Riverpark Capital Management LLC lessened its stake in shares of eBay Inc (NASDAQ:EBAY) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 496,566 shares of the e-commerce company’s stock after selling 87,121 shares during the period. eBay comprises about 2.7% of Riverpark Capital Management LLC’s holdings, making the stock its 19th biggest position. Riverpark Capital Management LLC’s holdings in eBay were worth $18,741,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of EBAY. Pinnacle Wealth Planning Services Inc. bought a new position in shares of eBay in the fourth quarter valued at approximately $107,000. Valeo Financial Advisors LLC bought a new position in shares of eBay in the third quarter valued at approximately $122,000. Steward Partners Investment Advisory LLC bought a new position in shares of eBay in the third quarter valued at approximately $139,000. Grove Bank & Trust boosted its position in shares of eBay by 455.2% in the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock valued at $143,000 after acquiring an additional 3,050 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new position in shares of eBay in the fourth quarter valued at approximately $190,000. Hedge funds and other institutional investors own 88.92% of the company’s stock.
eBay Inc (NASDAQ EBAY) opened at $43.81 on Monday. The company has a market cap of $44,339.23, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.18. eBay Inc has a one year low of $31.89 and a one year high of $46.99. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.19 and a current ratio of 2.19.
eBay declared that its Board of Directors has approved a stock repurchase program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, SVP Joo Man Park sold 4,924 shares of eBay stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $42.67, for a total value of $210,107.08. Following the transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, SVP Stephen Fisher sold 22,561 shares of eBay stock in a transaction on Monday, February 5th. The stock was sold at an average price of $43.97, for a total transaction of $992,007.17. Following the completion of the transaction, the senior vice president now directly owns 95,383 shares in the company, valued at $4,193,990.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 393,202 shares of company stock worth $16,971,727. 6.78% of the stock is owned by insiders.
A number of equities analysts have recently commented on EBAY shares. SunTrust Banks restated a “hold” rating and issued a $38.00 price objective on shares of eBay in a research report on Friday, November 17th. BMO Capital Markets upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Monday, December 4th. Evercore ISI started coverage on shares of eBay in a research report on Tuesday, December 5th. They issued an “in-line” rating and a $36.00 price objective for the company. They noted that the move was a valuation call. BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, Aegis restated a “buy” rating and issued a $45.00 price objective on shares of eBay in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $43.46.
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eBay Company Profile
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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