eBay Inc. (EBAY) Holdings Trimmed by Markston International LLC
Markston International LLC reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,096 shares of the e-commerce company’s stock after selling 14,316 shares during the quarter. Markston International LLC’s holdings in eBay were worth $6,772,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in eBay by 3.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 246,871 shares of the e-commerce company’s stock worth $9,495,000 after buying an additional 7,995 shares during the period. Teacher Retirement System of Texas grew its position in shares of eBay by 1.8% in the third quarter. Teacher Retirement System of Texas now owns 1,897,771 shares of the e-commerce company’s stock valued at $72,988,000 after purchasing an additional 34,027 shares during the last quarter. Rhumbline Advisers grew its position in shares of eBay by 0.3% in the third quarter. Rhumbline Advisers now owns 1,763,910 shares of the e-commerce company’s stock valued at $67,840,000 after purchasing an additional 5,649 shares during the last quarter. Toronto Dominion Bank boosted its position in eBay by 11.0% during the third quarter. Toronto Dominion Bank now owns 378,963 shares of the e-commerce company’s stock worth $14,574,000 after acquiring an additional 37,654 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in eBay by 20.8% during the third quarter. First Eagle Investment Management LLC now owns 2,054,591 shares of the e-commerce company’s stock worth $79,020,000 after acquiring an additional 353,316 shares during the last quarter. Institutional investors own 86.64% of the company’s stock.
A number of analysts recently issued reports on EBAY shares. Canaccord Genuity raised their target price on shares of eBay from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Benchmark Co. raised their target price on shares of eBay from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. J P Morgan Chase & Co set a $38.00 target price on shares of eBay and gave the stock a “neutral” rating in a research report on Friday, July 21st. Barclays PLC restated an “overweight” rating and set a $42.00 target price (up previously from $41.00) on shares of eBay in a research report on Friday, July 21st. Finally, Stifel Nicolaus set a $36.00 price target on shares of eBay and gave the stock a “neutral” rating in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.45.
In related news, SVP Marie Oh Huber sold 72,417 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total value of $2,717,810.01. Following the completion of the transaction, the senior vice president now directly owns 101,589 shares of the company’s stock, valued at $3,812,635.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $35.75, for a total value of $155,834.25. Following the sale, the vice president now directly owns 23,392 shares of the company’s stock, valued at approximately $836,264. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,182 shares of company stock valued at $6,423,142. 6.78% of the stock is owned by company insiders.
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eBay Inc. (NASDAQ EBAY) traded down $0.63 during trading on Wednesday, reaching $35.22. 11,468,000 shares of the company’s stock were exchanged, compared to its average volume of 8,882,823. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $39.28. The firm has a market cap of $37,447.87, a P/E ratio of 22.41, a PEG ratio of 2.75 and a beta of 1.36.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. eBay’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. research analysts expect that eBay Inc. will post 1.65 earnings per share for the current fiscal 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 reacquire up to 7.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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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