O Shaughnessy Asset Management LLC Raises Holdings in eBay Inc (EBAY)

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O Shaughnessy Asset Management LLC grew its position in eBay Inc (NASDAQ:EBAY) by 250.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 265,017 shares of the e-commerce company’s stock after purchasing an additional 189,366 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in eBay were worth $8,723,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EBAY. Bank of New York Mellon Corp lifted its holdings in shares of eBay by 49.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,182,128 shares of the e-commerce company’s stock worth $441,723,000 after buying an additional 4,036,288 shares during the period. Unigestion Holding SA purchased a new stake in shares of eBay in the 2nd quarter worth $96,013,000. Lindsell Train Ltd lifted its holdings in shares of eBay by 27.4% in the 3rd quarter. Lindsell Train Ltd now owns 7,844,900 shares of the e-commerce company’s stock worth $259,039,000 after buying an additional 1,687,500 shares during the period. First Trust Advisors LP lifted its holdings in shares of eBay by 15.1% in the 3rd quarter. First Trust Advisors LP now owns 9,476,950 shares of the e-commerce company’s stock worth $312,929,000 after buying an additional 1,245,198 shares during the period. Finally, First Manhattan Co. lifted its holdings in shares of eBay by 120.1% in the 2nd quarter. First Manhattan Co. now owns 2,258,336 shares of the e-commerce company’s stock worth $81,887,000 after buying an additional 1,232,099 shares during the period. Institutional investors and hedge funds own 85.05% of the company’s stock.

In related news, SVP Jae Hyun Lee sold 26,204 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total transaction of $919,236.32. Following the transaction, the senior vice president now directly owns 128,457 shares of the company’s stock, valued at approximately $4,506,271.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.78% of the company’s stock.

Several equities research analysts have weighed in on EBAY shares. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a report on Wednesday, September 12th. BidaskClub cut eBay from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 25th. Wedbush reiterated a “neutral” rating and issued a $36.00 target price on shares of eBay in a report on Thursday, September 13th. Robert W. Baird reiterated a “buy” rating and issued a $44.00 target price on shares of eBay in a report on Monday, September 3rd. Finally, FIX cut eBay from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $44.00 to $33.00 in a report on Monday, October 22nd. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. eBay presently has an average rating of “Hold” and a consensus target price of $40.97.

EBAY opened at $29.63 on Friday. eBay Inc has a 12 month low of $26.36 and a 12 month high of $46.99. The firm has a market capitalization of $28.75 billion, a PE ratio of 18.18, a P/E/G ratio of 1.69 and a beta of 1.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.74 and a quick ratio of 1.74.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the company posted $0.48 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts expect that eBay Inc will post 1.84 earnings per share for the current year.

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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.

Read More: What Is An Exchange-Traded Fund (ETF)?

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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