Cerebellum GP LLC Acquires 8,838 Shares of eBay Inc (NASDAQ:EBAY)

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Cerebellum GP LLC raised its holdings in eBay Inc (NASDAQ:EBAY) by 127.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,780 shares of the e-commerce company’s stock after purchasing an additional 8,838 shares during the quarter. Cerebellum GP LLC’s holdings in eBay were worth $570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC bought a new position in eBay in the 3rd quarter valued at $26,000. Doyle Wealth Management bought a new position in eBay in the 2nd quarter valued at $39,000. Hussman Strategic Advisors Inc. bought a new position in eBay in the 3rd quarter valued at $39,000. North Star Investment Management Corp. bought a new position in eBay in the 3rd quarter valued at $55,000. Finally, Garrett Wealth Advisory Group LLC bought a new position in eBay in the 3rd quarter valued at $62,000. Hedge funds and other institutional investors own 87.19% of the company’s stock.

Shares of eBay stock opened at $35.33 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 2.36. eBay Inc has a 12 month low of $30.06 and a 12 month high of $42.00. The business has a fifty day simple moving average of $35.54 and a 200 day simple moving average of $37.98. The stock has a market cap of $28.76 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.48 and a beta of 1.36.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. eBay had a return on equity of 41.12% and a net margin of 18.33%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Analysts expect that eBay Inc will post 2.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.59%. eBay’s dividend payout ratio (DPR) is presently 31.64%.

In related news, SVP Wendy Elizabeth Jones sold 7,878 shares of eBay stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total transaction of $281,480.94. Following the completion of the sale, the senior vice president now directly owns 39,000 shares of the company’s stock, valued at $1,393,470. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.22% of the stock is owned by insiders.

Several brokerages have issued reports on EBAY. Credit Suisse Group set a $48.00 price objective on eBay and gave the company a “buy” rating in a research report on Friday, October 11th. Robert W. Baird set a $46.00 price objective on eBay and gave the company a “buy” rating in a research report on Tuesday, October 8th. Cowen set a $36.00 price objective on eBay and gave the company a “hold” rating in a research report on Monday, October 21st. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research report on Thursday, January 9th. Finally, Stifel Nicolaus restated a “hold” rating and set a $42.00 target price on shares of eBay in a research report on Monday, November 25th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.73.

eBay Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps 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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