Stratos Wealth Partners LTD. purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,244 shares of the e-commerce company’s stock, valued at approximately $253,000.

A number of other hedge funds also recently made changes to their positions in the stock. Capital One National Association raised its position in eBay by 0.5% in the first quarter. Capital One National Association now owns 7,255 shares of the e-commerce company’s stock worth $244,000 after buying an additional 39 shares in the last quarter. Trust Co. of Vermont raised its position in eBay by 0.3% in the second quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock worth $483,000 after buying an additional 40 shares in the last quarter. Welch & Forbes LLC raised its position in eBay by 0.6% in the first quarter. Welch & Forbes LLC now owns 7,708 shares of the e-commerce company’s stock worth $259,000 after buying an additional 45 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its position in eBay by 0.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,473 shares of the e-commerce company’s stock worth $519,000 after buying an additional 50 shares in the last quarter. Finally, Alpha Windward LLC raised its position in eBay by 1.1% in the first quarter. Alpha Windward LLC now owns 5,531 shares of the e-commerce company’s stock worth $186,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 86.48% of the company’s stock.

eBay Inc. (NASDAQ:EBAY) opened at 34.99 on Friday. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $37.48. The company’s 50 day moving average price is $35.77 and its 200-day moving average price is $34.17. The company has a market capitalization of $37.45 billion, a P/E ratio of 5.25 and a beta of 1.36.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 return on equity of 17.50% and a net margin of 80.93%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. Equities analysts forecast that eBay Inc. will post $2.00 earnings per share for the current fiscal year.

eBay announced that its Board of Directors has approved a share repurchase plan on Thursday, July 20th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the e-commerce company to repurchase 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 stock is undervalued.

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A number of equities analysts have commented on the company. BidaskClub lowered eBay from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Mizuho reissued an “underperform” rating and issued a $34.00 price objective on shares of eBay in a research note on Monday. Stifel Nicolaus set a $36.00 price objective on eBay and gave the stock a “neutral” rating in a research note on Friday, July 21st. Canaccord Genuity boosted their price objective on eBay from $32.00 to $34.00 and gave the stock a “hold” rating in a research note on Monday, July 24th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of eBay in a research note on Monday, June 26th. 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 company. The stock has an average rating of “Hold” and an average target price of $36.97.

In related news, SVP Stephen Fisher sold 11,956 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $36.24, for a total value of $433,285.44. Following the completion of the sale, the senior vice president now directly owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of 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. Insiders sold a total of 72,303 shares of company stock worth $2,560,022 over the last three months. 6.78% of the stock is 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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