Brandywine Global Investment Management LLC boosted its position in shares of eBay Inc (NASDAQ:EBAY) by 189.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,435,555 shares of the e-commerce company’s stock after buying an additional 940,428 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.16% of eBay worth $40,297,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Dorsey Asset Management LLC raised its stake in eBay by 11.9% in the 4th quarter. Dorsey Asset Management LLC now owns 413,971 shares of the e-commerce company’s stock valued at $11,620,000 after acquiring an additional 43,865 shares during the period. MUFG Securities EMEA plc increased its position in shares of eBay by 1,736.1% during the fourth quarter. MUFG Securities EMEA plc now owns 463,000 shares of the e-commerce company’s stock valued at $12,996,000 after buying an additional 437,783 shares during the period. PRW Wealth Management LLC bought a new stake in shares of eBay during the fourth quarter valued at about $126,000. ERTS Wealth Advisors LLC bought a new stake in shares of eBay during the fourth quarter valued at about $65,000. Finally, Polar Capital LLP increased its position in shares of eBay by 2.9% during the fourth quarter. Polar Capital LLP now owns 1,813,774 shares of the e-commerce company’s stock valued at $50,913,000 after buying an additional 50,492 shares during the period. Institutional investors own 85.99% of the company’s stock.
Shares of EBAY opened at $36.30 on Friday. The company has a market capitalization of $33.19 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.77 and a beta of 1.36. 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 Inc has a 1 year low of $26.01 and a 1 year high of $43.00.
eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.86 billion. eBay had a return on equity of 27.40% and a net margin of 23.54%. Sell-side analysts anticipate that eBay Inc will post 2.15 earnings per share for the current fiscal year.
The business also recently disclosed a Not Available dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, February 28th. eBay’s dividend payout ratio (DPR) is presently 24.14%.
In other eBay news, VP Brian J. Doerger sold 10,185 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $34.30, for a total value of $349,345.50. Following the completion of the transaction, the vice president now owns 39,544 shares in the company, valued at $1,356,359.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Holmes Swan acquired 17,787 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was purchased at an average price of $28.21 per share, with a total value of $501,771.27. Following the acquisition, the director now owns 289,207 shares of the company’s stock, valued at approximately $8,158,529.47. The disclosure for this purchase can be found here. Corporate insiders own 6.22% of the company’s stock.
Several equities research analysts have recently weighed in on EBAY shares. Goldman Sachs Group cut eBay from a “buy” rating to a “neutral” rating and decreased their price target for the company from $34.00 to $32.00 in a research report on Friday, January 4th. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, January 30th. ValuEngine cut eBay from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Aegis reiterated a “buy” rating and set a $40.00 price target (down from $44.00) on shares of eBay in a research report on Wednesday, January 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $32.00 price target on shares of eBay in a research report on Wednesday, January 16th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $39.13.
eBay Company Profile
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.
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