FDx Advisors Inc. Has $3.58 Million Holdings in eBay Inc (EBAY)
FDx Advisors Inc. raised its position in shares of eBay Inc (NASDAQ:EBAY) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,830 shares of the e-commerce company’s stock after buying an additional 1,929 shares during the quarter. FDx Advisors Inc.’s holdings in eBay were worth $3,579,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC purchased a new position in shares of eBay in the 3rd quarter valued at approximately $122,000. Steward Partners Investment Advisory LLC purchased a new position in shares of eBay in the 3rd quarter valued at approximately $139,000. Grove Bank & Trust raised its position in shares of eBay by 455.2% in the 3rd quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock valued at $143,000 after purchasing an additional 3,050 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of eBay in the 4th quarter valued at approximately $190,000. Finally, Lakeview Capital Partners LLC purchased a new position in shares of eBay in the 3rd quarter valued at approximately $204,000. 87.92% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Joo Man Park sold 4,924 shares of eBay stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $42.67, for a total value of $210,107.08. Following the sale, the senior vice president now owns 55,340 shares of the company’s stock, valued at approximately $2,361,357.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Devin Wenig sold 134,207 shares of eBay stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $42.69, for a total transaction of $5,729,296.83. Following the completion of the sale, the insider now directly owns 642,077 shares in the company, valued at approximately $27,410,267.13. The disclosure for this sale can be found here. Insiders have sold a total of 168,352 shares of company stock worth $7,171,104 in the last ninety days. Corporate insiders own 6.78% of the company’s stock.
Shares of eBay Inc (NASDAQ EBAY) opened at $43.39 on Wednesday. The company has a market cap of $43,863.55, a P/E ratio of 26.27, a PEG ratio of 2.47 and a beta of 1.30. eBay Inc has a one year low of $31.89 and a one year high of $46.99. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.19 and a current ratio of 2.19.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. research analysts forecast that eBay Inc will post 1.84 earnings per share for the current fiscal year.
eBay announced that its board has initiated a share repurchase plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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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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