Assetmark Inc. lifted its holdings in eBay Inc. (NASDAQ:EBAY) by 352.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,093 shares of the e-commerce company’s stock after purchasing an additional 186,296 shares during the quarter. Assetmark Inc.’s holdings in eBay were worth $9,196,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of EBAY. Captrust Financial Advisors purchased a new position in shares of eBay in the 2nd quarter valued at about $108,000. BB&T Investment Services Inc. purchased a new position in shares of eBay in the 2nd quarter valued at about $119,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of eBay in the 2nd quarter valued at about $123,000. Westside Investment Management Inc. increased its stake in shares of eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 60 shares in the last quarter. Finally, GWM Advisors LLC purchased a new position in shares of eBay in the 2nd quarter valued at about $157,000. 86.06% of the stock is owned by institutional investors.
EBAY has been the subject of several research reports. Wells Fargo & Company reiterated an “outperform” rating and set a $45.00 price objective on shares of eBay in a research note on Tuesday, September 26th. Goldman Sachs Group set a $40.00 price objective on eBay and gave the stock a “buy” rating in a research note on Thursday, October 19th. Stifel Nicolaus set a $37.00 price objective on eBay and gave the stock a “neutral” rating in a research note on Thursday, October 19th. J P Morgan Chase & Co set a $38.00 price objective on eBay and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, BMO Capital Markets restated a “hold” rating on shares of eBay in a research report on Wednesday, September 13th. Two equities research 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 company’s stock. The stock presently has an average rating of “Hold” and an average price target of $38.51.
In related news, SVP Raymond J. Pittman sold 31,400 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $35.58, for a total value of $1,117,212.00. Following the transaction, the senior vice president now owns 74,334 shares of the company’s stock, valued at $2,644,803.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stephen Fisher sold 69,406 shares of the 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 in the company, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. Insiders sold 184,242 shares of company stock worth $6,842,297 in the last three months. 6.78% of the stock is currently owned by corporate insiders.
Shares of eBay Inc. (EBAY) opened at $36.85 on Friday. eBay Inc. has a 12-month low of $28.91 and a 12-month high of $39.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. The firm has a market capitalization of $38,490.00, a price-to-earnings ratio of 23.01, a PEG ratio of 2.82 and a beta of 1.34.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. research analysts forecast that eBay Inc. will post 1.65 EPS for the current fiscal year.
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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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