Cornerstone Capital Management Holdings LLC. lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 74.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 217,607 shares of the e-commerce company’s stock after selling 622,708 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in eBay were worth $8,368,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EBAY. Global X Management Co. LLC lifted its stake in shares of eBay by 49.9% in the 2nd quarter. Global X Management Co. LLC now owns 14,048 shares of the e-commerce company’s stock worth $491,000 after purchasing an additional 4,677 shares during the period. Wedbush Securities Inc. raised its stake in eBay by 1.4% during the 2nd quarter. Wedbush Securities Inc. now owns 12,591 shares of the e-commerce company’s stock worth $440,000 after acquiring an additional 178 shares during the period. Dupont Capital Management Corp bought a new stake in eBay during the 2nd quarter worth approximately $167,000. Dowling & Yahnke LLC raised its stake in eBay by 0.4% during the 2nd quarter. Dowling & Yahnke LLC now owns 73,835 shares of the e-commerce company’s stock worth $2,578,000 after acquiring an additional 290 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in eBay by 12.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 1,473,950 shares of the e-commerce company’s stock worth $51,470,000 after acquiring an additional 168,030 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

In related news, SVP Stephen Fisher sold 69,406 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the completion of the transaction, the senior vice president now directly owns 144,047 shares of the company’s stock, valued at $5,420,488.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Over the last three months, insiders sold 184,242 shares of company stock valued at $6,842,297. 6.78% of the stock is currently owned by insiders.

eBay Inc. (NASDAQ:EBAY) opened at $37.44 on Wednesday. eBay Inc. has a fifty-two week low of $29.01 and a fifty-two week high of $39.28. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. The firm has a market cap of $39,192.30, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.88 and a beta of 1.33.

eBay (NASDAQ:EBAY) last posted its 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. eBay had a net margin of 80.45% and a return on equity of 15.69%. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the firm posted $0.45 earnings per share. eBay’s revenue for the quarter was up 8.7% compared to the same quarter last year. research analysts predict that eBay Inc. will post 1.65 EPS for the current year.

EBAY has been the topic of a number of recent analyst reports. Canaccord Genuity restated a “hold” rating and set a $34.00 target price on shares of eBay in a research note on Wednesday, September 6th. SunTrust Banks restated a “hold” rating and set a $38.00 target price on shares of eBay in a research note on Friday, November 17th. BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Piper Jaffray Companies set a $34.00 target price on shares of eBay and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Finally, DA Davidson initiated coverage on shares of eBay in a research note on Wednesday, September 13th. They set a “buy” rating and a $45.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.51.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/12/13/ebay-inc-ebay-stake-lessened-by-cornerstone-capital-management-holdings-llc.html.

About eBay

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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.