Greenwich Wealth Management LLC raised its stake in shares of eBay Inc (NASDAQ:EBAY) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,324 shares of the e-commerce company’s stock after buying an additional 654 shares during the quarter. Greenwich Wealth Management LLC’s holdings in eBay were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Clean Yield Group acquired a new stake in eBay in the fourth quarter worth approximately $28,000. Lindbrook Capital LLC purchased a new stake in shares of eBay in the fourth quarter valued at $35,000. Financial Gravity Companies Inc. acquired a new position in shares of eBay in the fourth quarter worth $42,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of eBay by 22.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,349 shares of the e-commerce company’s stock worth $66,000 after acquiring an additional 427 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of eBay by 37.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the e-commerce company’s stock worth $76,000 after acquiring an additional 733 shares during the last quarter. Hedge funds and other institutional investors own 85.99% of the company’s stock.
EBAY stock opened at $36.35 on Friday. The firm has a market capitalization of $33.19 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.77 and a beta of 1.36. eBay Inc has a fifty-two week low of $26.01 and a fifty-two week high of $43.00. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.22.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. eBay had a return on equity of 27.40% and a net margin of 23.54%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.86 billion. Analysts predict that eBay Inc will post 2.15 earnings per share for the current year.
The business also recently declared a Not Available dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 28th. eBay’s payout ratio is presently 24.14%.
Several research firms recently weighed in on EBAY. BidaskClub cut shares of eBay from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Benchmark reaffirmed a “buy” rating and set a $42.00 price objective (up previously from $41.00) on shares of eBay in a report on Wednesday, January 30th. Bank of America reissued a “neutral” rating and issued a $38.00 price target (up previously from $34.00) on shares of eBay in a report on Wednesday, January 23rd. Citigroup reaffirmed a “buy” rating and set a $42.00 target price (up previously from $41.00) on shares of eBay in a report on Wednesday, January 30th. Finally, Barclays boosted their price objective on shares of eBay to $46.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $39.13.
In other news, VP Brian J. Doerger sold 10,185 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $34.30, for a total transaction of $349,345.50. Following the completion of the transaction, the vice president now directly owns 39,544 shares of the company’s stock, valued at approximately $1,356,359.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert Holmes Swan bought 17,787 shares of eBay stock in a transaction dated Wednesday, January 2nd. The shares were acquired at an average cost of $28.21 per share, with a total value of $501,771.27. Following the completion of the purchase, the director now owns 289,207 shares in the company, valued at $8,158,529.47. The disclosure for this purchase can be found here. Insiders own 6.22% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Greenwich Wealth Management LLC Has $795,000 Holdings in eBay Inc (NASDAQ:EBAY)” was originally reported by Fairfield Current and is owned by of Fairfield Current. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.fairfieldcurrent.com/news/2019/03/15/ebay-inc-ebay-shares-bought-by-greenwich-wealth-management-llc.html.
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.
Featured Story: Options Trading – What is a Straddle?
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.