UBS Asset Management Americas Inc. raised its position in shares of eBay Inc (NASDAQ:EBAY) by 4.6% in the fourth quarter, HoldingsChannel reports. The firm owned 3,487,011 shares of the e-commerce company’s stock after buying an additional 153,811 shares during the period. UBS Asset Management Americas Inc.’s holdings in eBay were worth $131,600,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Valeo Financial Advisors LLC acquired a new position in shares of eBay during the 3rd quarter valued at about $122,000. Steward Partners Investment Advisory LLC acquired a new position in shares of eBay during the 3rd quarter valued at about $139,000. Grove Bank & Trust increased 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 valued at $143,000 after acquiring an additional 3,050 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of eBay during the 4th quarter valued at about $190,000. Finally, Lakeview Capital Partners LLC acquired a new position in shares of eBay during the 3rd quarter valued at about $204,000. 87.92% of the stock is owned by institutional investors.
eBay Inc (NASDAQ:EBAY) opened at $43.34 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $43,863.55, a P/E ratio of -40.50, a P/E/G ratio of 2.47 and a beta of 1.30. eBay Inc has a 52-week low of $31.89 and a 52-week high of $46.99.
eBay declared that its board has approved a stock buyback program on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the e-commerce company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts have recently commented on EBAY shares. Morgan Stanley set a $36.00 price objective on eBay and gave the company a “sell” rating in a report on Friday, January 12th. BidaskClub raised eBay from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Aegis reissued a “buy” rating and set a $45.00 price objective on shares of eBay in a report on Saturday, December 30th. SunTrust Banks raised 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. Finally, Credit Suisse Group reissued an “in-line” rating and set a $51.00 price objective (up previously from $46.00) on shares of eBay in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $42.87.
In related news, SVP Stephen Fisher sold 22,561 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $43.97, for a total transaction of $992,007.17. Following the completion of the transaction, the senior vice president now owns 95,383 shares in the company, valued at approximately $4,193,990.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian J. Doerger sold 6,660 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $35.99, for a total value of $239,693.40. Following the transaction, the vice president now owns 16,732 shares of the company’s stock, valued at approximately $602,184.68. The disclosure for this sale can be found here. Insiders have sold a total of 168,352 shares of company stock valued at $7,171,104 in the last 90 days. 6.78% of the stock is owned by corporate insiders.
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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