Capital Investment Services of America Inc. decreased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 275,351 shares of the e-commerce company’s stock after selling 2,835 shares during the period. Capital Investment Services of America Inc.’s holdings in eBay were worth $9,615,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of EBAY. BlackRock Inc. increased its stake in shares of eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock worth $2,095,089,000 after buying an additional 59,937,723 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock worth $1,249,180,000 after buying an additional 23,404,909 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock worth $501,155,000 after buying an additional 4,749,434 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of eBay during the first quarter worth approximately $96,616,000. Finally, Steadfast Capital Management LP increased its stake in shares of eBay by 42.8% in the first quarter. Steadfast Capital Management LP now owns 9,042,180 shares of the e-commerce company’s stock worth $303,546,000 after buying an additional 2,708,246 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

eBay Inc. (NASDAQ:EBAY) opened at 37.08 on Monday. The stock’s 50 day moving average price is $34.72 and its 200 day moving average price is $32.99. The stock has a market capitalization of $40.13 billion, a price-to-earnings ratio of 5.34 and a beta of 1.36. eBay Inc. has a 52-week low of $25.95 and a 52-week high of $37.20.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. eBay had a net margin of 86.31% and a return on equity of 20.44%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the company earned $0.47 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that eBay Inc. will post $2.01 EPS for the current year.

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A number of analysts have recently commented on EBAY shares. Credit Suisse Group upgraded eBay from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $34.00 to $44.00 in a research note on Monday, June 5th. Robert W. Baird restated an “outperform” rating on shares of eBay in a research note on Monday, July 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $34.00 target price on shares of eBay in a research note on Thursday, April 13th. BidaskClub upgraded eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Citigroup Inc. restated a “buy” rating and issued a $41.00 target price (up previously from $36.00) on shares of eBay in a research note on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.09.

In other eBay news, VP Brian J. Doerger sold 12,904 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $33.57, for a total value of $433,187.28. Following the completion of the transaction, the vice president now directly owns 33,604 shares of the company’s stock, valued at approximately $1,128,086.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Brian J. Doerger sold 2,903 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $34.11, for a total transaction of $99,021.33. Following the completion of the transaction, the vice president now directly owns 30,701 shares of the company’s stock, valued at $1,047,211.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,712 shares of company stock valued at $2,877,612. 6.78% of the stock is currently owned by corporate insiders.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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