American Century Companies Inc. trimmed its holdings in shares of eBay (NASDAQ:EBAY) by 64.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 327,429 shares of the e-commerce company’s stock after selling 605,777 shares during the quarter. American Century Companies Inc.’s holdings in eBay were worth $13,176,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in EBAY. OppenheimerFunds Inc. increased its position in shares of eBay by 29,058.6% during the fourth quarter. OppenheimerFunds Inc. now owns 9,881,553 shares of the e-commerce company’s stock worth $372,929,000 after acquiring an additional 9,847,664 shares during the last quarter. Swedbank purchased a new stake in shares of eBay during the fourth quarter worth about $123,834,000. Arrowstreet Capital Limited Partnership increased its position in shares of eBay by 141.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,838,533 shares of the e-commerce company’s stock worth $107,126,000 after acquiring an additional 1,663,600 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of eBay by 7.6% during the fourth quarter. Lazard Asset Management LLC now owns 22,610,368 shares of the e-commerce company’s stock worth $853,313,000 after acquiring an additional 1,595,771 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of eBay by 26.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 6,694,129 shares of the e-commerce company’s stock worth $252,637,000 after acquiring an additional 1,407,062 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.
Get eBay alerts:eBay opened at $38.32 on Friday, MarketBeat Ratings reports. The company has a market cap of $38.17 billion, a PE ratio of 23.51, a P/E/G ratio of 1.86 and a beta of 1.26. eBay has a 52 week low of $33.60 and a 52 week high of $46.99. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.63 and a quick ratio of 2.63.
eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, April 25th. The e-commerce company reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.59 billion. eBay had a positive return on equity of 18.06% and a negative net margin of 16.56%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. equities research analysts anticipate that eBay will post 1.84 EPS for the current year.
eBay declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the e-commerce company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
A number of analysts have recently issued reports on the company. Bank of America lifted their target price on eBay from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. UBS reaffirmed a “buy” rating and set a $48.00 target price (up from $44.00) on shares of eBay in a research report on Thursday, February 1st. Canaccord Genuity reaffirmed a “hold” rating and set a $43.00 target price on shares of eBay in a research report on Thursday, February 1st. Stifel Nicolaus lifted their target price on eBay from $37.00 to $41.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Finally, Goldman Sachs set a $49.00 target price on eBay and gave the stock a “buy” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. eBay presently has an average rating of “Buy” and an average target price of $46.13.
In other news, CFO Scott F. Schenkel sold 131,332 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $43.25, for a total transaction of $5,680,109.00. Following the completion of the transaction, the chief financial officer now directly owns 91,757 shares in the company, valued at $3,968,490.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jae Hyun Lee sold 14,565 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $43.52, for a total value of $633,868.80. Following the transaction, the senior vice president now owns 99,110 shares of the company’s stock, valued at $4,313,267.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 407,836 shares of company stock valued at $16,930,138. Insiders own 6.78% of the company’s stock.
eBay Company Profile
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform 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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