Cabot Wealth Management Inc. cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 174,516 shares of the e-commerce company’s stock after selling 807 shares during the period. eBay makes up about 1.4% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 24th largest position. Cabot Wealth Management Inc.’s holdings in eBay were worth $6,094,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. boosted its stake in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the last quarter. FNY Partners Fund LP boosted its stake in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock valued at $140,000 after buying an additional 858 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of 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 valued at $149,000 after buying an additional 2,230 shares during the last quarter. Finally, First Personal Financial Services boosted its stake in shares of eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock valued at $164,000 after buying an additional 4,197 shares during the last quarter. Institutional investors own 86.48% of the company’s stock.

eBay Inc. (EBAY) opened at 36.36 on Wednesday. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $37.48. The stock has a market cap of $38.92 billion, a P/E ratio of 5.45 and a beta of 1.36. The company’s 50-day moving average price is $35.51 and its 200-day moving average price is $33.97. eBay also was the target of unusually large options trading on Monday. Investors acquired 4,033 call options on the company. This represents an increase of 484% compared to the typical daily volume of 690 call options.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Analysts predict that eBay Inc. will post $2.00 EPS for the current year.

eBay announced that its Board of Directors has authorized a share repurchase program on Thursday, July 20th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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Several analysts have issued reports on EBAY shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $39.00 target price (up from $38.00) on shares of eBay in a report on Thursday, April 20th. Maxim Group restated a “buy” rating and issued a $36.00 target price on shares of eBay in a report on Wednesday, April 12th. Argus upped their target price on eBay from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, April 12th. Aegis restated a “buy” rating and issued a $40.00 target price (up from $38.00) on shares of eBay in a report on Thursday, April 13th. Finally, Hilliard Lyons restated a “buy” rating and issued a $38.50 target price (up from $36.00) on shares of eBay in a report on Thursday, April 20th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the company’s stock. eBay presently has an average rating of “Hold” and an average target price of $36.97.

In other news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $10,029,670. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 2,903 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $34.11, for a total value of $99,021.33. Following the sale, the vice president now owns 30,701 shares in the company, valued at $1,047,211.11. The disclosure for this sale can be found here. Insiders have sold a total of 75,206 shares of company stock worth $2,659,043 over the last quarter. 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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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