Gabelli Funds LLC Has $14.91 Million Position in eBay Inc. (EBAY)
Gabelli Funds LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 395,000 shares of the e-commerce company’s stock after acquiring an additional 3,000 shares during the period. Gabelli Funds LLC’s holdings in eBay were worth $14,907,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. BB&T Investment Services Inc. bought a new stake in eBay in the second quarter valued at approximately $119,000. Valeo Financial Advisors LLC bought a new stake in eBay in the third quarter valued at approximately $122,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in eBay in the second quarter valued at approximately $123,000. Steward Partners Investment Advisory LLC bought a new stake in eBay in the third quarter valued at approximately $139,000. Finally, Grove Bank & Trust boosted its holdings in eBay by 455.2% in the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock valued at $143,000 after acquiring an additional 3,050 shares during the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.
EBAY has been the topic of several analyst reports. Morgan Stanley set a $36.00 target price on eBay and gave the company a “sell” rating in a report on Friday, January 12th. BidaskClub upgraded eBay from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Aegis reiterated a “buy” rating and issued a $45.00 target price on shares of eBay in a report on Saturday, December 30th. SunTrust Banks upgraded eBay from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Friday, January 12th. Finally, BMO Capital Markets upgraded eBay from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eighteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.87.
eBay Inc. (NASDAQ:EBAY) opened at $41.02 on Friday. eBay Inc. has a twelve month low of $31.89 and a twelve month high of $46.99. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.19 and a quick ratio of 2.46. The stock has a market capitalization of $42,841.35, a price-to-earnings ratio of -38.34, a P/E/G ratio of 2.41 and a beta of 1.30.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business earned $0.54 EPS. eBay’s quarterly revenue was up 9.1% compared to the same quarter last year. analysts predict that eBay Inc. will post 1.84 earnings per share for the current year.
eBay announced that its board has approved a share repurchase plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the e-commerce company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
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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