eBay Inc. (EBAY) Stake Increased by Ngam Advisors L.P.
Ngam Advisors L.P. raised its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,304 shares of the e-commerce company’s stock after buying an additional 9,774 shares during the period. Ngam Advisors L.P.’s holdings in eBay were worth $7,972,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. BlueMountain Capital Management LLC raised its position in eBay by 65.9% in the first quarter. BlueMountain Capital Management LLC now owns 20,939 shares of the e-commerce company’s stock valued at $500,000 after buying an additional 8,319 shares during the last quarter. Fulton Bank N.A. acquired a new position in eBay during the second quarter valued at $211,000. Baxter Bros Inc. acquired a new position in eBay during the second quarter valued at $216,000. Raymond James Trust N.A. raised its position in eBay by 9.6% in the second quarter. Raymond James Trust N.A. now owns 25,369 shares of the e-commerce company’s stock valued at $594,000 after buying an additional 2,223 shares during the last quarter. Finally, Washington Trust Bank raised its position in 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 last quarter. Institutional investors and hedge funds own 83.29% of the company’s stock.
Shares of eBay Inc. (NASDAQ:EBAY) traded down 2.07% during trading on Wednesday, reaching $27.92. 6,562,400 shares of the company traded hands. The stock has a market capitalization of $31.21 billion, a PE ratio of 17.93 and a beta of 1.33. eBay Inc. has a 12 month low of $21.51 and a 12 month high of $33.19. The company has a 50-day moving average of $29.32 and a 200-day moving average of $28.49.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.19 billion. eBay had a net margin of 20.29% and a return on equity of 28.67%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. Analysts forecast that eBay Inc. will post $1.88 earnings per share for the current fiscal year.
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A number of brokerages have commented on EBAY. Mizuho boosted their price objective on shares of eBay from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, October 20th. Vetr upgraded shares of eBay from a “buy” rating to a “strong-buy” rating and set a $32.06 price objective on the stock in a report on Monday. Goldman Sachs Group Inc. set a $34.00 price objective on shares of eBay and gave the stock a “buy” rating in a report on Tuesday, August 16th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $25.00 price objective on shares of eBay in a report on Saturday, October 15th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of eBay in a report on Saturday, October 22nd. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. eBay has a consensus rating of “Hold” and a consensus target price of $34.59.
In related news, SVP Stephen Fisher sold 39,764 shares of the company’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $29.20, for a total value of $1,161,108.80. Following the transaction, the senior vice president now directly owns 120,563 shares in the company, valued at $3,520,439.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Logan Green purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was acquired at an average price of $28.32 per share, for a total transaction of $28,320.00. Following the completion of the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $28,320. The disclosure for this purchase 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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