Advisory Services Network LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,883 shares of the e-commerce company’s stock after buying an additional 150 shares during the period. Advisory Services Network LLC’s holdings in eBay were worth $114,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Washington Trust Bank boosted its stake in shares of eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock valued at $101,000 after buying an additional 216 shares during the period. Parametric Risk Advisors LLC bought a new stake in eBay during the first quarter valued at $143,000. Fulton Bank N.A. bought a new stake in eBay during the second quarter valued at $211,000. Checchi Capital Advisers LLC raised its stake in eBay by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 9,036 shares of the e-commerce company’s stock valued at $212,000 after buying an additional 182 shares during the last quarter. Finally, Baxter Bros Inc. bought a new stake in eBay during the second quarter valued at $216,000. 82.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of eBay Inc. (NASDAQ:EBAY) traded up 0.143% during trading on Wednesday, hitting $31.505. The stock had a trading volume of 4,703,956 shares. The firm’s 50-day moving average is $31.95 and its 200-day moving average is $27.32. eBay Inc. has a one year low of $21.52 and a one year high of $33.19. The firm has a market cap of $35.57 billion, a P/E ratio of 19.364 and a beta of 1.17.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The business earned $2.23 billion during the quarter, compared to the consensus estimate of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. Equities research analysts forecast that eBay Inc. will post $1.89 EPS for the current year.
Several analysts recently weighed in on the company. Deutsche Bank AG restated a “hold” rating on shares of eBay in a report on Sunday, July 10th. Cantor Fitzgerald restated a “hold” rating on shares of eBay in a report on Saturday, July 9th. Pacific Crest lowered eBay to a “sell” rating in a report on Saturday, October 1st. Sanford C. Bernstein set a $41.00 price target on eBay and gave the company a “buy” rating in a report on Wednesday. Finally, Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the company a “buy” rating in a report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. eBay currently has an average rating of “Hold” and an average target price of $33.45.
In other eBay news, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $31.95, for a total value of $1,597,500.00. Following the completion of the transaction, the director now directly owns 375,928 shares in the company, valued at $12,010,899.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Raymond J. Pittman sold 39,030 shares of eBay stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $32.14, for a total value of $1,254,424.20. Following the completion of the transaction, the senior vice president now owns 32,738 shares of the company’s stock, valued at $1,052,199.32. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.
eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
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