Profund Advisors LLC Acquires 19,927 Shares of eBay Inc. (EBAY)
Profund Advisors LLC lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 11.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,776 shares of the e-commerce company’s stock after acquiring an additional 19,927 shares during the period. Profund Advisors LLC’s holdings in eBay were worth $6,976,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of EBAY. Captrust Financial Advisors bought a new stake in shares of eBay during the second quarter worth about $108,000. Westside Investment Management Inc. grew its position in eBay by 284.0% in the 1st quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after purchasing an additional 2,638 shares in the last quarter. FNY Partners Fund LP grew its position in eBay by 660.0% in the 1st quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after purchasing an additional 3,300 shares in the last quarter. Parallel Advisors LLC grew its position in eBay by 25.5% in the 1st quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after purchasing an additional 858 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in eBay by 100.5% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after purchasing an additional 2,230 shares in the last quarter. 84.91% of the stock is owned by institutional investors.
A number of research analysts have weighed in on EBAY shares. BidaskClub cut shares of eBay from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Mizuho reiterated an “underperform” rating and issued a $34.00 target price on shares of eBay in a research note on Monday, August 7th. SunTrust Banks, Inc. started coverage on shares of eBay in a research note on Tuesday, August 15th. They issued a “hold” rating and a $38.00 target price on the stock. BMO Capital Markets reiterated a “hold” rating on shares of eBay in a research note on Wednesday. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of eBay in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eighteen have given a buy rating to the company’s stock. eBay currently has a consensus rating of “Hold” and a consensus target price of $37.24.
eBay Inc. (NASDAQ:EBAY) traded up 0.23% during mid-day trading on Friday, reaching $38.40. 11,121,940 shares of the company’s stock were exchanged. The firm has a market capitalization of $41.10 billion, a P/E ratio of 5.76 and a beta of 1.34. The company’s 50-day moving average is $36.01 and its 200 day moving average is $34.77. eBay Inc. has a one year low of $27.28 and a one year high of $38.87. eBay also was the recipient of some unusual options trading activity on Wednesday. Investors bought 2,194 put options on the stock. This is an increase of 231% compared to the average daily volume of 663 put 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. The firm had revenue of $2.33 billion during 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%. eBay’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. Equities analysts predict that eBay Inc. will post $2.00 earnings per share for the current fiscal year.
eBay declared that its Board of Directors has authorized a stock buyback program on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
In related news, SVP Stephen Fisher sold 11,956 shares of the 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 transaction, the senior vice president now owns 89,740 shares in the company, valued at approximately $3,252,177.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the completion of the transaction, the director now owns 262,119 shares in the company, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. Insiders sold a total of 95,238 shares of company stock valued at $3,439,297 over the last ninety days. 6.78% of the stock is currently owned by insiders.
WARNING: “Profund Advisors LLC Acquires 19,927 Shares of eBay Inc. (EBAY)” was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.dailypolitical.com/2017/09/16/profund-advisors-llc-acquires-19927-shares-of-ebay-inc-ebay.html.
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.
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).
Receive News & Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related companies with MarketBeat.com's FREE daily email newsletter.