Burns J W & Co. Inc. NY Holds Stake in eBay Inc. (EBAY)

Burns J W & Co. Inc. NY continued to hold its position in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,000 shares of the e-commerce company’s stock at the end of the second quarter. Burns J W & Co. Inc. NY’s holdings in eBay were worth $838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. boosted its position in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the last quarter. FNY Partners Fund LP boosted its position in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock valued at $140,000 after buying an additional 858 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after buying an additional 2,230 shares during the last quarter. Finally, First Personal Financial Services boosted its position in shares of eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock valued at $164,000 after buying an additional 4,197 shares during the last quarter. Institutional investors own 86.48% of the company’s stock.

eBay Inc. (EBAY) traded up 0.17% on Friday, hitting $35.05. The stock had a trading volume of 7,746,820 shares. The stock has a market cap of $37.51 billion, a price-to-earnings ratio of 5.26 and a beta of 1.36. The stock’s 50 day moving average is $35.76 and its 200 day moving average is $34.20. eBay Inc. has a one year low of $27.28 and a one year high of $37.48.

eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. Analysts anticipate that eBay Inc. will post $2.01 earnings per share for the current year.

eBay declared that its board has initiated a share buyback plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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EBAY has been the topic of several recent research reports. Aegis reiterated a “buy” rating and set a $40.00 target price (up from $38.00) on shares of eBay in a report on Thursday, April 13th. Hilliard Lyons reiterated a “buy” rating and set a $38.50 target price (up from $36.00) on shares of eBay in a report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of eBay in a report on Thursday, April 20th. Deutsche Bank AG restated a “buy” rating and issued a $39.00 price target (down from $40.00) on shares of eBay in a report on Saturday, April 22nd. Finally, Benchmark Co. restated a “buy” rating and issued a $39.00 price target on shares of eBay in a report on Saturday, April 22nd. 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’s stock. eBay currently has an average rating of “Hold” and an average price target of $36.97.

In related news, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $35.00, for a total transaction of $875,000.00. Following the completion of the transaction, the director now owns 286,562 shares in the company, valued at approximately $10,029,670. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen C. Mitic sold 11,897 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $33.84, for a total value of $402,594.48. Following the transaction, the director now owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,303 shares of company stock valued at $2,560,022. 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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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