Louisiana State Employees Retirement System cut its position in eBay Inc. (NASDAQ:EBAY) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,400 shares of the e-commerce company’s stock after selling 3,100 shares during the period. Louisiana State Employees Retirement System’s holdings in eBay were worth $1,625,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AMP Capital Investors Ltd raised its position in eBay by 18.6% in the first quarter. AMP Capital Investors Ltd now owns 1,632,449 shares of the e-commerce company’s stock worth $39,243,000 after buying an additional 255,722 shares during the period. Davis R M Inc. raised its position in eBay by 36.4% in the second quarter. Davis R M Inc. now owns 12,000 shares of the e-commerce company’s stock worth $281,000 after buying an additional 3,200 shares during the period. CIBC World Markets Inc. raised its position in eBay by 26.2% in the first quarter. CIBC World Markets Inc. now owns 38,521 shares of the e-commerce company’s stock worth $919,000 after buying an additional 7,993 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in eBay during the first quarter worth $2,887,000. Finally, Creative Planning raised its position in eBay by 19.2% in the second quarter. Creative Planning now owns 22,906 shares of the e-commerce company’s stock worth $536,000 after buying an additional 3,683 shares during the period. 82.00% of the stock is currently owned by institutional investors and hedge funds.
eBay Inc. (NASDAQ:EBAY) traded down 0.65% on Friday, reaching $32.07. 5,515,430 shares of the company traded hands. The company has a market capitalization of $36.21 billion, a P/E ratio of 19.71 and a beta of 1.13. The company has a 50-day moving average price of $31.55 and a 200-day moving average price of $26.60. eBay Inc. has a 12 month low of $21.52 and a 12 month high of $32.81.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. eBay had a net margin of 22.00% and a return on equity of 29.12%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that eBay Inc. will post $1.89 EPS for the current year.
EBAY has been the topic of a number of research reports. Cantor Fitzgerald reissued a “hold” rating on shares of eBay in a research note on Sunday, August 14th. Hilliard Lyons started coverage on shares of eBay in a research report on Tuesday, August 30th. They set a “long-term buy” rating and a $35.00 price target on the stock. Goldman Sachs Group Inc. set a $34.00 price target on shares of eBay and gave the company a “buy” rating in a research report on Thursday, September 8th. Citigroup Inc. reaffirmed a “buy” rating and set a $33.00 price target on shares of eBay in a research report on Tuesday, June 7th. Finally, JPMorgan Chase & Co. set a $26.00 price target on shares of eBay and gave the company a “neutral” rating in a research report on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.56.
In other eBay news, Director Robert Holmes Swan sold 50,000 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $30.65, for a total transaction of $1,532,500.00. Following the completion of the transaction, the director now directly owns 425,288 shares of the company’s stock, valued at approximately $13,035,077.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brian J. Doerger sold 23,958 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $30.56, for a total transaction of $732,156.48. Following the transaction, the vice president now directly owns 48,605 shares of the company’s stock, valued at $1,485,368.80. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
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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