Anchor Capital Advisors LLC cut its holdings in shares of eBay Inc (NASDAQ:EBAY) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,889 shares of the e-commerce company’s stock after selling 5,515 shares during the period. Anchor Capital Advisors LLC’s holdings in eBay were worth $9,209,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. CSat Investment Advisory L.P. purchased a new stake in eBay during the second quarter worth about $106,000. Valeo Financial Advisors LLC purchased a new stake in eBay during the second quarter worth about $107,000. NEXT Financial Group Inc purchased a new stake in eBay during the third quarter worth about $130,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in eBay by 223.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,128 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 2,850 shares during the period. Finally, Cerebellum GP LLC increased its stake in eBay by 292.7% during the third quarter. Cerebellum GP LLC now owns 5,007 shares of the e-commerce company’s stock worth $165,000 after purchasing an additional 3,732 shares during the period. Institutional investors own 84.50% of the company’s stock.
EBAY has been the topic of a number of recent research reports. UBS Group cut their price target on shares of eBay from $47.00 to $44.00 and set a “$34.11” rating on the stock in a research note on Thursday, July 19th. Morgan Stanley cut their target price on shares of eBay from $58.00 to $55.00 and set a “$34.11” rating on the stock in a research note on Thursday, July 19th. Guggenheim restated a “$37.95” rating on shares of eBay in a research note on Wednesday, July 18th. TheStreet upgraded shares of eBay from a “c+” rating to a “b-” rating in a research note on Wednesday, September 12th. Finally, DA Davidson cut their target price on shares of eBay to $50.00 and set a “buy” rating on the stock in a research note on Thursday, July 19th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.97.
In other eBay news, SVP Kristin A. Yetto sold 25,240 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $33.99, for a total value of $857,907.60. Following the transaction, the senior vice president now directly owns 83,876 shares in the company, valued at $2,850,945.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian J. Doerger sold 4,811 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $34.05, for a total transaction of $163,814.55. Following the completion of the transaction, the vice president now owns 34,644 shares in the company, valued at $1,179,628.20. The disclosure for this sale can be found here. Insiders sold 103,994 shares of company stock worth $3,571,245 over the last quarter. 6.78% of the stock is currently owned by insiders.
Shares of eBay stock opened at $29.52 on Friday. The company has a market capitalization of $27.13 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 1.68 and a beta of 1.19. eBay Inc has a 52 week low of $26.36 and a 52 week high of $46.99. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.37 and a current ratio of 2.37.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.65 billion. eBay had a negative net margin of 7.93% and a positive return on equity of 23.12%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. Analysts anticipate that eBay Inc will post 1.82 EPS for the current fiscal year.
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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