Segall Bryant & Hamill LLC acquired a new position in eBay Inc (NASDAQ:EBAY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,255 shares of the e-commerce company’s stock, valued at approximately $737,000.
Other institutional investors have also modified their holdings of the company. Clean Yield Group acquired a new position in eBay during the fourth quarter worth $28,000. Lindbrook Capital LLC acquired a new position in eBay during the fourth quarter worth $35,000. Berman Capital Advisors LLC acquired a new position in eBay during the fourth quarter worth $41,000. Financial Gravity Companies Inc. acquired a new stake in shares of eBay in the fourth quarter valued at $42,000. Finally, JOYN Advisors Inc. raised its stake in shares of eBay by 64.0% in the fourth quarter. JOYN Advisors Inc. now owns 2,320 shares of the e-commerce company’s stock valued at $65,000 after acquiring an additional 905 shares in the last quarter. Institutional investors own 86.40% of the company’s stock.
Shares of NASDAQ EBAY traded up $0.01 during midday trading on Friday, reaching $35.98. 12,334,982 shares of the company were exchanged, compared to its average volume of 9,187,989. 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 1 year low of $26.01 and a 1 year high of $43.00. The firm has a market cap of $31.56 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.76 and a beta of 1.35.
EBAY has been the topic of several analyst reports. Imperial Capital reduced their price objective on eBay from $64.00 to $56.00 in a research note on Thursday, January 31st. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a research note on Wednesday, January 30th. Citigroup reduced their price objective on eBay from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, January 30th. Benchmark reiterated a “buy” rating and issued a $42.00 price objective (up from $41.00) on shares of eBay in a research note on Wednesday, January 30th. Finally, Aegis reiterated a “buy” rating and issued a $40.00 price objective (down from $44.00) on shares of eBay in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have issued a buy rating to the company. eBay has an average rating of “Hold” and a consensus target price of $39.13.
In related news, VP Brian J. Doerger sold 10,185 shares of the firm’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 in the company, valued at $1,356,359.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.22% of the stock is owned by company insiders.
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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