eBay Inc. (NASDAQ:EBAY) Stake Lessened by APG Asset Management N.V.

APG Asset Management N.V. lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 83.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 669,369 shares of the e-commerce company’s stock after selling 3,271,600 shares during the period. APG Asset Management N.V. owned about 0.06% of eBay worth $25,744,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in eBay in the second quarter valued at $108,000. BB&T Investment Services Inc. bought a new position in eBay during the second quarter valued at approximately $119,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of eBay in the second quarter worth approximately $123,000. FNY Partners Fund LP lifted its position in eBay by 660.0% during the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the period. Finally, Westside Investment Management Inc. lifted its position in eBay by 1.7% during the second 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. Institutional investors own 86.64% of the company’s stock.

A number of brokerages recently issued reports on EBAY. BidaskClub downgraded eBay from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Mizuho reaffirmed an “underperform” rating and issued a $34.00 price objective on shares of eBay in a research report on Monday, August 7th. SunTrust Banks, Inc. began coverage on eBay in a research report on Tuesday, August 15th. They set a “hold” rating and a $38.00 price target on the stock. KeyCorp restated a “hold” rating on shares of eBay in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of eBay in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.45.

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In other eBay news, SVP Marie Oh Huber sold 72,417 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the completion of the transaction, the senior vice president now owns 101,589 shares of the company’s stock, valued at approximately $3,812,635.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the transaction, the vice president now directly owns 23,392 shares in the company, valued at $836,264. The disclosure for this sale can be found here. Insiders have sold a total of 171,182 shares of company stock valued at $6,423,142 over the last 90 days. 6.78% of the stock is currently owned by company insiders.

Shares of eBay Inc. (NASDAQ EBAY) traded down $0.12 during mid-day trading on Tuesday, reaching $35.85. 7,269,000 shares of the company’s stock were exchanged, compared to its average volume of 8,871,020. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $39.28. The firm has a market capitalization of $37,573.22, a PE ratio of 22.48, a P/E/G ratio of 2.76 and a beta of 1.36.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. research analysts expect that eBay Inc. will post 1.65 EPS for the current fiscal year.

eBay declared that its board has authorized a stock buyback plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

eBay Profile

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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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