Cubist Systematic Strategies LLC trimmed its position in eBay Inc. (NASDAQ:EBAY) by 47.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,752 shares of the e-commerce company’s stock after selling 129,476 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in eBay were worth $5,452,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Vident Investment Advisory LLC purchased a new position in eBay during the third quarter valued at approximately $581,000. First Allied Advisory Services Inc. raised its position in eBay by 14.0% during the third quarter. First Allied Advisory Services Inc. now owns 17,333 shares of the e-commerce company’s stock valued at $685,000 after acquiring an additional 2,125 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in eBay during the third quarter valued at approximately $117,303,000. Boothbay Fund Management LLC purchased a new position in eBay during the third quarter valued at approximately $238,000. Finally, Oppenheimer Asset Management Inc. raised its position in eBay by 86.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 124,468 shares of the e-commerce company’s stock valued at $4,785,000 after acquiring an additional 57,774 shares in the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.
Shares of eBay Inc. (EBAY) opened at $37.65 on Monday. 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 stock has a market capitalization of $39,330.00, a P/E ratio of 23.53, a PEG ratio of 2.89 and a beta of 1.34. eBay Inc. has a 12 month low of $29.01 and a 12 month high of $39.28.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. eBay had a return on equity of 15.69% and a net margin of 80.45%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. research analysts predict that eBay Inc. will post 1.65 EPS for the current fiscal year.
Several brokerages recently weighed in on EBAY. Aegis reiterated a “buy” rating and set a $44.00 price target (up from $42.00) on shares of eBay in a research report on Tuesday, September 19th. Robert W. Baird reiterated a “buy” rating and set a $38.00 price target on shares of eBay in a research report on Monday, October 16th. KeyCorp reiterated a “hold” rating on shares of eBay in a research report on Wednesday, October 11th. Piper Jaffray Companies set a $34.00 price target on eBay and gave the company a “hold” rating in a research report on Wednesday, October 11th. Finally, DA Davidson began coverage on eBay in a research report on Wednesday, September 13th. They set a “buy” rating and a $45.00 price target for the company. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.51.
In other news, VP Brian J. Doerger sold 4,359 shares of eBay stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $35.75, for a total value of $155,834.25. Following the sale, the vice president now directly owns 23,392 shares of the company’s stock, valued at $836,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 69,406 shares of eBay stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $37.63, for a total value of $2,611,747.78. Following the completion of the sale, the senior vice president now directly owns 144,047 shares in the company, valued at $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 over the last ninety days. Corporate insiders own 6.78% of the company’s stock.
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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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