Teachers Advisors LLC increased its holdings in shares of eBay Inc (NASDAQ:EBAY) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,198,560 shares of the e-commerce company’s stock after acquiring an additional 8,218 shares during the period. Teachers Advisors LLC owned approximately 0.41% of eBay worth $158,454,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in eBay by 1.2% in the 4th quarter. BlackRock Inc. now owns 61,658,847 shares of the e-commerce company’s stock worth $2,327,005,000 after buying an additional 740,730 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in eBay by 7.6% in the 4th quarter. Lazard Asset Management LLC now owns 22,610,368 shares of the e-commerce company’s stock worth $853,313,000 after buying an additional 1,595,771 shares during the last quarter. Nordea Investment Management AB boosted its holdings in eBay by 20.4% in the 3rd quarter. Nordea Investment Management AB now owns 18,407,787 shares of the e-commerce company’s stock worth $707,963,000 after buying an additional 3,118,453 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in eBay by 29,058.6% in the 4th quarter. OppenheimerFunds Inc. now owns 9,881,553 shares of the e-commerce company’s stock worth $372,929,000 after buying an additional 9,847,664 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in eBay by 5.3% in the 4th quarter. Clearbridge Investments LLC now owns 6,772,537 shares of the e-commerce company’s stock worth $255,596,000 after buying an additional 343,657 shares during the last quarter. Hedge funds and other institutional investors own 88.92% of the company’s stock.
Several research firms recently issued reports on EBAY. ValuEngine upgraded eBay from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. BidaskClub cut eBay from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Aegis lifted their price objective on eBay from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Credit Suisse Group set a $51.00 price objective on eBay and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. set a $45.00 price objective on eBay and gave the stock a “neutral” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. eBay has an average rating of “Buy” and a consensus target price of $43.46.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. eBay had a net margin of 19.25% and a return on equity of 20.86%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. analysts forecast that eBay Inc will post 1.84 earnings per share for the current year.
eBay announced that its Board of Directors has initiated a share repurchase plan 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 buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other eBay news, SVP Joo Man Park sold 4,924 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $42.67, for a total value of $210,107.08. Following the sale, the senior vice president now owns 55,340 shares of the company’s stock, valued at $2,361,357.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Stephen Fisher sold 22,561 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $43.97, for a total value of $992,007.17. Following the completion of the sale, the senior vice president now directly owns 95,383 shares in the company, valued at approximately $4,193,990.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 393,202 shares of company stock worth $16,971,727. Corporate insiders own 6.78% of the company’s stock.
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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