Philadelphia Trust Co. Acquires New Position in eBay Inc. (NASDAQ:EBAY)


Share on StockTwits

Philadelphia Trust Co. bought a new position in eBay Inc. (NASDAQ:EBAY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,000 shares of the e-commerce company’s stock, valued at approximately $452,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NEXT Financial Group Inc grew its holdings in shares of eBay by 17.9% in the third quarter. NEXT Financial Group Inc now owns 5,063 shares of the e-commerce company’s stock worth $264,000 after purchasing an additional 768 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of eBay by 12.1% during the third quarter. Sequoia Financial Advisors LLC now owns 5,710 shares of the e-commerce company’s stock valued at $297,000 after acquiring an additional 617 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new stake in shares of eBay during the third quarter worth about $36,000. Steel Peak Wealth Management LLC grew its stake in shares of eBay by 66.3% in the third quarter. Steel Peak Wealth Management LLC now owns 23,694 shares of the e-commerce company’s stock worth $1,234,000 after purchasing an additional 9,443 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT purchased a new position in eBay during the 3rd quarter valued at about $660,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

NASDAQ EBAY opened at $61.56 on Tuesday. The company has a 50-day moving average price of $58.17 and a 200-day moving average price of $53.63. eBay Inc. has a 52 week low of $26.02 and a 52 week high of $64.85. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $41.89 billion, a P/E ratio of 8.56, a PEG ratio of 1.40 and a beta of 1.23.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, February 2nd. The e-commerce company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. eBay had a net margin of 50.42% and a return on equity of 82.73%. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the business posted $0.81 earnings per share. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. As a group, equities research analysts anticipate that eBay Inc. will post 2.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 19th. Stockholders of record on Monday, March 1st will be given a dividend of $0.18 per share. This is an increase from eBay’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, February 26th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.17%. eBay’s payout ratio is presently 27.59%.

eBay declared that its board has authorized a share buyback program on Wednesday, February 3rd that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the e-commerce company to repurchase up to 10% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Several research firms have recently issued reports on EBAY. Deutsche Bank Aktiengesellschaft upped their target price on eBay from $59.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, February 4th. Wedbush increased their price target on shares of eBay from $65.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 4th. Barclays upped their target price on eBay from $82.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, February 4th. Mizuho increased their price objective on eBay from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, February 4th. Finally, UBS Group boosted their target price on shares of eBay from $62.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, February 4th. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. eBay has an average rating of “Hold” and a consensus target price of $67.20.

In other news, SVP Pete Thompson sold 853 shares of the firm’s stock in a transaction dated Thursday, December 17th. The stock was sold at an average price of $53.63, for a total value of $45,746.39. Following the transaction, the senior vice president now owns 14,801 shares of the company’s stock, valued at $793,777.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew John Cring sold 9,512 shares of eBay stock in a transaction dated Tuesday, January 19th. The shares were sold at an average price of $57.00, for a total value of $542,184.00. Following the transaction, the chief financial officer now directly owns 122,664 shares in the company, valued at $6,991,848. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,083 shares of company stock valued at $757,805. Insiders own 5.02% of the company’s stock.

eBay Profile

eBay Inc operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.

Further Reading: What is a portfolio manager?

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.