Carnegie Capital Asset Management LLC raised its position in eBay Inc (NASDAQ:EBAY) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,997 shares of the e-commerce company’s stock after purchasing an additional 2,690 shares during the period. Carnegie Capital Asset Management LLC’s holdings in eBay were worth $5,845,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of EBAY. OppenheimerFunds Inc. raised its position in shares of eBay by 29,058.6% in the fourth quarter. OppenheimerFunds Inc. now owns 9,881,553 shares of the e-commerce company’s stock valued at $372,929,000 after purchasing an additional 9,847,664 shares during the period. Nordea Investment Management AB increased its position in eBay by 20.4% during the third quarter. Nordea Investment Management AB now owns 18,407,787 shares of the e-commerce company’s stock worth $707,963,000 after acquiring an additional 3,118,453 shares during the period. Alyeska Investment Group L.P. bought a new position in eBay during the third quarter worth about $117,303,000. Alkeon Capital Management LLC increased its position in eBay by 14,918.9% during the third quarter. Alkeon Capital Management LLC now owns 2,063,741 shares of the e-commerce company’s stock worth $79,372,000 after acquiring an additional 2,050,000 shares during the period. Finally, Montag & Caldwell LLC bought a new position in eBay during the third quarter worth about $66,966,000. 88.92% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Jae Hyun Lee sold 25,613 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $43.21, for a total transaction of $1,106,737.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Devin Wenig sold 134,207 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $42.69, for a total value of $5,729,296.83. Following the transaction, the insider now owns 642,077 shares of the company’s stock, valued at approximately $27,410,267.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 393,202 shares of company stock worth $16,971,727. Corporate insiders own 6.78% of the company’s stock.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.59. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. equities analysts forecast that eBay Inc will post 1.84 earnings per share for the current fiscal year.
eBay declared that its board has initiated a share buyback plan on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the e-commerce company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
EBAY has been the topic of a number of analyst reports. Morgan Stanley set a $36.00 price objective on shares of eBay and gave the stock a “sell” rating in a research note on Friday, January 12th. Credit Suisse Group reiterated an “in-line” rating and set a $51.00 target price (up from $46.00) on shares of eBay in a research report on Thursday, February 1st. BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Aegis reiterated a “buy” rating and issued a $45.00 price objective on shares of eBay in a research note on Saturday, December 30th. Finally, SunTrust Banks upgraded shares of eBay from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, January 12th. 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’s stock. eBay has a consensus rating of “Buy” and a consensus target price of $43.46.
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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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