Montag & Caldwell LLC Purchases Shares of 1,741,190 eBay Inc. (EBAY)
Montag & Caldwell LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,741,190 shares of the e-commerce company’s stock, valued at approximately $66,966,000. eBay accounts for approximately 2.1% of Montag & Caldwell LLC’s holdings, making the stock its 28th largest position. Montag & Caldwell LLC owned 0.16% of eBay as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont grew its stake in shares of eBay by 0.3% in the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after buying an additional 40 shares during the period. Westside Investment Management Inc. grew its stake in shares of eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 60 shares during the period. Usca Ria LLC boosted its position in shares of eBay by 1.3% during the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock worth $277,000 after purchasing an additional 100 shares during the period. CENTRAL TRUST Co boosted its position in shares of eBay by 1.2% during the 2nd quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock worth $337,000 after purchasing an additional 110 shares during the period. Finally, Boston Private Wealth LLC boosted its position in shares of eBay by 0.7% during the 2nd quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock worth $575,000 after purchasing an additional 111 shares during the period. 87.29% of the stock is owned by institutional investors and hedge funds.
In other eBay news, SVP Stephen Fisher sold 69,406 shares of eBay stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the completion of the transaction, the senior vice president now owns 144,047 shares in the company, valued at $5,420,488.61. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marie Oh Huber sold 72,417 shares of eBay stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the transaction, the senior vice president now owns 101,589 shares of the company’s stock, valued at approximately $3,812,635.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,655 shares of company stock worth $7,486,428. 6.78% of the stock is owned by insiders.
eBay Inc. (EBAY) traded down $0.01 during mid-day trading on Monday, reaching $37.50. 803,581 shares of the company were exchanged, compared to its average volume of 10,088,058. The stock has a market cap of $39,171.41, a PE ratio of 23.44, a P/E/G ratio of 2.87 and a beta of 1.36. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. analysts predict that eBay Inc. will post 1.65 EPS for the current year.
eBay declared that its Board of Directors has initiated a share repurchase program on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
EBAY has been the subject of a number of research analyst reports. Credit Suisse Group set a $44.00 price objective on shares of eBay and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Maxim Group increased their price objective on shares of eBay from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Robert W. Baird reaffirmed an “outperform” rating and set a $38.00 price objective on shares of eBay in a research report on Thursday, July 13th. BidaskClub raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Aegis reaffirmed a “buy” rating and set a $42.00 price objective on shares of eBay in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $38.45.
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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