On September 19, 2023, it was reported that Atlantic Union Bankshares Corp had significantly increased its stake in eBay Inc. According to their most recent filing with the SEC, Atlantic Union Bankshares Corp now owns 22,806 shares of eBay’s stock, representing a 326.4% increase from the previous quarter. This additional acquisition of 17,457 shares brings their total holdings in eBay to a value of $1,019,000.
eBay is an e-commerce company that operates as a global online marketplace connecting buyers and sellers. Its platform allows individuals and businesses to buy and sell a wide range of goods and services. The company continues to be an attractive investment option for many due to its strong financial performance.
In its most recent earnings report released on July 26th, eBay exceeded expectations with earnings per share (EPS) of $1.03 for the quarter. This surpassed the consensus estimate of $0.99 by $0.04. The company also demonstrated a net margin of 13.49% and a return on equity of 34.71%. Furthermore, eBay generated revenue of $2.54 billion for the quarter, slightly beating the consensus estimate of $2.51 billion.
Compared to the same period last year, eBay’s revenue has grown by 4.9%. The company’s ability to maintain steady growth amidst a competitive market demonstrates its resilience and ability to adapt to changing consumer demands.
Market analysts are optimistic about eBay’s future prospects and expect it to continue delivering solid financial performance throughout the current year. With an anticipated earnings per share (EPS) of 3.27 for this fiscal year, investors may find confidence in eBay as a potential long-term investment option.
Atlantic Union Bankshares Corp’s decision to increase its stake in eBay reflects their confidence in the company’s ability to generate returns for shareholders. As an established player in the e-commerce industry, eBay remains a dominant force and continues to attract investment interest.
In conclusion, Atlantic Union Bankshares Corp’s recent increase in stake in eBay highlights the company’s strong financial position and its ability to deliver positive earnings. With consistent revenue growth and a solid track record, eBay has become an appealing option for investors seeking potential opportunities in the e-commerce sector. As always, it is recommended that investors conduct thorough research and analysis before making any investment decisions.
Oracle Corporation
ORCL
Neutral
Updated on: 19/09/2023
Financial Health
Weak
Debt to equity ratio: Strong Sell
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Sell
DCF: Strong Buy
ROE: Strong Sell
eBay Stock Ownership by Hedge Funds and Analyst Recommendations – September 2023
September 19, 2023 – In recent news, several hedge funds have made modifications to their holdings of eBay stock, causing a stir in the investment community. Securian Asset Management Inc., for example, has increased its stake in the e-commerce company by a mere 0.5% during the first quarter of this year. The firm now owns approximately 44,831 shares of eBay stock, amounting to roughly $1,989,000. This increase was due to the acquisition of an additional 231 shares during the last quarter.
Another hedge fund, Massmutual Trust Co. FSB ADV, saw a more significant boost in their holdings as they increased their position in eBay by 50.9% during the first quarter. They currently own 691 shares of eBay stock valued at $31,000 after acquiring an additional 233 shares during that period.
Resonant Capital Advisors LLC also increased their position in eBay by a small margin of 0.4% during the first quarter. They now own approximately 55,392 shares worth $2,458,000 after acquiring an additional 247 shares.
Similar to Resonant Capital Advisors LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in eBay by 0.3%, resulting in ownership of about 91,994 shares worth $4,082,000 after obtaining an additional 266 shares.
Lastly, Boyar Asset Management Inc., another institutional investor and hedge fund player in this situation saw an increase of merely 0.8% in eBay holdings during the first quarter. Consequently, they now own roughly 35,156 shares worth $1,560,000 after purchasing an extra 293 shares.
It’s important to note that these institutional investors and hedge funds combined hold a significant proportion i.e., about 85.87% of total eBay stock.
A number of equities analysts have also made remarks regarding eBay shares. JPMorgan Chase & Co., for instance, recently downgraded the price target on eBay from $49.00 to $48.00 in a research report issued on July 27th. Another firm, Wolfe Research, reduced their price target from $52.00 to $51.00 in a research report released on July 10th. Bank of America followed suit and lowered their own price target from $54.00 to $52.00 in a separate research report on July 27th.
On a more positive note, StockNews.com began coverage of eBay with a “buy” rating on August 17th, while Barclays decreased their target price on eBay from $59.00 to $55.00 but maintained an “overweight” rating.
According to Bloomberg, the consensus among analysts is currently a “Hold” rating, with a consensus price target of approximately $49.29.
In other news related to eBay, Senior Vice President Edward O. Garcia sold 1,181 shares of the company’s stock in two separate transactions that occurred on August 17th, both at an average price of around $43.31 per share.
Following these sales, Garcia now directly owns about 21,728 shares in eBay valued at approximately $941,039.68.
These transactions were disclosed in filings with the Securities and Exchange Commission (SEC), which can be accessed through the SEC website.
It is also worth noting that Garcia made another sale prior to these transactions, where he sold 5,679 shares at an average price of $43.36 per share on August 11th.
After this sale was completed, Garcia owned around 17,988 shares worth approximately $779,959.68.
Corporate insiders currently own about 0.21% of eBay stock.
NASDAQ:EBAY opened at a value of $43.91 on Tuesday and has a 50-day simple moving average of $44.82, and a 200-day simple moving average of $44.35.
With a current ratio and quick ratio both set at 2.45, eBay Inc. shows stability and liquidity within its operations.
The company has a debt-to-equity ratio of 1.47, reflecting its utilization of borrowed funds to finance its activities.
eBay’s one-year low stands at $35.92, while its one-year high reached $52.23.
As of now, eBay Inc. holds a market cap of approximately $23.37 billion and has a price-earnings ratio (P/E) of 17.78.
Furthermore, the company possesses an attractive price-earnings-to-growth (P/E/G) ratio of 1.51, suggesting potential for growth compared to its valuation.
The beta of eBay stands at 1.35, indicating that the stock is more volatile than the overall stock market.
In conclusion, eBay has witnessed several changes in institutional investors’ holdings as well as analyst recommendations in recent months. The actions taken by prominent hedge funds demonstrate their confidence in the company’s future prospects, although analysts’ opinions remain mixed regarding the stock’s performance potential going forward. With ongoing insider selling
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