Pillar Pacific Capital Management LLC Lowers Stake in eBay Inc (EBAY)
Pillar Pacific Capital Management LLC decreased its stake in shares of eBay Inc (NASDAQ:EBAY) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,240 shares of the e-commerce company’s stock after selling 3,520 shares during the period. Pillar Pacific Capital Management LLC’s holdings in eBay were worth $1,314,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of EBAY. Archford Capital Strategies LLC acquired a new position in eBay during the first quarter worth $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in eBay by 506.3% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,910 shares of the e-commerce company’s stock worth $117,000 after purchasing an additional 2,430 shares during the last quarter. Massey Quick Simon & CO. LLC boosted its holdings in eBay by 100.0% during the first quarter. Massey Quick Simon & CO. LLC now owns 2,958 shares of the e-commerce company’s stock worth $119,000 after purchasing an additional 1,479 shares during the last quarter. Motco acquired a new position in eBay during the first quarter worth $129,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in eBay by 223.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,128 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 2,850 shares during the last quarter. 87.31% of the stock is owned by institutional investors.
EBAY has been the subject of several recent research reports. Stifel Nicolaus reduced their target price on shares of eBay from $44.00 to $43.00 and set a “hold” rating for the company in a report on Thursday, July 19th. ValuEngine cut shares of eBay from a “buy” rating to a “hold” rating in a report on Friday, April 27th. Morgan Stanley upgraded shares of eBay from an “underweight” rating to an “overweight” rating and reduced their target price for the stock from $36.00 to $34.00 in a report on Wednesday, April 18th. Mizuho reduced their target price on shares of eBay to $36.00 and set an “underperform” rating for the company in a report on Thursday, July 19th. Finally, BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a report on Saturday, April 21st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.33.
Shares of EBAY stock opened at $34.40 on Wednesday. The firm has a market capitalization of $33.73 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 1.95 and a beta of 1.22. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.29. eBay Inc has a one year low of $32.85 and a one year high of $46.99.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. eBay had a negative net margin of 10.05% and a positive return on equity of 20.57%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. equities research analysts predict that eBay Inc will post 1.83 earnings per share for the current fiscal year.
eBay Company Profile
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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