Captrust Financial Advisors bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,080 shares of the e-commerce company’s stock, valued at approximately $108,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in eBay by 27.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock worth $128,003,000 after purchasing an additional 829,988 shares during the last quarter. Synovus Financial Corp boosted its stake in eBay by 164.4% during the 2nd quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock worth $2,091,000 after purchasing an additional 37,237 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in eBay during the 2nd quarter worth $167,000. ZWJ Investment Counsel Inc. boosted its stake in eBay by 7.7% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 12,066 shares of the e-commerce company’s stock worth $421,000 after purchasing an additional 858 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC boosted its stake in eBay by 1.0% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 311,375 shares of the e-commerce company’s stock worth $10,873,000 after purchasing an additional 3,000 shares during the last quarter. 84.91% of the stock is currently owned by institutional investors.
Shares of eBay Inc. (EBAY) opened at 38.40 on Friday. The company has a 50-day moving average of $36.01 and a 200 day moving average of $34.77. eBay Inc. has a one year low of $27.28 and a one year high of $38.87. The stock has a market capitalization of $41.10 billion, a price-to-earnings ratio of 5.76 and a beta of 1.34.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts forecast that eBay Inc. will post $2.00 earnings per share for the current fiscal year.
eBay declared that its board has authorized a stock buyback program on Thursday, July 20th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
Several brokerages have issued reports on EBAY. BidaskClub cut shares of eBay from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Mizuho reaffirmed an “underperform” rating and set a $34.00 target price on shares of eBay in a research note on Monday, August 7th. SunTrust Banks, Inc. began coverage on shares of eBay in a research note on Tuesday, August 15th. They set a “hold” rating and a $38.00 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating on shares of eBay in a research note on Wednesday. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of eBay in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eighteen have issued a buy rating to the company. eBay presently has an average rating of “Hold” and an average target price of $37.24.
In related news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the transaction, the director now directly owns 262,119 shares in the company, valued at $9,832,083.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stephen Fisher sold 11,956 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $36.24, for a total value of $433,285.44. Following the transaction, the senior vice president now owns 89,740 shares in the company, valued at $3,252,177.60. The disclosure for this sale can be found here. Insiders have sold 95,238 shares of company stock worth $3,439,297 over the last quarter. 6.78% of the stock is currently owned by company 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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