Flossbach Von Storch AG Maintains Stake in eBay Inc. (EBAY)
Flossbach Von Storch AG held its position in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,000 shares of the e-commerce company’s stock at the end of the second quarter. Flossbach Von Storch AG’s holdings in eBay were worth $281,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. AMP Capital Investors Ltd boosted its position in shares of 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 in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of eBay by 3.4% in the second quarter. Cullen Frost Bankers Inc. now owns 795,774 shares of the e-commerce company’s stock worth $18,629,000 after buying an additional 25,907 shares in the last quarter. Davis R M Inc. boosted its position in shares of 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 in the last quarter. CIBC World Markets Inc. boosted its position in shares of 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 in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of eBay during the first quarter worth $2,887,000. 82.00% of the stock is currently owned by hedge funds and other institutional investors.
eBay Inc. (NASDAQ:EBAY) traded down 1.26% during mid-day trading on Wednesday, reaching $32.15. The company had a trading volume of 8,807,270 shares. The company’s 50-day moving average is $31.77 and its 200-day moving average is $27.06. eBay Inc. has a one year low of $21.52 and a one year high of $33.19. The stock has a market capitalization of $36.30 billion, a PE ratio of 19.76 and a beta of 1.17.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. eBay had a net margin of 22.00% and a return on equity of 29.12%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. Equities research analysts anticipate that eBay Inc. will post $1.89 earnings per share for the current year.
A number of equities research analysts have commented on EBAY shares. SunTrust Banks Inc. restated a “neutral” rating and set a $26.00 price objective on shares of eBay in a research report on Monday, July 18th. Monness Crespi & Hardt raised their price objective on eBay from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 price objective on eBay and gave the stock a “buy” rating in a research report on Thursday, September 8th. Deutsche Bank AG raised their price objective on eBay from $28.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, July 21st. Finally, Evercore ISI started coverage on eBay in a research report on Monday, July 25th. They set a “hold” rating and a $26.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. eBay presently has a consensus rating of “Hold” and a consensus target price of $33.03.
In other news, Director Robert Holmes Swan sold 50,000 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $30.65, for a total value of $1,532,500.00. Following the sale, the director now owns 425,288 shares in the company, valued at $13,035,077.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Raymond J. Pittman sold 39,030 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total transaction of $1,254,424.20. Following the completion of the sale, 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 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.
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).
Receive News & Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related companies with MarketBeat.com's FREE daily email newsletter.