DnB Asset Management AS Increases Position in eBay Inc. (EBAY)

DnB Asset Management AS boosted its stake in eBay Inc. (NASDAQ:EBAY) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,545 shares of the e-commerce company’s stock after acquiring an additional 1,900 shares during the period. DnB Asset Management AS’s holdings in eBay were worth $8,776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Westside Investment Management Inc. lifted its position in eBay by 1.7% in the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after acquiring an additional 60 shares during the last quarter. Frontier Wealth Management LLC lifted its position in eBay by 2.3% in the second quarter. Frontier Wealth Management LLC now owns 6,104 shares of the e-commerce company’s stock valued at $213,000 after acquiring an additional 135 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in eBay by 0.4% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 51,535 shares of the e-commerce company’s stock valued at $1,800,000 after acquiring an additional 225 shares during the last quarter. Eagle Asset Management Inc. lifted its position in eBay by 3.8% in the second quarter. Eagle Asset Management Inc. now owns 8,425 shares of the e-commerce company’s stock valued at $294,000 after acquiring an additional 309 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in eBay by 0.8% in the second quarter. Advisor Group Inc. now owns 43,958 shares of the e-commerce company’s stock valued at $1,510,000 after acquiring an additional 346 shares during the last quarter. 85.93% of the stock is owned by hedge funds and other institutional investors.

eBay Inc. (EBAY) opened at $37.70 on Thursday. eBay Inc. has a one year low of $29.69 and a one year high of $40.13. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. The stock has a market cap of $39,380.00, a PE ratio of 5.57, a PEG ratio of 2.75 and a beta of 1.34.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the business posted $0.45 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. research analysts predict that eBay Inc. will post 1.65 EPS for the current year.

In other news, SVP Stephen Fisher sold 69,406 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the transaction, the senior vice president now directly owns 144,047 shares in the company, valued at $5,420,488.61. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Raymond J. Pittman sold 31,400 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the transaction, the senior vice president now owns 74,334 shares in the company, valued at $2,644,803.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,242 shares of company stock worth $6,842,297. Company insiders own 6.78% of the company’s stock.

A number of equities research analysts recently weighed in on EBAY shares. BMO Capital Markets reissued a “hold” rating on shares of eBay in a research report on Wednesday, September 13th. DA Davidson initiated coverage on shares of eBay in a research report on Wednesday, September 13th. They issued a “buy” rating and a $45.00 price target for the company. Aegis reaffirmed a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of eBay in a report on Tuesday, September 19th. Benchmark reaffirmed a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of eBay in a report on Friday, September 22nd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $45.00 target price on shares of eBay in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.71.

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eBay Profile

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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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