Korea Investment CORP Sells 80,136 Shares of eBay (EBAY)

Korea Investment CORP lessened its position in shares of eBay (NASDAQ:EBAY) by 16.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 402,631 shares of the e-commerce company’s stock after selling 80,136 shares during the period. Korea Investment CORP’s holdings in eBay were worth $16,202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Wunderlich Capital Managemnt lifted its holdings in eBay by 4.5% during the 4th quarter. Wunderlich Capital Managemnt now owns 27,480 shares of the e-commerce company’s stock worth $1,037,000 after purchasing an additional 1,186 shares in the last quarter. Cabot Wealth Management Inc. lifted its holdings in eBay by 0.7% during the 4th quarter. Cabot Wealth Management Inc. now owns 172,705 shares of the e-commerce company’s stock worth $6,518,000 after purchasing an additional 1,219 shares in the last quarter. Northwest Investment Counselors LLC lifted its holdings in eBay by 3.0% during the 4th quarter. Northwest Investment Counselors LLC now owns 42,468 shares of the e-commerce company’s stock worth $1,603,000 after purchasing an additional 1,221 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in eBay by 5.2% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 27,246 shares of the e-commerce company’s stock worth $1,096,000 after purchasing an additional 1,338 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in eBay by 8.6% during the 1st quarter. D.A. Davidson & CO. now owns 18,281 shares of the e-commerce company’s stock worth $736,000 after purchasing an additional 1,450 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of eBay stock opened at $38.32 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.63 and a current ratio of 2.63. The stock has a market cap of $38.09 billion, a PE ratio of 23.51, a PEG ratio of 1.85 and a beta of 1.26. eBay has a 12 month low of $33.60 and a 12 month high of $46.99.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 25th. The e-commerce company reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. eBay had a positive return on equity of 18.06% and a negative net margin of 16.56%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the company earned $0.49 EPS. eBay’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts forecast that eBay will post 1.84 EPS for the current year.

eBay declared that its board has initiated a stock repurchase program on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, SVP Jae Hyun Lee sold 14,565 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $43.52, for a total transaction of $633,868.80. Following the transaction, the senior vice president now directly owns 99,110 shares in the company, valued at approximately $4,313,267.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Marie Oh Huber sold 35,631 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $38.00, for a total value of $1,353,978.00. Following the transaction, the senior vice president now owns 36,070 shares in the company, valued at $1,370,660. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 407,836 shares of company stock worth $16,930,138. 6.22% of the stock is owned by corporate insiders.

EBAY has been the topic of a number of recent research reports. Credit Suisse Group increased their price objective on eBay from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Benchmark reissued a “buy” rating and set a $53.00 price objective on shares of eBay in a report on Thursday, April 26th. Macquarie set a $46.00 price objective on eBay and gave the stock a “neutral” rating in a report on Thursday, February 1st. Atlantic Securities set a $45.00 price objective on eBay and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, Robert W. Baird set a $52.00 price objective on eBay and gave the stock a “buy” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. eBay currently has an average rating of “Buy” and an average target price of $46.13.

eBay Company 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.

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay (NASDAQ:EBAY).

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.




Leave a Reply