Commonwealth Equity Services Inc boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,759 shares of the e-commerce company’s stock after purchasing an additional 4,658 shares during the period. Commonwealth Equity Services Inc’s holdings in eBay were worth $2,529,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in EBAY. Captrust Financial Advisors bought a new position in eBay during the second quarter worth about $108,000. BB&T Investment Services Inc. bought a new position in eBay during the second quarter worth about $119,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in eBay during the second quarter worth about $123,000. Westside Investment Management Inc. increased its position in eBay by 1.7% during the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after acquiring an additional 60 shares during the period. Finally, GWM Advisors LLC bought a new position in eBay in the 2nd quarter valued at about $157,000. 86.06% of the stock is owned by institutional investors and hedge funds.
In other news, VP Brian J. Doerger sold 4,359 shares of the company’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 completion of the sale, the vice president now owns 23,392 shares in the company, valued at approximately $836,264. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 6,660 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $35.99, for a total transaction of $239,693.40. Following the completion of the sale, the vice president now owns 16,732 shares of the company’s stock, valued at approximately $602,184.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,242 shares of company stock valued at $6,842,297. Company insiders own 6.78% of the company’s stock.
Shares of eBay Inc. (EBAY) traded up $0.02 during mid-day trading on Thursday, reaching $36.85. 7,625,635 shares of the company’s stock were exchanged, compared to its average volume of 8,954,213. The company has a market cap of $38,490.00, a price-to-earnings ratio of 23.01, a PEG ratio of 2.82 and a beta of 1.34. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82. eBay Inc. has a fifty-two week low of $28.91 and a fifty-two week high of $39.28.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the business posted $0.45 EPS. eBay’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts anticipate that eBay Inc. will post 1.65 EPS for the current year.
Several equities analysts have commented on EBAY shares. Robert W. Baird reissued a “buy” rating and issued a $38.00 target price on shares of eBay in a report on Monday, October 16th. Benchmark reissued a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of eBay in a report on Friday, September 22nd. Aegis reissued a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of eBay in a report on Tuesday, September 19th. DA Davidson started coverage on shares of eBay in a report on Wednesday, September 13th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Goldman Sachs Group set a $40.00 target price on shares of eBay and gave the company a “buy” rating in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have issued a buy rating to the company. eBay has an average rating of “Hold” and a consensus price target of $38.51.
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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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