Brandywine Global Investment Management LLC lessened its position in shares of eBay Inc (NASDAQ:EBAY) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,190 shares of the e-commerce company’s stock after selling 5,683 shares during the period. Brandywine Global Investment Management LLC’s holdings in eBay were worth $9,858,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in eBay by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock worth $203,988,000 after purchasing an additional 128,728 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of eBay by 11.0% in the 3rd quarter. Toronto Dominion Bank now owns 378,963 shares of the e-commerce company’s stock valued at $14,574,000 after acquiring an additional 37,654 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of eBay by 28.4% in the 4th quarter. Bank of Montreal Can now owns 1,384,522 shares of the e-commerce company’s stock valued at $52,252,000 after acquiring an additional 306,604 shares in the last quarter. Commonwealth Equity Services Inc grew its holdings in shares of eBay by 7.6% in the 3rd quarter. Commonwealth Equity Services Inc now owns 65,759 shares of the e-commerce company’s stock valued at $2,529,000 after acquiring an additional 4,658 shares in the last quarter. Finally, BKD Wealth Advisors LLC grew its holdings in shares of eBay by 11.7% in the 4th quarter. BKD Wealth Advisors LLC now owns 15,088 shares of the e-commerce company’s stock valued at $569,000 after acquiring an additional 1,583 shares in the last quarter. Hedge funds and other institutional investors own 88.92% of the company’s stock.
Shares of eBay Inc (NASDAQ EBAY) opened at $42.82 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15. The stock has a market cap of $43,340.00, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. eBay Inc has a 1 year low of $31.89 and a 1 year high of $46.99.
eBay announced that its board has authorized a share repurchase plan on Wednesday, January 31st that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the e-commerce company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other news, insider Devin Wenig sold 134,207 shares of eBay stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 642,077 shares in the company, valued at $27,410,267.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Stephen Fisher sold 22,561 shares of eBay stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $43.97, for a total transaction of $992,007.17. Following the completion of the sale, the senior vice president now owns 95,383 shares of the company’s stock, valued at $4,193,990.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 393,202 shares of company stock valued at $16,971,727. 6.78% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on EBAY shares. Morgan Stanley set a $36.00 price objective on eBay and gave the company a “sell” rating in a report on Friday, January 12th. Credit Suisse Group restated an “in-line” rating and issued a $51.00 price objective (up previously from $46.00) on shares of eBay in a report on Thursday, February 1st. BidaskClub upgraded eBay from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Aegis restated a “buy” rating and issued a $45.00 price objective on shares of eBay in a report on Saturday, December 30th. Finally, SunTrust Banks upgraded eBay from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $43.46.
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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