Bremer Trust National Association lifted its holdings in shares of eBay Inc (NASDAQ:EBAY) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,296 shares of the e-commerce company’s stock after purchasing an additional 2,485 shares during the quarter. Bremer Trust National Association’s holdings in eBay were worth $345,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Clean Yield Group bought a new stake in eBay in the 4th quarter worth approximately $28,000. Lindbrook Capital LLC bought a new stake in eBay in the 4th quarter worth approximately $35,000. Financial Gravity Companies Inc. bought a new stake in eBay in the 4th quarter worth approximately $42,000. Benjamin F. Edwards & Company Inc. lifted its position in eBay by 22.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,349 shares of the e-commerce company’s stock worth $66,000 after buying an additional 427 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in eBay by 37.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the e-commerce company’s stock worth $76,000 after buying an additional 733 shares during the last quarter. 85.02% of the stock is owned by institutional investors.
A number of analysts recently weighed in on EBAY shares. Goldman Sachs Group downgraded eBay from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $34.00 to $32.00 in a research report on Friday, January 4th. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, January 30th. ValuEngine downgraded eBay from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Aegis reiterated a “buy” rating and issued a $40.00 price objective (down previously from $44.00) on shares of eBay in a research report on Wednesday, January 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 price objective on shares of eBay in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.76.
In other eBay news, Director Robert Holmes Swan bought 17,787 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was bought at an average price of $28.21 per share, for a total transaction of $501,771.27. Following the completion of the acquisition, the director now directly owns 289,207 shares in the company, valued at $8,158,529.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian J. Doerger sold 10,185 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $34.30, for a total value of $349,345.50. Following the transaction, the vice president now owns 39,544 shares of the company’s stock, valued at approximately $1,356,359.20. The disclosure for this sale can be found here. 6.22% of the stock is owned by corporate insiders.
Shares of eBay stock opened at $38.86 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.22. The company has a market cap of $34.30 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.77 and a beta of 1.36. eBay Inc has a 52 week low of $26.01 and a 52 week high of $44.30.
eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.86 billion. eBay had a return on equity of 27.40% and a net margin of 23.54%. On average, equities analysts predict that eBay Inc will post 2.15 earnings per share for the current fiscal year.
The firm also recently announced a Not Available dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, February 28th. eBay’s dividend payout ratio is presently 24.14%.
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eBay Company Profile
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.
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