Benjamin F. Edwards & Company Inc. Acquires 427 Shares of eBay Inc (EBAY)
Benjamin F. Edwards & Company Inc. grew its holdings in eBay Inc (NASDAQ:EBAY) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,349 shares of the e-commerce company’s stock after acquiring an additional 427 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in eBay were worth $66,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Clean Yield Group purchased a new stake in shares of eBay in the 4th quarter valued at $28,000. Stratos Wealth Partners LTD. purchased a new stake in eBay during the third quarter worth $144,000. Quantamental Technologies LLC purchased a new stake in eBay during the fourth quarter worth $125,000. JNBA Financial Advisors boosted its holdings in eBay by 567.5% during the third quarter. JNBA Financial Advisors now owns 4,512 shares of the e-commerce company’s stock worth $149,000 after buying an additional 3,836 shares in the last quarter. Finally, Brookstone Capital Management purchased a new stake in eBay during the third quarter worth $217,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ EBAY opened at $36.19 on Wednesday. The stock has a market capitalization of $32.42 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.22. eBay Inc has a 52 week low of $26.01 and a 52 week high of $44.36.
The firm also recently announced a Not Available dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 28th.
In related news, VP Brian J. Doerger sold 10,185 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $34.30, for a total value of $349,345.50. Following the completion of the sale, the vice president now owns 39,544 shares of the company’s stock, valued at $1,356,359.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian J. Doerger sold 3,526 shares of the company’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $28.21, for a total transaction of $99,468.46. Following the completion of the sale, the vice president now directly 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 sold 101,646 shares of company stock valued at $2,992,510 over the last quarter. Company insiders own 6.22% of the company’s stock.
A number of brokerages recently issued reports on EBAY. TheStreet downgraded shares of eBay from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Piper Jaffray Companies lowered their price target on shares of eBay from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, October 31st. Royal Bank of Canada lowered their price target on shares of eBay from $34.00 to $31.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 31st. Raymond James reissued an “outperform” rating and set a $39.00 price target (up from $35.00) on shares of eBay in a report on Wednesday, January 30th. Finally, Bank of America reissued a “neutral” rating and set a $38.00 price target (up from $34.00) on shares of eBay in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.13.
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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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