Patton Albertson Miller Group LLC lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 12.1% during the second quarter, Holdings Channel reports. The fund owned 35,544 shares of the e-commerce company’s stock after selling 4,909 shares during the period. Patton Albertson Miller Group LLC’s holdings in eBay were worth $1,275,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock worth $2,095,089,000 after buying an additional 59,937,723 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock worth $1,249,180,000 after buying an additional 23,404,909 shares during the last quarter. Boston Partners increased its stake in shares of eBay by 1.9% in the first quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company’s stock worth $992,828,000 after buying an additional 544,112 shares during the last quarter. Independent Franchise Partners LLP increased its stake in shares of eBay by 17.6% in the second quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock worth $674,744,000 after buying an additional 2,898,085 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock worth $501,155,000 after buying an additional 4,749,434 shares during the last quarter. 86.48% of the stock is owned by institutional investors.

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

eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Analysts forecast that eBay Inc. will post $2.01 EPS for the current fiscal year.

eBay declared that its Board of Directors has approved a share buyback 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 repurchase up to 7.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

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A number of analysts have issued reports on EBAY shares. Credit Suisse Group raised eBay from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $34.00 to $44.00 in a research report on Monday, June 5th. Robert W. Baird reissued an “outperform” rating on shares of eBay in a research report on Monday, July 3rd. UBS AG set a $40.00 target price on eBay and gave the stock a “buy” rating in a research report on Friday, July 21st. Royal Bank Of Canada reissued a “hold” rating and issued a $34.00 target price on shares of eBay in a research report on Thursday, April 13th. Finally, BidaskClub raised eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the company. eBay presently 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 firm’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 transaction of $467,090.00. Following the transaction, the senior vice president now directly owns 45,488 shares of the company’s stock, valued at $1,634,383.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kathleen C. Mitic sold 11,897 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $33.84, for a total transaction of $402,594.48. Following the transaction, the director now directly owns 20,162 shares in the company, valued at $682,282.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,303 shares of company stock worth $2,560,022. 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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