Bell & Brown Wealth Advisors LLC Grows Stake in eBay Inc (EBAY)

Bell & Brown Wealth Advisors LLC grew its holdings in eBay Inc (NASDAQ:EBAY) by 179.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,030 shares of the e-commerce company’s stock after purchasing an additional 41,745 shares during the quarter. Bell & Brown Wealth Advisors LLC’s holdings in eBay were worth $1,825,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EBAY. Oakbrook Investments LLC purchased a new stake in shares of eBay in the 3rd quarter valued at about $1,035,000. TIAA FSB purchased a new stake in shares of eBay in the 3rd quarter valued at about $416,000. Cornerstone Wealth Management LLC raised its holdings in shares of eBay by 20.6% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 67,218 shares of the e-commerce company’s stock valued at $1,724,000 after acquiring an additional 11,480 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of eBay by 14.6% in the 3rd quarter. IFM Investors Pty Ltd now owns 50,415 shares of the e-commerce company’s stock valued at $1,665,000 after acquiring an additional 6,418 shares in the last quarter. Finally, Tower Bridge Advisors purchased a new stake in shares of eBay in the 3rd quarter valued at about $388,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Shares of NASDAQ EBAY opened at $36.58 on Tuesday. The stock has a market cap of $33.47 billion, a P/E ratio of 15.77, a PEG ratio of 1.71 and a beta of 1.36. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.60 and a current ratio of 1.60. eBay Inc has a 1-year low of $26.01 and a 1-year high of $44.36.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.86 billion. eBay had a return on equity of 27.40% and a net margin of 23.54%. As a group, equities analysts expect that eBay Inc will post 2.15 earnings per share for the current year.

The business also recently declared a Not Available dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be paid a $0.14 dividend. The ex-dividend date is Thursday, February 28th.

Several analysts have weighed in on the company. Citigroup lowered their price target on eBay from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, January 30th. Credit Suisse Group lowered their price target on eBay from $58.00 to $52.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. KeyCorp reaffirmed an “overweight” rating and issued a $43.00 price target (down previously from $50.00) on shares of eBay in a report on Wednesday, October 31st. Aegis reaffirmed a “buy” rating and issued a $40.00 price target (down previously from $44.00) on shares of eBay in a report on Wednesday, January 2nd. Finally, BidaskClub raised eBay from a “strong sell” rating to a “sell” rating in a report on Saturday, November 3rd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $39.13.

In other eBay news, Director Pierre M. Omidyar sold 36,000 shares of eBay stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $28.82, for a total value of $1,037,520.00. Following the transaction, the director now directly owns 45,364,858 shares of the company’s stock, valued at approximately $1,307,415,207.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian J. Doerger sold 10,185 shares of eBay stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $34.30, for a total value of $349,345.50. Following the completion of the transaction, the vice president now directly owns 39,544 shares in the company, valued at $1,356,359.20. The disclosure for this sale can be found here. Insiders sold a total of 98,120 shares of company stock worth $2,893,042 over the last ninety days. Insiders own 6.22% of the company’s stock.

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About eBay

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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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