Mraz Amerine & Associates Inc. held its stake in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,255 shares of the e-commerce company’s stock at the end of the second quarter. Mraz Amerine & Associates Inc.’s holdings in eBay were worth $217,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. increased its stake in eBay by 23.5% in the second quarter. Candriam Luxembourg S.C.A. now owns 83,666 shares of the e-commerce company’s stock valued at $1,959,000 after buying an additional 15,939 shares during the period. Cullen Frost Bankers Inc. increased its stake in eBay by 3.4% in the second quarter. Cullen Frost Bankers Inc. now owns 795,774 shares of the e-commerce company’s stock valued at $18,629,000 after buying an additional 25,907 shares during the period. Conning Inc. increased its stake in eBay by 0.7% in the second quarter. Conning Inc. now owns 32,886 shares of the e-commerce company’s stock valued at $770,000 after buying an additional 230 shares during the period. Stoneridge Investment Partners LLC bought a new stake in eBay during the second quarter valued at $3,906,000. Finally, Round Table Services LLC increased its stake in eBay by 11.8% in the second quarter. Round Table Services LLC now owns 18,933 shares of the e-commerce company’s stock valued at $443,000 after buying an additional 2,002 shares during the period. 82.00% of the stock is owned by hedge funds and other institutional investors.
Shares of eBay Inc. (NASDAQ:EBAY) traded down 0.28% during mid-day trading on Wednesday, hitting $31.85. 6,116,114 shares of the stock were exchanged. The stock’s 50 day moving average is $31.60 and its 200-day moving average is $26.79. The stock has a market cap of $35.96 billion, a PE ratio of 19.58 and a beta of 1.13. eBay Inc. has a 12 month low of $21.52 and a 12 month high of $32.81.
eBay (NASDAQ:EBAY) last announced its 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 net margin of 22.00% and a return on equity of 29.12%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. On average, analysts anticipate that eBay Inc. will post $1.89 EPS for the current year.
Several equities research analysts have weighed in on the stock. Deutsche Bank AG raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $34.00 price target on shares of eBay in a research note on Tuesday. Axiom Securities lifted their price target on shares of eBay from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, September 13th. Robert W. Baird reiterated an “outperform” rating and set a $35.00 price objective on shares of eBay in a report on Saturday, September 10th. Finally, Goldman Sachs Group Inc. set a $34.00 price objective on shares of eBay and gave the company a “buy” rating in a report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.77.
In other news, VP Brian J. Doerger sold 23,958 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $30.56, for a total transaction of $732,156.48. Following the transaction, the vice president now owns 48,605 shares in the company, valued at $1,485,368.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Raymond J. Pittman sold 39,030 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $32.14, for a total transaction of $1,254,424.20. Following the transaction, the senior vice president now owns 32,738 shares in the company, valued at approximately $1,052,199.32. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.
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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