United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $12.23 Million Stake in eBay Inc (EBAY)
United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund trimmed its stake in shares of eBay Inc (NASDAQ:EBAY) by 30.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 435,849 shares of the e-commerce company’s stock after selling 190,060 shares during the period. eBay comprises about 1.7% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 25th biggest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in eBay were worth $12,234,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Clean Yield Group acquired a new position in eBay during the fourth quarter valued at $28,000. Financial Gravity Companies Inc. acquired a new position in eBay during the fourth quarter valued at $42,000. Benjamin F. Edwards & Company Inc. raised its position in eBay by 22.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,349 shares of the e-commerce company’s stock valued at $66,000 after buying an additional 427 shares during the period. Quantamental Technologies LLC acquired a new position in eBay during the fourth quarter valued at $125,000. Finally, Capital Investment Advisory Services LLC acquired a new position in eBay during the fourth quarter valued at $125,000. 87.84% of the stock is owned by institutional investors and hedge funds.
EBAY stock traded up $0.54 during mid-day trading on Monday, hitting $35.80. The stock had a trading volume of 185,047 shares, compared to its average volume of 16,805,688. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.60 and a quick ratio of 1.60. eBay Inc has a 1-year low of $26.01 and a 1-year high of $44.36. The firm has a market cap of $32.42 billion, a P/E ratio of 15.43, a PEG ratio of 1.66 and a beta of 1.36.
The business also recently disclosed a Not Available dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, February 28th.
EBAY has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $50.00 price target on shares of eBay in a research report on Tuesday, October 16th. Robert W. Baird reissued a “buy” rating and set a $41.00 price target on shares of eBay in a research report on Wednesday, October 17th. Stifel Nicolaus lowered eBay from a “buy” rating to a “hold” rating and dropped their price target for the company from $43.00 to $35.00 in a research report on Friday, October 19th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $41.00 price target on shares of eBay in a research report on Friday, October 19th. Finally, SunTrust Banks reissued a “hold” rating and set a $38.00 price target on shares of eBay in a research report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $39.13.
In other news, Director Pierre M. Omidyar sold 36,000 shares of the stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $28.82, for a total transaction of $1,037,520.00. Following the transaction, the director now owns 45,364,858 shares of the company’s stock, valued at approximately $1,307,415,207.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 10,185 shares of the 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 transaction, the vice president now directly owns 39,544 shares in the company, valued at approximately $1,356,359.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,646 shares of company stock worth $2,992,510. 6.22% of the stock is currently owned by insiders.
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eBay Company Profile
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform 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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