Citizens Financial Group Inc RI Has $407,000 Holdings in eBay Inc. (EBAY)
Citizens Financial Group Inc RI reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 19.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,642 shares of the e-commerce company’s stock after selling 2,733 shares during the quarter. Citizens Financial Group Inc RI’s holdings in eBay were worth $407,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its position in eBay by 2,424.9% during the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock worth $2,095,089,000 after acquiring an additional 59,937,723 shares in the last quarter. Wellington Management Group LLP raised its position in eBay by 169.5% during 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 acquiring an additional 23,404,909 shares in the last quarter. Independent Franchise Partners LLP raised its position in eBay by 17.6% during 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 acquiring an additional 2,898,085 shares in the last quarter. Nordea Investment Management AB raised its position in eBay by 46.7% during 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 acquiring an additional 4,749,434 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in eBay by 4.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 13,700,034 shares of the e-commerce company’s stock worth $459,911,000 after acquiring an additional 604,985 shares in the last quarter. 84.91% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Harry A. Lawton III sold 34,832 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the completion of the transaction, the senior vice president now owns 83,058 shares in the company, valued at $2,907,030. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $37.51, for a total value of $937,750.00. Following the transaction, the director now owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,238 shares of company stock valued at $3,439,297. Insiders own 6.78% of the company’s stock.
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eBay Inc. (EBAY) traded up 0.58% on Wednesday, reaching $38.40. 983,743 shares of the company’s stock traded hands. eBay Inc. has a 12 month low of $27.28 and a 12 month high of $38.47. The firm has a market cap of $41.10 billion, a PE ratio of 5.76 and a beta of 1.34. The firm’s 50-day moving average is $35.80 and its 200 day moving average is $34.66.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Equities analysts predict that eBay Inc. will post $2.00 EPS for the current year.
eBay declared that its Board of Directors has approved a share repurchase plan on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several brokerages have recently weighed in on EBAY. BidaskClub lowered shares of eBay from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Mizuho reissued an “underperform” rating and issued a $34.00 price objective on shares of eBay in a research report on Monday, August 7th. SunTrust Banks, Inc. began coverage on shares of eBay in a research report on Tuesday, August 15th. They issued a “hold” rating and a $38.00 price objective on the stock. Royal Bank Of Canada reissued a “hold” rating on shares of eBay in a research report on Friday, August 18th. Finally, Stifel Nicolaus set a $36.00 price objective on shares of eBay and gave the company a “neutral” rating in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.05.
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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