Global X Management Co. LLC grew its position in eBay Inc (NASDAQ:EBAY) by 72.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 29,540 shares of the e-commerce company’s stock after acquiring an additional 12,400 shares during the quarter. Global X Management Co. LLC’s holdings in eBay were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the company. Independent Franchise Partners LLP boosted its holdings in shares of eBay by 17.6% in the third quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock valued at $874,151,000 after acquiring an additional 3,406,261 shares during the period. Nordea Investment Management AB boosted its holdings in shares of eBay by 20.4% in the third quarter. Nordea Investment Management AB now owns 18,407,787 shares of the e-commerce company’s stock valued at $707,963,000 after acquiring an additional 3,118,453 shares during the period. First Trust Advisors LP boosted its holdings in shares of eBay by 15.9% in the fourth quarter. First Trust Advisors LP now owns 6,361,181 shares of the e-commerce company’s stock valued at $240,071,000 after acquiring an additional 872,790 shares during the period. Sanders Capital LLC boosted its holdings in shares of eBay by 6.9% in the fourth quarter. Sanders Capital LLC now owns 5,989,000 shares of the e-commerce company’s stock valued at $248,814,000 after acquiring an additional 389,100 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of eBay by 2.5% in the third quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock valued at $203,988,000 after acquiring an additional 128,728 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.
In other news, VP Brian J. Doerger sold 6,660 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now owns 16,732 shares in the company, valued at $602,184.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 completion of the transaction, the insider now owns 642,077 shares of the company’s stock, valued at approximately $27,410,267.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 168,352 shares of company stock valued at $7,171,104. Company insiders own 6.78% of the company’s stock.
eBay Inc (NASDAQ EBAY) opened at $43.34 on Monday. eBay Inc has a 52-week low of $31.89 and a 52-week high of $46.99. The firm has a market capitalization of $43,863.55, a price-to-earnings ratio of 26.27, a PEG ratio of 2.47 and a beta of 1.30. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.19 and a quick ratio of 2.19.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. sell-side analysts forecast that eBay Inc will post 1.84 EPS for the current year.
eBay declared that its Board of Directors has authorized a share repurchase plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the e-commerce company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
eBay Company 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.
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