Sanders Capital LLC increased its position in eBay Inc. (NASDAQ:EBAY) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,811,600 shares of the e-commerce company’s stock after buying an additional 65,500 shares during the period. Sanders Capital LLC owned 0.26% of eBay worth $108,267,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Capital Investment Services of America Inc. increased its position in eBay by 3.8% in the first quarter. Capital Investment Services of America Inc. now owns 278,186 shares of the e-commerce company’s stock worth $9,339,000 after buying an additional 10,276 shares in the last quarter. F&V Capital Management LLC increased its position in eBay by 12.1% in the first quarter. F&V Capital Management LLC now owns 92,785 shares of the e-commerce company’s stock worth $3,115,000 after buying an additional 10,020 shares in the last quarter. CENTRAL TRUST Co increased its position in eBay by 3.6% in the first quarter. CENTRAL TRUST Co now owns 9,543 shares of the e-commerce company’s stock worth $320,000 after buying an additional 335 shares in the last quarter. Fulton Bank N.A. increased its position in eBay by 62.6% in the first quarter. Fulton Bank N.A. now owns 16,369 shares of the e-commerce company’s stock worth $550,000 after buying an additional 6,301 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in eBay by 8.0% in the first quarter. Raymond James Trust N.A. now owns 28,161 shares of the e-commerce company’s stock worth $945,000 after buying an additional 2,090 shares in the last quarter. 86.48% of the stock is currently owned by institutional investors and hedge funds.
eBay Inc. (EBAY) traded up 0.17% during trading on Friday, reaching $35.05. 7,746,820 shares of the company were exchanged. The stock has a 50 day moving average price of $35.77 and a 200 day moving average price of $34.17. eBay Inc. has a 12 month low of $27.28 and a 12 month high of $37.48. The firm has a market capitalization of $37.51 billion, a PE ratio of 5.26 and a beta of 1.36.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts expect that eBay Inc. will post $2.01 EPS for the current fiscal year.
eBay announced that its board has initiated a stock buyback program on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
A number of equities analysts have recently issued reports on EBAY shares. Stifel Nicolaus reiterated a “hold” rating and set a $35.00 price objective on shares of eBay in a research note on Friday, April 14th. Goldman Sachs Group, Inc. (The) set a $42.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Wednesday, June 28th. Aegis reiterated a “buy” rating and set a $40.00 price objective (up from $38.00) on shares of eBay in a research note on Thursday, April 13th. Credit Suisse Group upgraded shares of eBay from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $34.00 to $44.00 in a research note on Monday, June 5th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $41.00 price objective (up from $36.00) on shares of eBay in a research note on Thursday, June 8th. Three analysts have rated the stock with a sell rating, twenty 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 a consensus price target of $36.97.
In related news, VP Brian J. Doerger sold 10,450 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 24,001 shares of the company’s stock, valued at $877,476.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Harry A. Lawton III sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $35.93, for a total transaction of $467,090.00. Following the completion of the sale, the senior vice president now directly owns 45,488 shares in the company, valued at $1,634,383.84. The disclosure for this sale can be found here. Insiders sold 72,303 shares of company stock worth $2,560,022 over the last three months. Corporate insiders own 6.78% 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 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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