Caisse DE Depot ET Placement DU Quebec increased its position in shares of eBay Inc (NASDAQ:EBAY) by 152.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,122,100 shares of the e-commerce company’s stock after buying an additional 678,300 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.10% of eBay worth $37,710,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock worth $1,249,180,000 after buying an additional 23,404,909 shares during the last quarter. Boston Partners raised its stake in eBay by 1.9% in the first quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company’s stock worth $992,828,000 after buying an additional 544,112 shares during the last quarter. Nordea Investment Management AB raised its stake in eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock worth $501,155,000 after buying an additional 4,749,434 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of eBay by 4.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,700,034 shares of the e-commerce company’s stock valued at $459,911,000 after buying an additional 604,985 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of eBay by 2.4% in the first quarter. Geode Capital Management LLC now owns 10,401,929 shares of the e-commerce company’s stock valued at $348,717,000 after buying an additional 243,368 shares during the last quarter. 85.13% of the stock is owned by institutional investors.
Shares of eBay Inc (NASDAQ:EBAY) traded down 0.64% during mid-day trading on Friday, hitting $35.94. The stock had a trading volume of 7,654,583 shares. eBay Inc has a 12 month low of $27.28 and a 12 month high of $37.48. The stock’s 50-day moving average is $35.44 and its 200 day moving average is $33.84. The firm has a market cap of $38.47 billion, a PE ratio of 5.39 and a beta of 1.36.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a net margin of 1.16% and a return on equity of 0.94%. eBay’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. Equities research analysts predict that eBay Inc will post $2.01 earnings per share for the current fiscal year.
eBay declared that its Board of Directors has initiated a stock buyback program on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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Several brokerages recently commented on EBAY. BidaskClub lowered eBay from a “strong-buy” rating to a “buy” rating in a report on Thursday. Canaccord Genuity lifted their price objective on eBay from $32.00 to $34.00 and gave the stock a “hold” rating in a report on Monday, July 24th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $41.00 price objective (up previously from $40.00) on shares of eBay in a report on Sunday, July 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $36.00 price objective on shares of eBay in a report on Saturday, July 22nd. Finally, Morgan Stanley reiterated an “underweight” rating and set a $28.00 target price on shares of eBay in a research report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $36.91.
In other news, VP Brian J. Doerger sold 12,904 shares of eBay stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $33.57, for a total value of $433,187.28. Following the transaction, the vice president now owns 33,604 shares of the company’s stock, valued at approximately $1,128,086.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian J. Doerger sold 10,450 shares of eBay stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the transaction, the vice president now directly owns 24,001 shares in the company, valued at approximately $877,476.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,110 shares of company stock worth $2,625,141. 6.78% of the stock is owned by corporate insiders.
eBay Company Profile
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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