Boston Partners Has $911.96 Million Stake in eBay Inc. (EBAY)
Boston Partners lowered its stake in eBay Inc. (NASDAQ:EBAY) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,115,769 shares of the e-commerce company’s stock after selling 3,459,084 shares during the period. eBay comprises approximately 1.2% of Boston Partners’ investment portfolio, making the stock its 11th largest position. Boston Partners’ holdings in eBay were worth $911,962,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Westside Investment Management Inc. increased its stake 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 valued at $121,000 after buying an additional 2,638 shares in the last quarter. FNY Partners Fund LP increased 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 worth $127,000 after buying an additional 3,300 shares during the period. Parallel Advisors LLC increased 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 worth $140,000 after buying an additional 858 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased 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 worth $149,000 after buying an additional 2,230 shares during the period. Finally, First Personal Financial Services increased 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 worth $164,000 after buying an additional 4,197 shares during the period. Institutional investors own 86.48% of the company’s stock.
eBay Inc. (NASDAQ:EBAY) opened at 36.08 on Thursday. The firm has a 50-day moving average price of $35.77 and a 200 day moving average price of $34.16. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $37.48. The firm has a market cap of $38.62 billion, a PE ratio of 5.41 and a beta of 1.36. eBay also was the target of unusually large options trading on Monday. Traders bought 4,033 call options on the company. This represents an increase of approximately 484% compared to the typical volume of 690 call options.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the company posted $0.43 earnings per share. eBay’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that eBay Inc. will post $2.00 EPS for the current year.
eBay announced that its Board of Directors has initiated a share repurchase 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 buy up to 7.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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EBAY has been the subject of a number of research analyst reports. Argus boosted their price target on eBay from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, April 12th. Maxim Group reiterated a “buy” rating and issued a $36.00 price target on shares of eBay in a report on Wednesday, April 12th. Aegis reiterated a “buy” rating and issued a $40.00 price target (up from $38.00) on shares of eBay in a report on Thursday, April 13th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of eBay in a report on Thursday, April 20th. Finally, Hilliard Lyons reiterated a “buy” rating and issued a $38.50 price target (up from $36.00) on shares of eBay in a report on Thursday, April 20th. Three 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 stock. eBay has a consensus rating of “Hold” and a consensus price target of $36.97.
In other news, SVP Stephen Fisher sold 11,956 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $36.24, for a total transaction of $433,285.44. Following the completion of the sale, the senior vice president now owns 89,740 shares in the company, valued at $3,252,177.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brian J. Doerger sold 2,903 shares of the business’s 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 of the company’s stock, valued at approximately $1,047,211.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,206 shares of company stock valued at $2,659,043. Corporate 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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