Vanguard Group Inc. Has $2.38 Billion Position in eBay Inc. (EBAY)
Vanguard Group Inc. boosted its position in eBay Inc. (NASDAQ:EBAY) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,101,836 shares of the e-commerce company’s stock after buying an additional 1,121,890 shares during the period. Vanguard Group Inc. owned approximately 6.36% of eBay worth $2,378,116,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of EBAY. Waldron LP purchased a new position in eBay in the 1st quarter valued at $210,000. UBS Asset Management Americas Inc. grew its position in eBay by 27.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock valued at $128,003,000 after buying an additional 829,988 shares during the last quarter. First Personal Financial Services grew its position in eBay by 611.8% in the 1st quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock valued at $164,000 after buying an additional 4,197 shares during the last quarter. Commerce Bank grew its position in eBay by 32.1% in the 1st quarter. Commerce Bank now owns 11,008 shares of the e-commerce company’s stock valued at $370,000 after buying an additional 2,676 shares during the last quarter. Finally, Peddock Capital Advisors LLC grew its position in eBay by 4.7% in the 1st quarter. Peddock Capital Advisors LLC now owns 21,537 shares of the e-commerce company’s stock valued at $723,000 after buying an additional 967 shares during the last quarter. Hedge funds and other institutional investors own 84.83% of the company’s stock.
A number of equities analysts recently weighed in on EBAY shares. Goldman Sachs Group, Inc. (The) set a $42.00 price objective on shares of eBay and gave the company a “buy” rating in a research report on Wednesday, June 28th. Aegis lifted their price objective on shares of eBay from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, June 27th. Citigroup Inc. reiterated a “buy” rating and issued a $41.00 price objective (up from $36.00) on shares of eBay in a research report on Thursday, June 8th. Credit Suisse Group upgraded shares of eBay from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $44.00 in a research report on Monday, June 5th. Finally, Morgan Stanley set a $29.00 price objective on shares of eBay and gave the company a “sell” 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 eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.30.
Shares of eBay Inc. (EBAY) traded up 0.10% during mid-day trading on Thursday, hitting $38.58. The stock had a trading volume of 1,088,899 shares. The firm has a market cap of $41.29 billion, a price-to-earnings ratio of 5.79 and a beta of 1.34. eBay Inc. has a one year low of $27.28 and a one year high of $38.87. The company has a 50-day moving average of $36.16 and a 200 day moving average of $34.85. eBay also saw unusually large options trading on Monday. Traders acquired 4,033 call options on the company. This is an increase of 484% compared to the typical volume of 690 call options.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the business earned $0.43 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts forecast that eBay Inc. will post $2.00 earnings per share for the current year.
eBay announced that its board has authorized a share buyback program on Thursday, July 20th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, SVP Stephen Fisher sold 11,956 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $36.24, for a total transaction of $433,285.44. Following the completion of the sale, the senior vice president now directly owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $35.00, for a total value of $1,219,120.00. Following the sale, the senior vice president now directly owns 83,058 shares of the company’s stock, valued at $2,907,030. The disclosure for this sale can be found here. Insiders have sold a total of 95,238 shares of company stock valued at $3,439,297 over the last ninety days. Company insiders own 6.78% of the company’s stock.
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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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