AE Wealth Management LLC Boosts Stock Holdings in eBay Inc. $EBAY

AE Wealth Management LLC raised its stake in eBay Inc. (NASDAQ:EBAY) by 9.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,434 shares of the e-commerce company’s stock after acquiring an additional 8,468 shares during the period. AE Wealth Management LLC’s holdings in eBay were worth $9,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Financial Consulate Inc. purchased a new position in eBay during the 3rd quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in eBay in the third quarter worth about $28,000. Princeton Global Asset Management LLC boosted its holdings in shares of eBay by 433.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 269 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of eBay in the third quarter valued at $32,000. Finally, GFG Capital LLC purchased a new stake in eBay in the 2nd quarter worth about $28,000. Institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 4,462 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the transaction, the senior vice president owned 91,921 shares of the company’s stock, valued at $7,715,848.74. This represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $82.67, for a total transaction of $71,509.55. Following the completion of the transaction, the senior vice president directly owned 4,733 shares in the company, valued at $391,277.11. The trade was a 15.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,675 shares of company stock valued at $4,388,825 in the last three months. 0.64% of the stock is currently owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ EBAY opened at $91.22 on Friday. eBay Inc. has a one year low of $58.71 and a one year high of $101.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day moving average of $87.54 and a 200 day moving average of $88.92. The firm has a market cap of $41.23 billion, a PE ratio of 19.83, a PEG ratio of 2.20 and a beta of 1.35.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a return on equity of 41.94% and a net margin of 20.37%.eBay’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. As a group, research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Benchmark lifted their target price on eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Rothschild & Co Redburn cut their price target on eBay from $95.00 to $90.00 in a report on Friday, November 7th. Daiwa Capital Markets reduced their price objective on shares of eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Citigroup reiterated a “market outperform” rating on shares of eBay in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group dropped their target price on shares of eBay from $78.00 to $77.00 and set a “sell” rating on the stock in a research report on Wednesday, January 14th. Fourteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $95.66.

About eBay

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.