Victory Capital Management Inc. grew its position in eBay Inc (NASDAQ:EBAY) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,485 shares of the e-commerce company’s stock after purchasing an additional 5,221 shares during the period. Victory Capital Management Inc.’s holdings in eBay were worth $2,698,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc grew its stake in shares of eBay by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock valued at $203,988,000 after buying an additional 128,728 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of eBay by 19.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock valued at $123,651,000 after buying an additional 515,634 shares during the period. Toronto Dominion Bank grew its stake in shares of eBay by 11.0% in the 3rd quarter. Toronto Dominion Bank now owns 378,963 shares of the e-commerce company’s stock valued at $14,574,000 after buying an additional 37,654 shares during the period. Bank of Montreal Can grew its stake in shares of eBay by 28.4% in the 4th quarter. Bank of Montreal Can now owns 1,384,522 shares of the e-commerce company’s stock valued at $52,252,000 after buying an additional 306,604 shares during the period. Finally, Commonwealth Equity Services Inc grew its stake in shares of eBay by 7.6% in the 3rd quarter. Commonwealth Equity Services Inc now owns 65,759 shares of the e-commerce company’s stock valued at $2,529,000 after buying an additional 4,658 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.
In other news, insider Devin Wenig sold 134,207 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $42.69, for a total value of $5,729,296.83. Following the sale, the insider now directly owns 642,077 shares in the company, valued at approximately $27,410,267.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joo Man Park sold 4,924 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $42.67, for a total transaction of $210,107.08. Following the completion of the sale, the senior vice president now owns 55,340 shares in the company, valued at $2,361,357.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,352 shares of company stock worth $7,171,104. 6.78% of the stock is owned by company insiders.
Shares of eBay Inc (NASDAQ EBAY) opened at $43.34 on Tuesday. The stock has a market cap of $43,863.55, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 2.47 and a beta of 1.30. eBay Inc has a fifty-two week low of $31.89 and a fifty-two week high of $46.99. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.59. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. equities analysts predict that eBay Inc will post 1.84 earnings per share for the current year.
eBay announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
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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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