Louisiana State Employees Retirement System reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 5.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 58,800 shares of the e-commerce company’s stock after selling 3,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in eBay were worth $2,219,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. BB&T Investment Services Inc. bought a new position in shares of eBay during the 2nd quarter valued at approximately $119,000. Valeo Financial Advisors LLC bought a new position in shares of eBay during the 3rd quarter valued at approximately $122,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of eBay during the 2nd quarter valued at approximately $123,000. Westside Investment Management Inc. lifted its position in eBay by 1.7% in the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after buying an additional 60 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in eBay in the third quarter worth $139,000. Hedge funds and other institutional investors own 85.93% of the company’s stock.
A number of analysts recently issued reports on EBAY shares. Benchmark restated a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of eBay in a research report on Friday, September 22nd. Wells Fargo & Co restated an “outperform” rating and issued a $45.00 price target on shares of eBay in a research report on Tuesday, September 26th. Piper Jaffray Companies set a $34.00 price target on eBay and gave the stock a “hold” rating in a research report on Wednesday, October 11th. KeyCorp restated a “hold” rating on shares of eBay in a research report on Wednesday, October 11th. Finally, Robert W. Baird restated a “buy” rating and issued a $38.00 price target on shares of eBay in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have assigned a buy rating to the stock. eBay currently has a consensus rating of “Hold” and a consensus price target of $38.88.
Shares of eBay Inc. (NASDAQ EBAY) opened at $37.99 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. eBay Inc. has a 52 week low of $29.69 and a 52 week high of $40.13. The firm has a market capitalization of $39,680.00, a price-to-earnings ratio of 5.61, a price-to-earnings-growth ratio of 2.62 and a beta of 1.34.
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 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 for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. sell-side analysts expect that eBay Inc. will post 1.65 EPS for the current year.
In other news, SVP Stephen Fisher sold 69,406 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the transaction, the senior vice president now owns 144,047 shares in the company, valued at $5,420,488.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Marie Oh Huber sold 72,417 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total value of $2,717,810.01. Following the transaction, the senior vice president now owns 101,589 shares in the company, valued at approximately $3,812,635.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,242 shares of company stock worth $6,842,297. 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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