Jackson Park Capital LLC Sells 32,000 Shares of eBay Inc. (EBAY)
Jackson Park Capital LLC cut its position in eBay Inc. (NASDAQ:EBAY) by 20.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 123,000 shares of the e-commerce company’s stock after selling 32,000 shares during the period. eBay accounts for approximately 3.9% of Jackson Park Capital LLC’s portfolio, making the stock its 9th largest position. Jackson Park Capital LLC’s holdings in eBay were worth $2,879,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in EBAY. Wellington Management Group LLP raised its stake in shares of eBay by 344.6% in the first quarter. Wellington Management Group LLP now owns 11,298,332 shares of the e-commerce company’s stock worth $269,578,000 after buying an additional 8,756,950 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of eBay by 78.9% in the first quarter. Lazard Asset Management LLC now owns 16,144,360 shares of the e-commerce company’s stock worth $385,203,000 after buying an additional 7,117,937 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of eBay during the second quarter worth about $54,715,000. Nordea Investment Management AB raised its stake in shares of eBay by 11.3% in the second quarter. Nordea Investment Management AB now owns 17,452,193 shares of the e-commerce company’s stock worth $408,556,000 after buying an additional 1,773,314 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in shares of eBay by 7.7% in the first quarter. Fiduciary Management Inc. WI now owns 19,016,842 shares of the e-commerce company’s stock worth $453,742,000 after buying an additional 1,367,451 shares during the last quarter. 82.00% of the stock is currently owned by institutional investors.
eBay Inc. (NASDAQ:EBAY) traded down 1.77% on Friday, hitting $31.56. 7,910,123 shares of the company were exchanged. The firm has a 50 day moving average of $31.85 and a 200-day moving average of $27.14. The stock has a market cap of $35.63 billion, a PE ratio of 19.40 and a beta of 1.17. eBay Inc. has a 52-week low of $21.52 and a 52-week high of $33.19.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, topping the 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 company earned $2.23 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. eBay’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts expect that eBay Inc. will post $1.89 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on EBAY shares. Stifel Nicolaus reiterated a “hold” rating on shares of eBay in a research note on Thursday, June 9th. Benchmark Co. restated a “buy” rating and set a $29.00 price objective on shares of eBay in a research report on Tuesday, June 21st. Maxim Group assumed coverage on eBay in a research report on Wednesday, June 22nd. They set a “buy” rating and a $36.00 price objective for the company. Brean Capital assumed coverage on eBay in a research report on Wednesday, June 22nd. They set a “buy” rating for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of eBay in a research report on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.03.
In other eBay news, Director Robert Holmes Swan sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 425,288 shares in the company, valued at $13,035,077.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brian J. Doerger sold 23,958 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 48,605 shares of the company’s stock, valued at $1,485,368.80. The disclosure for this sale can be found here. Company 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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