eBay Inc. (EBAY) Stake Decreased by Raymond James Trust N.A.
Raymond James Trust N.A. lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,090 shares of the e-commerce company’s stock after selling 3,071 shares during the quarter. Raymond James Trust N.A.’s holdings in eBay were worth $876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. UBS Asset Management Americas Inc. raised its stake in shares of eBay by 27.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock worth $128,003,000 after purchasing an additional 829,988 shares during the last quarter. Synovus Financial Corp raised its stake in shares of eBay by 164.4% in the second quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock worth $2,091,000 after purchasing an additional 37,237 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in shares of eBay by 7.7% in the second quarter. ZWJ Investment Counsel Inc. now owns 12,066 shares of the e-commerce company’s stock worth $421,000 after purchasing an additional 858 shares during the last quarter. Menta Capital LLC purchased a new position in shares of eBay in the first quarter worth $363,000. Finally, Dupont Capital Management Corp purchased a new position in shares of eBay in the second quarter worth $167,000. Hedge funds and other institutional investors own 84.91% of the company’s stock.
In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total value of $937,750.00. Following the sale, the director now owns 262,119 shares of the company’s stock, valued at $9,832,083.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Stephen Fisher sold 11,956 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were 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 in the company, valued at approximately $3,252,177.60. The disclosure for this sale can be found here. In the last three months, insiders sold 95,238 shares of company stock worth $3,439,297. 6.78% of the stock is owned by corporate insiders.
EBAY has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) set a $42.00 price target on eBay and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Aegis boosted their price target on eBay from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Vetr upgraded eBay from a “hold” rating to a “buy” rating and set a $37.30 price target for the company in a research note on Monday, June 12th. Citigroup Inc. restated a “buy” rating and issued a $41.00 price target (up previously from $36.00) on shares of eBay in a research note on Thursday, June 8th. Finally, Credit Suisse Group upgraded eBay to a “buy” rating and set a $44.00 price target for the company in a research note on Monday, June 12th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eighteen have issued a buy rating to the company. eBay has an average rating of “Hold” and a consensus price target of $37.24.
Shares of eBay Inc. (NASDAQ EBAY) opened at 38.27 on Thursday. The stock has a 50 day moving average price of $35.86 and a 200 day moving average price of $34.69. eBay Inc. has a one year low of $27.28 and a one year high of $38.50. The stock has a market capitalization of $40.96 billion, a P/E ratio of 5.74 and a beta of 1.34. eBay also was the recipient of some unusual options trading on Wednesday. Stock traders bought 2,194 put options on the company. This represents an increase of 231% compared to the typical daily volume of 663 put options.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts forecast that eBay Inc. will post $2.00 earnings per share for the current year.
eBay announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 20th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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