eBay Inc. (EBAY) Shares Sold by Northern Trust Corp
Northern Trust Corp trimmed its position in eBay Inc. (NASDAQ:EBAY) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,956,967 shares of the e-commerce company’s stock after selling 351,701 shares during the quarter. Northern Trust Corp owned approximately 1.12% of eBay worth $417,538,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Captrust Financial Advisors acquired a new position in eBay during the 2nd quarter valued at approximately $108,000. Westside Investment Management Inc. boosted its position in eBay by 284.0% during the 1st quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after purchasing an additional 2,638 shares during the period. FNY Partners Fund LP boosted its position in eBay by 660.0% during the 1st quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 3,300 shares during the period. Parallel Advisors LLC boosted its position in eBay by 25.5% during the 1st quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock valued at $140,000 after purchasing an additional 858 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in eBay by 100.5% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after purchasing an additional 2,230 shares during the period. Institutional investors and hedge funds own 84.83% of the company’s stock.
eBay Inc. (NASDAQ EBAY) traded down 0.03% during mid-day trading on Thursday, hitting $38.53. The company had a trading volume of 877,899 shares. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $38.87. The company’s 50 day moving average price is $36.16 and its 200-day moving average price is $34.85. The firm has a market capitalization of $41.24 billion, a PE ratio of 5.78 and a beta of 1.34. eBay also saw unusually large options trading activity on Monday. Stock investors purchased 4,033 call options on the stock. This represents an increase of approximately 484% compared to the average daily volume of 690 call options.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $0.43 EPS. eBay’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts forecast that eBay Inc. will post $2.00 EPS for the current fiscal year.
eBay declared that its board has approved a stock buyback program on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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A number of research analysts recently issued reports on EBAY shares. Credit Suisse Group upgraded eBay to a “buy” rating and set a $44.00 price objective for the company in a research report on Monday, June 12th. Goldman Sachs Group, Inc. (The) set a $42.00 price target on eBay and gave the stock a “buy” rating in a research report 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 report 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 report on Monday, June 12th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $41.00 price target (up previously from $36.00) on shares of eBay in a research report on Thursday, June 8th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eighteen have assigned a buy rating to the stock. eBay currently has an average rating of “Hold” and an average target price of $37.30.
In related 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 value of $467,090.00. Following the completion of the transaction, the senior vice president now directly owns 45,488 shares of the company’s stock, valued at approximately $1,634,383.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Brian J. Doerger sold 10,450 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the transaction, the vice president now directly owns 24,001 shares of the company’s stock, valued at $877,476.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,238 shares of company stock valued at $3,439,297. 6.78% of the stock is currently 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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