Advisory Services Network LLC raised its position in shares of eBay Inc (NASDAQ:EBAY) by 31.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,951 shares of the e-commerce company’s stock after buying an additional 1,893 shares during the quarter. Advisory Services Network LLC’s holdings in eBay were worth $286,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of EBAY. Clear Harbor Asset Management LLC acquired a new position in shares of eBay in the 4th quarter valued at about $25,000. Venturi Wealth Management LLC purchased a new position in eBay during the third quarter valued at approximately $26,000. Equitec Specialists LLC purchased a new stake in eBay in the 4th quarter worth approximately $34,000. Hussman Strategic Advisors Inc. purchased a new stake in eBay in the 3rd quarter worth approximately $39,000. Finally, Atticus Wealth Management LLC purchased a new stake in eBay in the 4th quarter worth approximately $44,000. 86.53% of the stock is owned by institutional investors.
NASDAQ EBAY opened at $38.14 on Friday. The firm has a market cap of $30.36 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.37. The stock’s 50-day moving average is $35.71 and its two-hundred day moving average is $37.36. eBay Inc has a fifty-two week low of $33.53 and a fifty-two week high of $42.00. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.16 and a quick ratio of 1.16.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, January 28th. The e-commerce company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05. eBay had a return on equity of 50.71% and a net margin of 16.54%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts expect that eBay Inc will post 2.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.16 per share. The ex-dividend date is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.68%. This is a boost from eBay’s previous quarterly dividend of $0.14. eBay’s dividend payout ratio is presently 24.14%.
eBay declared that its board has approved a share repurchase program on Tuesday, January 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase up to 17.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Several equities analysts have recently commented on EBAY shares. Jefferies Financial Group restated a “sell” rating and set a $31.00 price target on shares of eBay in a report on Tuesday, January 28th. Raymond James downgraded shares of eBay from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a research note on Thursday, October 24th. Wells Fargo & Co lowered eBay from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $45.00 to $32.00 in a report on Friday, January 17th. Bank of America cut their price objective on eBay from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Deutsche Bank restated a “neutral” rating and issued a $42.00 target price on shares of eBay in a research note on Tuesday, October 22nd. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company. eBay currently has a consensus rating of “Hold” and an average target price of $40.79.
In other eBay news, SVP Wendy Elizabeth Jones sold 7,878 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $35.73, for a total transaction of $281,480.94. Following the completion of the transaction, the senior vice president now owns 39,000 shares of the company’s stock, valued at approximately $1,393,470. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kristin A. Yetto sold 122,454 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $34.95, for a total transaction of $4,279,767.30. Following the transaction, the senior vice president now directly owns 133,107 shares of the company’s stock, valued at approximately $4,652,089.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,046 shares of company stock worth $6,881,384. Corporate insiders own 5.60% of the company’s stock.
eBay Company Profile
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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