Royal London Asset Management Ltd. decreased its stake in shares of eBay Inc (NASDAQ:EBAY) by 46.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 371,655 shares of the e-commerce company’s stock after selling 327,622 shares during the period. Royal London Asset Management Ltd.’s holdings in eBay were worth $12,270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Capital Management LLC boosted its stake in shares of eBay by 26.2% during the 3rd quarter. Northern Capital Management LLC now owns 78,714 shares of the e-commerce company’s stock valued at $2,599,000 after purchasing an additional 16,330 shares in the last quarter. Fairbanks Capital Management Inc. bought a new stake in shares of eBay during the 3rd quarter valued at about $3,193,000. Cedar Capital LLC boosted its stake in shares of eBay by 37.3% during the 3rd quarter. Cedar Capital LLC now owns 49,534 shares of the e-commerce company’s stock valued at $1,636,000 after purchasing an additional 13,464 shares in the last quarter. Evanston Investments Inc. dba Evanston Advisors boosted its stake in shares of eBay by 8.5% during the 3rd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 237,811 shares of the e-commerce company’s stock valued at $7,853,000 after purchasing an additional 18,626 shares in the last quarter. Finally, Morningstar Investment Services LLC boosted its stake in shares of eBay by 142.1% during the 3rd quarter. Morningstar Investment Services LLC now owns 1,636,036 shares of the e-commerce company’s stock valued at $54,022,000 after purchasing an additional 960,288 shares in the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of eBay stock opened at $27.96 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.59 and a beta of 1.32. eBay Inc has a 52-week low of $26.36 and a 52-week high of $46.99.

eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. eBay had a negative net margin of 7.93% and a positive return on equity of 23.65%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. As a group, research analysts predict that eBay Inc will post 1.84 EPS for the current year.

In other eBay news, SVP Jae Hyun Lee sold 26,204 shares of eBay stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $35.08, for a total value of $919,236.32. Following the completion of the transaction, the senior vice president now directly owns 128,457 shares of the company’s stock, valued at $4,506,271.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.22% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on EBAY shares. TheStreet raised shares of eBay from a “c+” rating to a “b-” rating in a research note on Wednesday, September 12th. FIX lowered shares of eBay from a “buy” rating to a “neutral” rating and cut their target price for the company from $44.00 to $33.00 in a research note on Monday, October 22nd. Citigroup lifted their target price on shares of eBay from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Benchmark reaffirmed a “buy” rating and set a $50.00 target price on shares of eBay in a research note on Tuesday, October 16th. Finally, Deutsche Bank dropped their price objective on shares of eBay from $46.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. eBay currently has an average rating of “Hold” and a consensus target price of $40.97.

TRADEMARK VIOLATION WARNING: This article was originally published by Daily Political and is the property of of Daily Political. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2018/11/20/royal-london-asset-management-ltd-has-12-27-million-holdings-in-ebay-inc-ebay.html.

eBay 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.

Featured Story: Cost of equity and a company’s balance sheet

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.