Capital Asset Advisory Services LLC Sells 666 Shares of eBay Inc. (NASDAQ:EBAY)
Capital Asset Advisory Services LLC reduced its stake in eBay Inc. (NASDAQ:EBAY) by 4.9% during the second quarter, Holdings Channel reports. The fund owned 12,899 shares of the e-commerce company’s stock after selling 666 shares during the period. Capital Asset Advisory Services LLC’s holdings in eBay were worth $445,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in EBAY. Dodge & Cox bought a new stake in shares of eBay during the fourth quarter valued at about $12,668,000. River & Mercantile Asset Management LLP acquired a new stake in eBay during the fourth quarter worth $2,738,000. USA Financial Portformulas Corp acquired a new stake in eBay during the fourth quarter worth $5,303,000. Kentucky Retirement Systems acquired a new stake in eBay during the fourth quarter worth $2,240,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in eBay during the fourth quarter worth $999,000. Institutional investors and hedge funds own 85.02% of the company’s stock.
eBay Inc. (NASDAQ EBAY) opened at 37.05 on Tuesday. eBay Inc. has a 52-week low of $25.95 and a 52-week high of $37.20. The firm’s 50-day moving average price is $34.72 and its 200-day moving average price is $32.99. The firm has a market cap of $40.10 billion, a P/E ratio of 5.34 and a beta of 1.36.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. eBay had a return on equity of 20.44% and a net margin of 86.31%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts expect that eBay Inc. will post $2.01 EPS for the current year.
A number of equities research analysts have weighed in on the stock. TheStreet downgraded shares of eBay from a “b-” rating to a “c+” rating in a research note on Friday. Aegis reiterated a “buy” rating and set a $42.00 price target on shares of eBay in a research note on Monday. BidaskClub upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Robert W. Baird reiterated an “outperform” rating and set a $38.00 price target on shares of eBay in a research note on Thursday, July 13th. Finally, Maxim Group lifted their price target on shares of eBay from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $36.09.
In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the sale, the director now owns 286,562 shares of the company’s stock, valued at $10,029,670. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian J. Doerger sold 2,903 shares of eBay stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $34.11, for a total value of $99,021.33. Following the transaction, the vice president now directly owns 30,701 shares in the company, valued at approximately $1,047,211.11. The disclosure for this sale can be found here. Insiders sold 85,712 shares of company stock valued at $2,877,612 in the last three months. Insiders own 6.78% of the company’s stock.
eBay Company Profile
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.
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.