eBay Inc. (EBAY) Stake Reduced by BlackRock Advisors LLC

BlackRock Advisors LLC decreased its stake in eBay Inc. (NASDAQ:EBAY) by 71.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 561,460 shares of the e-commerce company’s stock after selling 1,404,711 shares during the period. BlackRock Advisors LLC owned about 0.05% of eBay worth $18,473,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Physicians Financial Services Inc. boosted its position in eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock valued at $108,000 after buying an additional 300 shares during the last quarter. NEXT Financial Group Inc boosted its position in eBay by 39.2% in the third quarter. NEXT Financial Group Inc now owns 3,411 shares of the e-commerce company’s stock valued at $112,000 after buying an additional 960 shares during the last quarter. Hartford Financial Management Inc. boosted its position in eBay by 2.9% in the third quarter. Hartford Financial Management Inc. now owns 3,570 shares of the e-commerce company’s stock valued at $117,000 after buying an additional 100 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in eBay by 2.0% in the third quarter. Tradewinds Capital Management LLC now owns 3,837 shares of the e-commerce company’s stock valued at $126,000 after buying an additional 75 shares during the last quarter. Finally, Mycio Wealth Partners LLC boosted its position in eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock valued at $100,000 after buying an additional 949 shares during the last quarter. Institutional investors own 83.13% of the company’s stock.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Shares of eBay Inc. (NASDAQ:EBAY) traded up 0.07% during midday trading on Wednesday, hitting $29.28. 4,551,796 shares of the company’s stock traded hands. The firm has a market capitalization of $32.73 billion, a price-to-earnings ratio of 18.81 and a beta of 1.28. The company has a 50 day moving average price of $28.73 and a 200 day moving average price of $29.06. eBay Inc. has a 1-year low of $21.51 and a 1-year high of $33.19.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.19 billion. eBay had a net margin of 20.29% and a return on equity of 28.67%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Equities analysts anticipate that eBay Inc. will post $1.88 earnings per share for the current year.

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Several research firms have issued reports on EBAY. Mizuho boosted their target price on eBay from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, October 20th. Robert W. Baird reiterated an “outperform” rating and set a $35.00 target price on shares of eBay in a research report on Thursday, November 10th. BMO Capital Markets reiterated a “hold” rating and set a $28.00 target price on shares of eBay in a research report on Friday, October 21st. Wedbush dropped their target price on eBay from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, October 20th. Finally, Vetr lowered eBay from a “strong-buy” rating to a “buy” rating and set a $32.06 price target on the stock. in a research note on Wednesday, December 7th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. eBay has an average rating of “Hold” and a consensus price target of $34.64.

In other news, CAO Brian J. Doerger sold 18,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $28.93, for a total transaction of $520,740.00. Following the transaction, the chief accounting officer now owns 39,947 shares in the company, valued at approximately $1,155,666.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Stephen Fisher sold 39,764 shares of the business’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $29.20, for a total transaction of $1,161,108.80. Following the transaction, the senior vice president now owns 120,563 shares in the company, valued at approximately $3,520,439.60. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.

eBay Company Profile

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

5 Day Chart for NASDAQ:EBAY

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