd. UBS Group upgraded eBay from a “market perform” rating to a “strong-buy” rating in a research report on Friday, March 2nd. Finally, BidaskClub lowered eBay from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $43.46.
In other news, SVP Joo Man Park sold 4,924 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $42.67, for a total value of $210,107.08. Following the completion of the sale, the senior vice president now directly owns 55,340 shares of the company’s stock, valued at $2,361,357.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Stephen Fisher sold 22,561 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $43.97, for a total value of $992,007.17. Following the completion of the sale, the senior vice president now directly owns 95,383 shares of the company’s stock, valued at $4,193,990.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 393,202 shares of company stock valued at $16,971,727. Company insiders own 6.78% of the company’s stock.
Shares of eBay Inc (EBAY) opened at $42.59 on Friday. The company has a market capitalization of $43,347.39, a P/E ratio of 25.96, a PEG ratio of 2.43 and a beta of 1.18. eBay Inc has a 52 week low of $31.89 and a 52 week high of $46.99. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.15.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $0.54 earnings per share. equities research analysts predict that eBay Inc will post 1.84 EPS for the current year.
eBay announced that its Board of Directors has approved a stock repurchase 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 typically an indication that the company’s leadership 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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