Investec Asset Management North America Inc. Has $11.53 Million Position in eBay Inc. (EBAY)

Investec Asset Management North America Inc. lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 14.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 330,299 shares of the e-commerce company’s stock after selling 57,344 shares during the quarter. eBay accounts for about 2.1% of Investec Asset Management North America Inc.’s investment portfolio, making the stock its 20th biggest position. Investec Asset Management North America Inc.’s holdings in eBay were worth $11,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EBAY. Waldron LP bought a new stake in eBay in the first quarter valued at about $210,000. World Asset Management Inc increased its stake in eBay by 15.8% in the first quarter. World Asset Management Inc now owns 113,387 shares of the e-commerce company’s stock valued at $3,806,000 after acquiring an additional 15,485 shares during the period. UBS Asset Management Americas Inc. increased its stake in eBay by 27.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock valued at $128,003,000 after acquiring an additional 829,988 shares during the period. British Columbia Investment Management Corp increased its stake in eBay by 7.1% in the first quarter. British Columbia Investment Management Corp now owns 410,316 shares of the e-commerce company’s stock valued at $13,774,000 after acquiring an additional 27,356 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in eBay by 1.6% in the first quarter. Gamco Investors INC. ET AL now owns 701,533 shares of the e-commerce company’s stock valued at $23,550,000 after acquiring an additional 10,810 shares during the period. 84.91% of the stock is currently owned by institutional investors and hedge funds.

EBAY has been the topic of several research analyst reports. DA Davidson initiated coverage on shares of eBay in a research note on Wednesday. They set a “buy” rating and a $45.00 price objective on the stock. BMO Capital Markets reaffirmed a “hold” rating on shares of eBay in a research note on Wednesday. J P Morgan Chase & Co set a $38.00 price objective on shares of eBay and gave the stock a “neutral” rating in a research note on Friday, July 21st. Barclays PLC reaffirmed an “overweight” rating and set a $42.00 price objective (up from $41.00) on shares of eBay in a research note on Friday, July 21st. Finally, Stifel Nicolaus set a $36.00 price objective on shares of eBay and gave the stock a “neutral” rating in a research note on Friday, July 21st. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eighteen have issued a buy rating to the stock. eBay currently has a consensus rating of “Hold” and an average target price of $37.24.

In other news, VP Brian J. Doerger sold 10,450 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the sale, the vice president now owns 24,001 shares in the company, valued at approximately $877,476.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the completion of the sale, the director now owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. Insiders have sold a total of 95,238 shares of company stock valued at $3,439,297 in the last 90 days. 6.78% of the stock is currently owned by company insiders.

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eBay Inc. (NASDAQ EBAY) traded up 0.23% on Friday, reaching $38.40. 11,121,940 shares of the company were exchanged. The stock has a market capitalization of $41.10 billion, a P/E ratio of 5.76 and a beta of 1.34. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $38.87. The company’s 50-day moving average price is $36.01 and its 200-day moving average price is $34.77.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.45. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. eBay’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. Equities research analysts anticipate that eBay Inc. will post $2.00 earnings per share for the current fiscal year.

eBay announced that its board has initiated a stock buyback program on Thursday, July 20th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

About eBay

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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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