Creative Planning decreased its stake in shares of eBay Inc (NASDAQ:EBAY) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,648 shares of the e-commerce company’s stock after selling 1,464 shares during the period. Creative Planning’s holdings in eBay were worth $748,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of EBAY. Clean Yield Group acquired a new stake in shares of eBay in the fourth quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of eBay by 22.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,349 shares of the e-commerce company’s stock valued at $66,000 after purchasing an additional 427 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $125,000. Stratos Wealth Partners LTD. acquired a new stake in shares of eBay in the third quarter valued at approximately $144,000. Finally, JNBA Financial Advisors increased its stake in shares of eBay by 567.5% in the third quarter. JNBA Financial Advisors now owns 4,512 shares of the e-commerce company’s stock valued at $149,000 after purchasing an additional 3,836 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Brian J. Doerger sold 10,185 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $34.30, for a total transaction of $349,345.50. Following the completion of the sale, the vice president now directly owns 39,544 shares in the company, valued at $1,356,359.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian J. Doerger sold 3,526 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total transaction of $99,468.46. Following the sale, the vice president now owns 37,664 shares of the company’s stock, valued at $1,062,501.44. The disclosure for this sale can be found here. Insiders have sold 101,646 shares of company stock valued at $2,992,510 over the last 90 days. 6.22% of the stock is currently owned by insiders.
Shares of NASDAQ:EBAY opened at $36.26 on Thursday. The company has a market cap of $33.30 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. eBay Inc has a 1-year low of $26.01 and a 1-year high of $44.36. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.22.
eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.86 billion. eBay had a net margin of 23.54% and a return on equity of 27.40%. As a group, sell-side analysts anticipate that eBay Inc will post 2.15 EPS for the current year.
The firm also recently announced a Not Available dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, February 28th.
EBAY has been the topic of several analyst reports. Goldman Sachs Group lowered shares of eBay from a “buy” rating to a “neutral” rating and dropped their price target for the company from $34.00 to $32.00 in a research note on Friday, January 4th. ValuEngine lowered shares of eBay from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. FIX lowered shares of eBay from a “buy” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $33.00 in a research note on Monday, October 22nd. Aegis reiterated a “buy” rating and set a $40.00 price objective (down previously from $44.00) on shares of eBay in a research note on Wednesday, January 2nd. Finally, Guggenheim reiterated a “hold” rating on shares of eBay in a research note on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.13.
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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.
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