eBay Inc. (EBAY) Stake Held by Timber Creek Capital Management LLC
Timber Creek Capital Management LLC held its position in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,755 shares of the e-commerce company’s stock at the close of the second quarter. eBay comprises about 1.8% of Timber Creek Capital Management LLC’s holdings, making the stock its 28th largest holding. Timber Creek Capital Management LLC’s holdings in eBay were worth $2,442,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors acquired a new position in eBay during the second quarter worth about $108,000. Westside Investment Management Inc. boosted its position in eBay by 284.0% during the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after acquiring an additional 2,638 shares during the last quarter. FNY Partners Fund LP boosted its position in eBay by 660.0% during the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after acquiring an additional 3,300 shares during the last quarter. Parallel Advisors LLC boosted its position in eBay by 25.5% during the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after acquiring an additional 858 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in eBay by 100.5% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after acquiring an additional 2,230 shares during the last quarter. Hedge funds and other institutional investors own 84.83% of the company’s stock.
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eBay (NASDAQ:EBAY) last released its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company earned $0.43 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year.
eBay declared that its board has approved a share repurchase 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 reacquire up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
In other eBay news, VP Brian J. Doerger sold 10,450 shares of eBay stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the transaction, the vice president now owns 24,001 shares of the company’s stock, valued at $877,476.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction 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 directly 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 ninety days, insiders sold 95,238 shares of company stock valued at $3,439,297. 6.78% of the stock is currently owned by corporate insiders.
EBAY has been the topic of a number of recent research reports. Credit Suisse Group upgraded shares of eBay from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $44.00 in a research report on Monday, June 5th. Robert W. Baird restated an “outperform” rating on shares of eBay in a research report on Monday, July 3rd. UBS AG set a $40.00 price target on shares of eBay and gave the stock a “buy” rating in a research report on Friday, July 21st. BidaskClub upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, TheStreet lowered shares of eBay from a “b-” rating to a “c+” rating in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.44.
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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