Strs Ohio reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 574,046 shares of the e-commerce company’s stock after selling 8,244 shares during the period. Strs Ohio owned 0.05% of eBay worth $20,045,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in EBAY. Balasa Dinverno & Foltz LLC boosted its stake in eBay by 78.3% in the second quarter. Balasa Dinverno & Foltz LLC now owns 12,865 shares of the e-commerce company’s stock valued at $449,000 after buying an additional 5,649 shares during the period. Parkwood LLC purchased a new stake in eBay during the second quarter valued at approximately $320,000. ING Groep NV boosted its stake in eBay by 177.9% in the second quarter. ING Groep NV now owns 246,123 shares of the e-commerce company’s stock valued at $8,595,000 after buying an additional 157,545 shares during the period. Greenleaf Trust boosted its stake in eBay by 68.3% in the second quarter. Greenleaf Trust now owns 12,075 shares of the e-commerce company’s stock valued at $422,000 after buying an additional 4,902 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of eBay during the second quarter worth approximately $2,735,000. 86.48% of the stock is owned by institutional investors.
eBay Inc. (NASDAQ:EBAY) opened at 35.05 on Friday. The company has a 50-day moving average of $35.76 and a 200 day moving average of $34.20. The stock has a market capitalization of $37.51 billion, a price-to-earnings ratio of 5.26 and a beta of 1.36. eBay Inc. has a 12 month low of $27.28 and a 12 month high of $37.48.
eBay (NASDAQ:EBAY) last posted its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. eBay’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. On average, equities research analysts anticipate that eBay Inc. will post $2.01 earnings per share for the current fiscal year.
eBay declared that its Board of Directors has approved a share repurchase program on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
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A number of equities research analysts recently commented on EBAY shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $35.00 price objective on shares of eBay in a research note on Friday, April 14th. BMO Capital Markets reaffirmed a “hold” rating and set a $36.00 price objective on shares of eBay in a research note on Monday, April 17th. Macquarie reaffirmed a “neutral” rating and set a $39.00 price objective on shares of eBay in a research note on Tuesday, April 18th. Cowen and Company reissued a “market perform” rating and issued a $30.00 target price on shares of eBay in a research note on Wednesday, April 19th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and issued a $36.00 target price on shares of eBay in a research note on Wednesday, April 19th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $36.97.
In other eBay news, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the transaction, the director now directly owns 286,562 shares of the company’s stock, valued at approximately $10,029,670. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Doerger sold 10,450 shares of eBay stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the transaction, the vice president now directly owns 24,001 shares of the company’s stock, valued at $877,476.56. The disclosure for this sale can be found here. Insiders have sold 72,303 shares of company stock valued at $2,560,022 over the last ninety days. 6.78% of the stock is currently owned by corporate insiders.
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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