HL Financial Services LLC raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,853 shares of the e-commerce company’s stock after buying an additional 3,164 shares during the period. HL Financial Services LLC’s holdings in eBay were worth $1,533,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of eBay by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock valued at $183,717,000 after acquiring an additional 668,503 shares in the last quarter. Colony Group LLC bought a new stake in shares of eBay during the second quarter valued at approximately $213,000. Synovus Financial Corp raised its stake in shares of eBay by 164.4% during the second quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock valued at $2,091,000 after acquiring an additional 37,237 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of eBay by 19.1% during the third quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock valued at $123,651,000 after acquiring an additional 515,634 shares in the last quarter. Finally, Virtu KCG Holdings LLC raised its stake in shares of eBay by 113.9% during the second quarter. Virtu KCG Holdings LLC now owns 64,103 shares of the e-commerce company’s stock valued at $2,238,000 after acquiring an additional 34,134 shares in the last quarter. Institutional investors and hedge funds own 87.29% of the company’s stock.
eBay Inc. (NASDAQ:EBAY) traded up $0.28 during mid-day trading on Friday, reaching $35.97. 8,329,600 shares of the company’s stock were exchanged, compared to its average volume of 10,189,443. The firm has a market cap of $37,573.22, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 2.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. eBay Inc. has a 12 month low of $27.28 and a 12 month high of $39.28.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. eBay’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. analysts anticipate that eBay Inc. will post 1.65 earnings per share for the current year.
eBay announced that its board has approved a share buyback plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
EBAY has been the subject of several research analyst reports. UBS AG set a $40.00 price target on shares of eBay and gave the company a “buy” rating in a research note on Friday, July 21st. Wells Fargo & Company reaffirmed an “outperform” rating and set a $45.00 price target on shares of eBay in a research note on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) set a $40.00 price target on shares of eBay and gave the company a “buy” rating in a research note on Thursday, October 19th. Citigroup Inc. reaffirmed a “buy” rating and set a $43.00 price target (up previously from $42.00) on shares of eBay in a research note on Friday, July 21st. Finally, Stifel Nicolaus set a $37.00 price target on shares of eBay and gave the company a “neutral” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.45.
In other eBay news, SVP Marie Oh Huber sold 72,417 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $37.53, for a total value of $2,717,810.01. Following the completion of the sale, the senior vice president now owns 101,589 shares in the company, valued at approximately $3,812,635.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Stephen Fisher sold 69,406 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the completion of the sale, the senior vice president now owns 144,047 shares of the company’s stock, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,655 shares of company stock valued at $7,486,428. 6.78% of the stock is owned by insiders.
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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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