Bell & Brown Wealth Advisors LLC acquired a new position in shares of eBay Inc (NASDAQ:EBAY) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 15,229 shares of the e-commerce company’s stock, valued at approximately $575,000.
A number of other large investors have also recently bought and sold shares of EBAY. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of eBay during the 4th quarter worth approximately $107,000. Valeo Financial Advisors LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $122,000. Steward Partners Investment Advisory LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $139,000. Grove Bank & Trust boosted its holdings in shares of eBay by 455.2% during 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 during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of eBay during the 4th quarter worth approximately $190,000. Institutional investors own 87.92% of the company’s stock.
EBAY has been the topic of several recent research reports. Morgan Stanley set a $36.00 target price on eBay and gave the stock a “sell” rating in a report on Friday, January 12th. BidaskClub upgraded eBay from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Credit Suisse Group restated an “in-line” rating and set a $51.00 target price (up from $46.00) on shares of eBay in a report on Thursday, February 1st. Aegis restated a “buy” rating and set a $45.00 target price 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 on the stock in a report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have given a buy rating to the company’s stock. eBay presently has a consensus rating of “Hold” and an average price target of $43.21.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. research analysts forecast that eBay Inc will post 1.84 EPS for the current fiscal year.
eBay declared that its board has approved a stock repurchase plan on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In other news, insider Devin Wenig sold 134,207 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total transaction of $5,729,296.83. Following the sale, the insider now owns 642,077 shares of the company’s stock, valued at $27,410,267.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Raymond J. Pittman sold 60,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $43.66, for a total value of $2,619,600.00. Following the sale, the senior vice president now directly owns 82,127 shares in the company, valued at approximately $3,585,664.82. The disclosure for this sale can be found here. Insiders have sold 236,257 shares of company stock worth $10,184,880 in the last ninety days. Corporate insiders own 6.78% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3229770/bell-brown-wealth-advisors-llc-takes-position-in-ebay-inc-ebay.html.
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.
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc (NASDAQ:EBAY).
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.