State of Alaska Department of Revenue Has $4.01 Million Holdings in eBay Inc (EBAY)

State of Alaska Department of Revenue trimmed its position in eBay Inc (NASDAQ:EBAY) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,897 shares of the e-commerce company’s stock after selling 841 shares during the quarter. State of Alaska Department of Revenue’s holdings in eBay were worth $4,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Bank of New York Mellon Corp increased its holdings in shares of eBay by 30,706.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,508,428 shares of the e-commerce company’s stock valued at $413,028,000 after acquiring an additional 12,467,825 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of eBay by 74.8% in the 3rd quarter. Nordea Investment Management AB now owns 17,883,506 shares of the e-commerce company’s stock valued at $590,516,000 after acquiring an additional 7,651,060 shares during the last quarter. Independent Franchise Partners LLP increased its holdings in shares of eBay by 14.6% in the 3rd quarter. Independent Franchise Partners LLP now owns 21,666,149 shares of the e-commerce company’s stock valued at $715,416,000 after acquiring an additional 2,755,032 shares during the last quarter. Lindsell Train Ltd increased its holdings in shares of eBay by 27.4% in the 3rd quarter. Lindsell Train Ltd now owns 7,844,900 shares of the e-commerce company’s stock valued at $259,039,000 after acquiring an additional 1,687,500 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of eBay by 15.1% in the 3rd quarter. First Trust Advisors LP now owns 9,476,950 shares of the e-commerce company’s stock valued at $312,929,000 after acquiring an additional 1,245,198 shares during the last quarter. Institutional investors and hedge funds own 83.48% of the company’s stock.

Shares of EBAY opened at $30.41 on Monday. The firm has a market cap of $29.16 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.50 and a beta of 1.23. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.11. eBay Inc has a 12 month low of $26.01 and a 12 month high of $46.99.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that eBay Inc will post 1.84 earnings per share for the current fiscal year.

In other eBay news, Director Robert Holmes Swan purchased 17,787 shares of eBay stock in a transaction on Wednesday, January 2nd. The stock was bought at an average price of $28.21 per share, for a total transaction of $501,771.27. Following the transaction, the director now owns 289,207 shares of the company’s stock, valued at approximately $8,158,529.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian J. Doerger sold 3,526 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total value of $99,468.46. Following the transaction, the vice president now owns 37,664 shares of the company’s stock, valued at approximately $1,062,501.44. The disclosure for this sale can be found here. Insiders have sold a total of 91,461 shares of company stock valued at $2,643,165 in the last quarter. 6.22% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their price target on eBay from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. KeyCorp reiterated an “overweight” rating and issued a $43.00 price target (down from $50.00) on shares of eBay in a report on Wednesday, October 31st. Benchmark lowered their price target on eBay from $50.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Raymond James boosted their price target on eBay from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, October 31st. Finally, ValuEngine downgraded eBay from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have assigned a buy rating to the company. eBay has an average rating of “Hold” and an average price target of $39.47.

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eBay 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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