Renaissance Technologies LLC lessened its holdings in eBay Inc (NASDAQ:EBAY) by 79.1% in the second quarter, HoldingsChannel.com reports. The fund owned 1,165,440 shares of the e-commerce company’s stock after selling 4,415,200 shares during the period. Renaissance Technologies LLC’s holdings in eBay were worth $42,259,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of eBay by 506.3% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,910 shares of the e-commerce company’s stock valued at $117,000 after acquiring an additional 2,430 shares during the period. Archford Capital Strategies LLC bought a new stake in shares of eBay in the first quarter valued at about $116,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of eBay by 223.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,128 shares of the e-commerce company’s stock valued at $150,000 after acquiring an additional 2,850 shares during the period. Signaturefd LLC bought a new stake in shares of eBay in the first quarter valued at about $192,000. Finally, Point72 Asia Hong Kong Ltd raised its stake in eBay by 2,745.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 5,121 shares of the e-commerce company’s stock valued at $206,000 after purchasing an additional 4,941 shares in the last quarter. 84.81% of the stock is owned by institutional investors.
In other eBay news, SVP Kristin A. Yetto sold 23,648 shares of the business’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $33.54, for a total transaction of $793,153.92. Following the completion of the transaction, the senior vice president now owns 109,116 shares of the company’s stock, valued at $3,659,750.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Wendy Elizabeth Jones sold 10,516 shares of the business’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $33.68, for a total value of $354,178.88. Following the transaction, the senior vice president now directly owns 21,620 shares of the company’s stock, valued at approximately $728,161.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,158 shares of company stock valued at $4,718,578. Insiders own 6.78% of the company’s stock.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.66 billion. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. sell-side analysts predict that eBay Inc will post 1.83 earnings per share for the current year.
EBAY has been the subject of a number of analyst reports. Macquarie set a $44.00 price target on eBay and gave the company a “neutral” rating in a research note on Tuesday, May 22nd. BidaskClub raised eBay from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. SunTrust Banks downgraded eBay from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research note on Tuesday, July 10th. Bank of America dropped their price target on eBay from $49.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, July 13th. Finally, Credit Suisse Group dropped their price target on eBay from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday, July 16th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $45.90.
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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