Candriam Luxembourg S.C.A. boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,015 shares of the e-commerce company’s stock after buying an additional 599 shares during the period. Candriam Luxembourg S.C.A.’s holdings in eBay were worth $3,877,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Westside Investment Management Inc. raised its position in eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares during the period. FNY Partners Fund LP raised its position in eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares during the period. Parallel Advisors LLC raised its position in eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after buying an additional 858 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares during the period. Finally, First Personal Financial Services raised its position in eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock worth $164,000 after buying an additional 4,197 shares during the period. Hedge funds and other institutional investors own 86.48% of the company’s stock.

Shares of eBay Inc. (NASDAQ EBAY) opened at 36.11 on Tuesday. The stock has a market cap of $38.65 billion, a PE ratio of 5.42 and a beta of 1.36. The company has a 50-day moving average of $35.51 and a 200 day moving average of $33.97. eBay Inc. has a one year low of $27.28 and a one year high of $37.48. eBay also saw unusually large options trading activity on Monday. Stock traders acquired 4,033 call options on the stock. This is an increase of approximately 484% compared to the average volume of 690 call options.

eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $2.33 billion for 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 revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, analysts predict that eBay Inc. will post $2.00 earnings per share for the current year.

eBay announced that its board has approved a stock repurchase plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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A number of research firms have recently commented on EBAY. BidaskClub lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Mizuho began coverage on shares of eBay in a research report on Monday. They issued an “underperform” rating for the company. Stifel Nicolaus set a $36.00 target price on shares of eBay and gave the stock a “neutral” rating in a research report on Friday, July 21st. J P Morgan Chase & Co set a $38.00 target price on shares of eBay and gave the stock a “neutral” rating in a research report on Friday, July 21st. Finally, UBS AG set a $40.00 target price on shares of eBay and gave the stock a “buy” rating in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the stock. eBay has an average rating of “Hold” and a consensus target price of $36.91.

In other eBay news, Director Kathleen C. Mitic sold 11,897 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $33.84, for a total transaction of $402,594.48. Following the sale, the director now owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Harry A. Lawton III sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $35.93, for a total transaction of $467,090.00. Following the sale, the senior vice president now directly owns 45,488 shares in the company, valued at approximately $1,634,383.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,206 shares of company stock worth $2,659,043. 6.78% of the stock is owned by 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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