Joel Isaacson & Co. LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, Holdings Channel reports. The fund purchased 8,840 shares of the e-commerce company’s stock, valued at approximately $309,000.

A number of other large investors have also bought and sold shares of the stock. Westside Investment Management Inc. boosted 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 worth $121,000 after buying an additional 2,638 shares in the last quarter. FNY Partners Fund LP boosted its stake 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 in the last quarter. Parallel Advisors LLC boosted its stake 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 in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake 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 in the last quarter. Finally, First Personal Financial Services boosted its stake 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 in the last quarter. 86.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Inc. (EBAY) opened at 36.08 on Thursday. The firm has a market cap of $38.62 billion, a P/E ratio of 5.41 and a beta of 1.36. The firm has a 50 day moving average of $35.77 and a 200-day moving average of $34.16. eBay Inc. has a 12 month low of $27.28 and a 12 month high of $37.48. eBay also was the target of some unusual options trading activity on Monday. Stock investors 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 announced its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that eBay Inc. will post $2.00 earnings per share for the current year.

eBay announced that its board has initiated a share repurchase plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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EBAY has been the topic of a number of recent analyst reports. Argus raised 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 restated a “buy” rating and set a $36.00 price objective on shares of eBay in a research report on Wednesday, April 12th. Aegis restated a “buy” rating and set a $40.00 price objective (up previously from $38.00) on shares of eBay in a research report on Thursday, April 13th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $39.00 price objective (up previously from $38.00) on shares of eBay in a research report on Thursday, April 20th. Finally, Hilliard Lyons restated a “buy” rating and set a $38.50 price objective (up previously from $36.00) on shares of eBay in a research report on Thursday, April 20th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have given a buy rating to the company’s stock. eBay currently has a consensus rating of “Hold” and a consensus target price of $36.97.

In other news, SVP Harry A. Lawton III sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $35.93, for a total value of $467,090.00. Following the completion of the transaction, the senior vice president now owns 45,488 shares of the company’s stock, valued at $1,634,383.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the director now directly owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. 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. 6.78% of the stock is currently owned by company 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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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