Martingale Asset Management L P Sells 90,861 Shares of eBay Inc (EBAY)
Martingale Asset Management L P trimmed its holdings in shares of eBay Inc (NASDAQ:EBAY) by 60.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,330 shares of the e-commerce company’s stock after selling 90,861 shares during the quarter. Martingale Asset Management L P’s holdings in eBay were worth $2,240,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in EBAY. Valeo Financial Advisors LLC bought a new stake in eBay during the third quarter valued at approximately $122,000. Steward Partners Investment Advisory LLC bought a new stake in eBay during the third quarter valued at approximately $139,000. Grove Bank & Trust boosted its position in shares of eBay by 455.2% in the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock worth $143,000 after purchasing an additional 3,050 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of eBay in the fourth quarter worth approximately $190,000. Finally, Gofen & Glossberg LLC IL bought a new position in shares of eBay in the third quarter worth approximately $204,000. Institutional investors own 87.92% of the company’s stock.
In related news, SVP Stephen Fisher sold 22,561 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $43.97, for a total transaction of $992,007.17. Following the sale, the senior vice president now owns 95,383 shares of the company’s stock, valued at $4,193,990.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jae Hyun Lee sold 25,613 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $43.21, for a total transaction of $1,106,737.73. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 393,202 shares of company stock worth $16,971,727. 6.78% of the stock is owned by insiders.
Shares of eBay Inc (NASDAQ EBAY) opened at $42.95 on Friday. The stock has a market cap of $43,468.84, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.44 and a beta of 1.18. 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 Inc has a 12 month low of $31.89 and a 12 month high of $46.99.
eBay (NASDAQ:EBAY) last released its quarterly earnings results 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. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. eBay’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. equities analysts forecast that eBay Inc will post 1.84 EPS for the current year.
eBay announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is 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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