Altrinsic Global Advisors LLC lifted its position in eBay Inc (NASDAQ:EBAY) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 720,233 shares of the e-commerce company’s stock after purchasing an additional 1,721 shares during the quarter. eBay makes up 1.0% of Altrinsic Global Advisors LLC’s holdings, making the stock its 29th biggest holding. Altrinsic Global Advisors LLC’s holdings in eBay were worth $27,181,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of eBay in the 4th quarter worth about $107,000. Valeo Financial Advisors LLC purchased a new position in shares of eBay in the 3rd quarter worth about $122,000. Steward Partners Investment Advisory LLC purchased a new position in shares of eBay in the 3rd quarter worth about $139,000. Grove Bank & Trust boosted its holdings in shares of eBay by 455.2% in the 3rd quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock worth $143,000 after purchasing an additional 3,050 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of eBay in the 4th quarter worth about $190,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.
In other news, insider Devin Wenig sold 134,207 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total value of $5,729,296.83. Following the completion of the transaction, the insider now owns 642,077 shares of the company’s stock, valued at approximately $27,410,267.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joo Man Park sold 4,924 shares of the 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 completion of the transaction, the senior vice president now directly owns 55,340 shares of the company’s stock, valued at approximately $2,361,357.80. The disclosure for this sale can be found here. Insiders sold a total of 236,257 shares of company stock valued at $10,184,880 in the last three months. Corporate insiders own 6.78% of the company’s stock.
Shares of eBay Inc (NASDAQ:EBAY) opened at $42.86 on Thursday. eBay Inc has a fifty-two week low of $31.89 and a fifty-two week high of $46.99. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.19 and a quick ratio of 2.19. The firm has a market capitalization of $43,380.00, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.49 and a beta of 1.31.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the business posted $0.54 EPS. The business’s revenue was up 9.1% on a year-over-year basis. sell-side analysts forecast that eBay Inc will post 1.84 earnings per share for the current year.
eBay declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the e-commerce company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
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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