Nisa Investment Advisors LLC Sells 6,845 Shares of eBay Inc (EBAY)

Nisa Investment Advisors LLC decreased its holdings in eBay Inc (NASDAQ:EBAY) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 382,574 shares of the e-commerce company’s stock after selling 6,845 shares during the quarter. Nisa Investment Advisors LLC’s holdings in eBay were worth $12,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EBAY. Element Capital Management LLC acquired a new position in shares of eBay during the 1st quarter worth $328,000. LPL Financial LLC raised its stake in shares of eBay by 22.4% during the 1st quarter. LPL Financial LLC now owns 144,959 shares of the e-commerce company’s stock worth $5,833,000 after buying an additional 26,493 shares during the last quarter. NEXT Financial Group Inc acquired a new position in shares of eBay during the 1st quarter worth $269,000. Xact Kapitalforvaltning AB raised its stake in shares of eBay by 6.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 182,663 shares of the e-commerce company’s stock worth $7,350,000 after buying an additional 10,733 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of eBay by 828.8% during the 1st quarter. WINTON GROUP Ltd now owns 151,884 shares of the e-commerce company’s stock worth $6,112,000 after buying an additional 135,531 shares during the last quarter. 84.93% of the stock is currently owned by institutional investors and hedge funds.

EBAY opened at $31.55 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.37. The stock has a market capitalization of $31.69 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.19. eBay Inc has a 12 month low of $30.75 and a 12 month high of $46.99.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. As a group, sell-side analysts forecast that eBay Inc will post 1.84 EPS for the current fiscal year.

Several research analysts have recently issued reports on the company. Monness Crespi & Hardt cut their price target on eBay from $48.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, July 19th. BMO Capital Markets cut their price target on eBay from $55.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, July 20th. DA Davidson cut their price target on eBay to $50.00 and set a “buy” rating for the company in a research note on Thursday, July 19th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “buy” rating and set a $41.00 price target on shares of eBay in a research note on Wednesday. Finally, SunTrust Banks downgraded shares of eBay from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Tuesday, July 10th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.25.

In other eBay news, SVP Kristin A. Yetto sold 23,648 shares of eBay stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $33.54, for a total value of $793,153.92. Following the completion of the sale, the senior vice president now owns 109,116 shares in the company, valued at approximately $3,659,750.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Wendy Elizabeth Jones sold 10,516 shares of eBay stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $33.68, for a total value of $354,178.88. Following the completion of the sale, the senior vice president now owns 21,620 shares of the company’s stock, valued at approximately $728,161.60. The disclosure for this sale can be found here. Insiders sold a total of 138,158 shares of company stock valued at $4,718,578 in the last 90 days. 6.78% of the stock is owned by company insiders.

eBay Profile

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.

See Also: Outstanding Shares

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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