Banco de Sabadell S.A grew its position in shares of eBay Inc (NASDAQ:EBAY) by 150.0% in the 2nd quarter, Holdings Channel reports. The firm owned 5,000 shares of the e-commerce company’s stock after acquiring an additional 3,000 shares during the quarter. Banco de Sabadell S.A’s holdings in eBay were worth $181,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position in shares of eBay by 3,108.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 45,557 shares of the e-commerce company’s stock worth $1,652,000 after buying an additional 44,137 shares during the period. Marshall Wace LLP acquired a new stake in shares of eBay during the 2nd quarter worth approximately $22,573,000. New England Asset Management Inc. grew its position in shares of eBay by 5.2% during the 2nd quarter. New England Asset Management Inc. now owns 42,825 shares of the e-commerce company’s stock worth $1,553,000 after buying an additional 2,100 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of eBay during the 2nd quarter worth approximately $414,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of eBay by 16.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 143,086 shares of the e-commerce company’s stock worth $5,188,000 after buying an additional 19,960 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.
EBAY opened at $34.10 on Monday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.29. The firm has a market cap of $33.90 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.96 and a beta of 1.22. eBay Inc has a 1 year low of $32.85 and a 1 year high of $46.99.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.66 billion. eBay had a negative net margin of 10.05% and a positive return on equity of 20.57%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS. analysts expect that eBay Inc will post 1.83 EPS for the current fiscal year.
EBAY has been the subject of several recent analyst reports. UBS Group reduced their price objective on shares of eBay from $47.00 to $44.00 and set a “$34.11” rating for the company in a research report on Thursday, July 19th. Morgan Stanley reduced their price objective on shares of eBay from $58.00 to $55.00 and set a “$34.11” rating for the company in a research report on Thursday, July 19th. Guggenheim reaffirmed a “$37.95” rating on shares of eBay in a research report on Wednesday, July 18th. TheStreet raised shares of eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, September 12th. Finally, Monness Crespi & Hardt reduced their price objective on shares of eBay from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, July 19th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $45.90.
In other eBay news, SVP Jae Hyun Lee sold 26,204 shares of eBay stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $35.08, for a total transaction of $919,236.32. Following the transaction, the senior vice president now directly owns 128,457 shares of the company’s stock, valued at approximately $4,506,271.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian J. Doerger sold 4,811 shares of eBay stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $34.05, for a total transaction of $163,814.55. Following the transaction, the vice president now directly owns 34,644 shares in the company, valued at $1,179,628.20. The disclosure for this sale can be found here. Insiders have sold a total of 138,158 shares of company stock worth $4,718,578 over the last ninety days. Insiders own 6.78% of the company’s stock.
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.
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