Asset Management One Co. Ltd. boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,851,159 shares of the e-commerce company’s stock after purchasing an additional 141,793 shares during the period. Asset Management One Co. Ltd. owned about 0.18% of eBay worth $70,989,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EBAY. Captrust Financial Advisors bought a new stake in eBay during the second quarter worth approximately $108,000. BB&T Investment Services Inc. bought a new stake in eBay during the second quarter worth approximately $119,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in eBay during the second quarter worth approximately $123,000. Westside Investment Management Inc. increased its stake 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 worth $127,000 after acquiring an additional 60 shares during the last quarter. Finally, Grove Bank & Trust increased 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 acquiring an additional 3,050 shares during the last quarter. Institutional investors own 85.93% of the company’s stock.
In other news, VP Brian J. Doerger sold 4,359 shares of eBay stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $35.75, for a total transaction of $155,834.25. Following the sale, the vice president now owns 23,392 shares of the company’s stock, valued at approximately $836,264. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Stephen Fisher sold 69,406 shares of eBay stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 144,047 shares in the company, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. Insiders sold a total of 184,242 shares of company stock worth $6,842,297 over the last three months. Corporate insiders own 6.78% of the company’s stock.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the company posted $0.45 EPS. eBay’s quarterly revenue was up 8.7% compared to the same quarter last year. equities analysts anticipate that eBay Inc. will post 1.65 EPS for the current fiscal year.
A number of research firms have recently commented on EBAY. BMO Capital Markets raised eBay from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Monday, December 4th. SunTrust Banks reaffirmed a “hold” rating and set a $38.00 target price on shares of eBay in a research note on Friday, November 17th. Piper Jaffray Companies set a $34.00 price objective on eBay and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Guggenheim began coverage on eBay in a research note on Friday, October 20th. They issued a “neutral” rating on the stock. Finally, BidaskClub raised eBay from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have issued a buy rating to the stock. eBay has an average rating of “Hold” and a consensus price target of $38.54.
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eBay Company 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.
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