Signition LP bought a new position in shares of eBay Inc (NASDAQ:EBAY) in the 4th quarter, HoldingsChannel.com reports. The fund bought 86,340 shares of the e-commerce company’s stock, valued at approximately $3,258,000. eBay makes up 4.2% of Signition LP’s portfolio, making the stock its 4th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC purchased a new position in eBay during the third quarter worth about $122,000. Steward Partners Investment Advisory LLC purchased a new position in eBay during the third quarter worth about $139,000. Grove Bank & Trust boosted its stake in eBay by 455.2% during the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock worth $143,000 after buying an additional 3,050 shares during the period. SeaCrest Wealth Management LLC purchased a new position in eBay during the fourth quarter worth about $190,000. Finally, Gofen & Glossberg LLC IL purchased a new position in eBay during the third quarter worth about $204,000. 88.28% of the stock is owned by institutional investors.

Several research analysts have weighed in on the stock. Goldman Sachs Group set a $49.00 target price on shares of eBay and gave the stock a “buy” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. set a $45.00 target price on shares of eBay and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Macquarie set a $46.00 target price on shares of eBay and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Barclays set a $49.00 target price on shares of eBay and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Robert W. Baird set a $52.00 target price on shares of eBay and gave the stock a “buy” rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $42.87.

In other news, insider Devin Wenig sold 134,207 shares of eBay stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $42.69, for a total value of $5,729,296.83. Following the transaction, the insider now directly owns 642,077 shares of the company’s stock, valued at approximately $27,410,267.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 6,660 shares of eBay stock in a transaction on Monday, November 27th. The shares were sold at an average price of $35.99, for a total transaction of $239,693.40. Following the completion of the transaction, the vice president now directly owns 16,732 shares in the company, valued at $602,184.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 199,752 shares of company stock worth $8,288,316. 6.78% of the stock is owned by corporate insiders.

Shares of eBay Inc (NASDAQ EBAY) opened at $42.15 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15. eBay Inc has a 1-year low of $31.89 and a 1-year high of $46.99. The firm has a market cap of $42,660.00, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 2.41 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. sell-side analysts expect that eBay Inc will post 1.84 EPS for the current year.

eBay declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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