WINTON GROUP Ltd raised its position in eBay Inc (NASDAQ:EBAY) by 828.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,884 shares of the e-commerce company’s stock after acquiring an additional 135,531 shares during the quarter. WINTON GROUP Ltd’s holdings in eBay were worth $6,112,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of eBay during the 4th quarter worth about $107,000. Archford Capital Strategies LLC acquired a new stake in shares of eBay during the 1st quarter worth about $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of eBay by 506.3% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,910 shares of the e-commerce company’s stock worth $117,000 after buying an additional 2,430 shares during the last quarter. Massey Quick Simon & CO. LLC lifted its stake in shares of eBay by 100.0% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 2,958 shares of the e-commerce company’s stock worth $119,000 after buying an additional 1,479 shares during the last quarter. Finally, Motco acquired a new stake in shares of eBay during the 1st quarter worth about $129,000. Hedge funds and other institutional investors own 86.22% of the company’s stock.
In other news, SVP Stephen Fisher sold 86,843 shares of the firm’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $38.10, for a total value of $3,308,718.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert Holmes Swan sold 41,444 shares of the firm’s stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $42.52, for a total transaction of $1,762,198.88. Following the completion of the sale, the director now owns 304,529 shares in the company, valued at $12,948,573.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,558 shares of company stock worth $7,242,024. 6.78% of the stock is currently owned by corporate insiders.
eBay opened at $38.09 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.63 and a current ratio of 2.63. eBay Inc has a 12 month low of $33.94 and a 12 month high of $46.99. The stock has a market capitalization of $37.78 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.84 and a beta of 1.25.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 25th. The e-commerce company reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. eBay had a negative net margin of 16.56% and a positive return on equity of 18.06%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period last year, the company posted $0.49 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. equities research analysts forecast that eBay Inc will post 1.84 earnings per share for the current fiscal year.
EBAY has been the subject of a number of research reports. Benchmark restated a “buy” rating and set a $53.00 target price on shares of eBay in a research note on Thursday, April 26th. Credit Suisse Group set a $51.00 target price on shares of eBay and gave the stock a “buy” rating in a research note on Friday, March 9th. Robert W. Baird restated a “buy” rating and set a $52.00 target price on shares of eBay in a research note on Thursday, March 29th. Stifel Nicolaus raised their target price on shares of eBay from $44.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, April 23rd. Finally, Raymond James cut their target price on shares of eBay from $52.00 to $51.00 and set a “strong-buy” rating for the company in a research note on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. eBay currently has a consensus rating of “Buy” and a consensus price target of $46.41.
eBay Company Profile
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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.