eBay Inc. (NASDAQ:EBAY) Stake Cut by Regentatlantic Capital LLC
Regentatlantic Capital LLC cut its stake in eBay Inc. (NASDAQ:EBAY) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,392 shares of the e-commerce company’s stock after selling 574 shares during the period. Regentatlantic Capital LLC’s holdings in eBay were worth $2,772,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in EBAY. Greenleaf Trust boosted its stake in eBay by 68.3% in the second quarter. Greenleaf Trust now owns 12,075 shares of the e-commerce company’s stock valued at $422,000 after buying an additional 4,902 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in eBay during the second quarter valued at approximately $2,735,000. Osborne Partners Capital Management LLC boosted its stake in eBay by 1.1% in the second quarter. Osborne Partners Capital Management LLC now owns 201,291 shares of the e-commerce company’s stock valued at $7,029,000 after buying an additional 2,288 shares during the last quarter. Hermes Investment Management Ltd. purchased a new stake in eBay during the second quarter valued at approximately $293,000. Finally, Round Table Services LLC boosted its stake in eBay by 8.0% in the second quarter. Round Table Services LLC now owns 8,323 shares of the e-commerce company’s stock valued at $291,000 after buying an additional 616 shares during the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.
eBay Inc. (NASDAQ EBAY) opened at 37.04 on Thursday. The firm has a 50-day moving average of $35.43 and a 200-day moving average of $33.79. The firm has a market cap of $39.64 billion, a price-to-earnings ratio of 5.56 and a beta of 1.36. eBay Inc. has a one year low of $27.28 and a one year high of $37.48. eBay also was the target of unusually large options trading activity on Monday. Traders purchased 4,033 call options on the stock. This is an increase of 484% compared to the average daily volume of 690 call options.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. eBay’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. Analysts anticipate that eBay Inc. will post $2.01 EPS for the current year.
eBay announced that its board has initiated a stock buyback program on Thursday, July 20th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
TRADEMARK VIOLATION NOTICE: “eBay Inc. (NASDAQ:EBAY) Stake Cut by Regentatlantic Capital LLC” was first posted by Daily Political and is owned by of Daily Political. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/07/27/ebay-inc-nasdaqebay-stake-cut-by-regentatlantic-capital-llc.html.
Several analysts have commented on the stock. Canaccord Genuity lifted their target price on shares of eBay from $32.00 to $34.00 and gave the stock a “hold” rating in a research note on Monday. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $41.00 target price (up from $40.00) on shares of eBay in a research note on Sunday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $36.00 target price on shares of eBay in a research note on Saturday, July 22nd. Morgan Stanley reaffirmed an “underweight” rating and issued a $28.00 target price on shares of eBay in a research note on Saturday, July 22nd. Finally, Bank of America Corporation lifted their target price on shares of eBay from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $36.91.
In related news, VP Brian J. Doerger sold 2,903 shares of the company’s stock in a transaction on 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 sale, the vice president now directly owns 30,701 shares of the company’s stock, valued at approximately $1,047,211.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $35.00, for a total transaction of $875,000.00. Following the sale, the director now directly owns 286,562 shares of the company’s stock, valued at $10,029,670. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,660 shares of company stock valued at $2,243,089. 6.78% of the stock is owned by insiders.
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.
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.