Clearbridge Investments LLC Acquires 343,657 Shares of eBay Inc (EBAY)

Clearbridge Investments LLC raised its holdings in eBay Inc (NASDAQ:EBAY) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,772,537 shares of the e-commerce company’s stock after acquiring an additional 343,657 shares during the quarter. Clearbridge Investments LLC’s holdings in eBay were worth $255,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of eBay by 1.2% during the fourth quarter. BlackRock Inc. now owns 61,658,847 shares of the e-commerce company’s stock worth $2,327,005,000 after buying an additional 740,730 shares during the period. Lazard Asset Management LLC increased its position in shares of eBay by 7.6% during the fourth quarter. Lazard Asset Management LLC now owns 22,610,368 shares of the e-commerce company’s stock worth $853,313,000 after buying an additional 1,595,771 shares during the period. Nordea Investment Management AB increased its position in shares of eBay by 20.4% during the third quarter. Nordea Investment Management AB now owns 18,407,787 shares of the e-commerce company’s stock worth $707,963,000 after buying an additional 3,118,453 shares during the period. OppenheimerFunds Inc. increased its position in shares of eBay by 29,058.6% during the fourth quarter. OppenheimerFunds Inc. now owns 9,881,553 shares of the e-commerce company’s stock worth $372,929,000 after buying an additional 9,847,664 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of eBay by 26.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 6,694,129 shares of the e-commerce company’s stock worth $252,637,000 after buying an additional 1,407,062 shares during the period. Hedge funds and other institutional investors own 88.03% of the company’s stock.

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eBay Inc (NASDAQ:EBAY) opened at $43.81 on Friday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15. The stock has a market cap of $44,207.66, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. eBay Inc has a 1 year low of $31.89 and a 1 year high of $46.99.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.59. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. equities research analysts predict that eBay Inc will post 1.84 earnings per share for the current year.

eBay declared that its board has initiated a stock buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

EBAY has been the topic of several research analyst reports. Morgan Stanley set a $36.00 target price on shares of eBay and gave the stock a “sell” rating in a research note on Friday, January 12th. Credit Suisse Group reissued an “in-line” rating and set a $51.00 target price (up from $46.00) on shares of eBay in a research note on Thursday, February 1st. BidaskClub raised shares of eBay from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Aegis reaffirmed a “buy” rating and issued a $45.00 price objective on shares of eBay in a research note on Saturday, December 30th. Finally, SunTrust Banks raised shares of eBay from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $43.46.

In related news, SVP Stephen Fisher sold 22,561 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $43.97, for a total value of $992,007.17. Following the transaction, the senior vice president now owns 95,383 shares in the company, valued at approximately $4,193,990.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Scott F. Schenkel sold 131,332 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $43.25, for a total transaction of $5,680,109.00. Following the completion of the transaction, the chief financial officer now owns 91,757 shares in the company, valued at approximately $3,968,490.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 393,202 shares of company stock worth $16,971,727. Company insiders own 6.78% of the company’s stock.

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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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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