Roberts Glore & Co. Inc. IL Has $380,000 Position in eBay Inc. (EBAY)
Roberts Glore & Co. Inc. IL held its stake in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,875 shares of the e-commerce company’s stock at the close of the 2nd quarter. Roberts Glore & Co. Inc. IL’s holdings in eBay were worth $380,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors bought a new stake in shares of eBay during the second quarter worth $108,000. Westside Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 2,638 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of eBay during the second quarter worth $123,000. FNY Partners Fund LP grew its holdings in shares of 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 purchasing an additional 3,300 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of 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 purchasing an additional 858 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.
Shares of eBay Inc. (EBAY) traded up 0.502% on Monday, hitting $39.005. The stock had a trading volume of 1,864,009 shares. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $39.27. The company has a market capitalization of $41.75 billion, a price-to-earnings ratio of 5.851 and a beta of 1.36. The company has a 50-day moving average of $37.21 and a 200 day moving average of $35.30.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. eBay’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. On average, equities research analysts predict that eBay Inc. will post $2.00 EPS for the current year.
eBay declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 20th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
Several analysts have recently commented on EBAY shares. Benchmark Co. increased their target price on eBay from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Susquehanna Bancshares Inc restated a “positive” rating and set a $41.00 target price (up previously from $40.00) on shares of eBay in a report on Sunday, July 23rd. Morgan Stanley restated an “underweight” rating and set a $28.00 target price on shares of eBay in a report on Saturday, July 22nd. Robert W. Baird restated an “outperform” rating and set a $38.00 target price on shares of eBay in a report on Thursday, July 13th. Finally, Credit Suisse Group set a $44.00 target price on eBay and gave the stock a “buy” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.64.
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In other eBay news, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $37.51, for a total value of $937,750.00. Following the transaction, the director now directly owns 262,119 shares of the company’s stock, valued at $9,832,083.69. The disclosure for this sale can be found here. Over 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 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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