Flossbach Von Storch AG bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,000 shares of the e-commerce company’s stock, valued at approximately $2,619,000.
Several other large investors also recently made changes to their positions in EBAY. Fox Run Management L.L.C. acquired a new stake in eBay during the first quarter valued at about $520,000. Atria Investments LLC increased its stake in shares of eBay by 14.0% in the first quarter. Atria Investments LLC now owns 7,931 shares of the e-commerce company’s stock worth $266,000 after buying an additional 977 shares during the period. BKD Wealth Advisors LLC increased its stake in shares of eBay by 25.6% in the first quarter. BKD Wealth Advisors LLC now owns 10,927 shares of the e-commerce company’s stock worth $367,000 after buying an additional 2,230 shares during the period. Alpha Windward LLC increased its stake in shares of eBay by 1.1% in the first quarter. Alpha Windward LLC now owns 5,531 shares of the e-commerce company’s stock worth $186,000 after buying an additional 59 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of eBay by 0.8% in the first quarter. Private Trust Co. NA now owns 13,691 shares of the e-commerce company’s stock worth $459,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 85.71% of the company’s stock.
eBay Inc. (EBAY) traded down 0.20% during trading on Friday, reaching $34.78. The company had a trading volume of 8,747,216 shares. eBay Inc. has a one year low of $27.28 and a one year high of $37.48. The company has a 50-day moving average price of $35.77 and a 200 day moving average price of $34.33. The company has a market capitalization of $37.23 billion, a price-to-earnings ratio of 5.22 and a beta of 1.36. eBay also saw unusually large options trading activity on Wednesday. Stock investors purchased 2,194 put options on the stock. This represents an increase of approximately 231% compared to the average daily volume of 663 put options.
eBay (NASDAQ:EBAY) last issued 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 during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $0.43 EPS. eBay’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts expect that eBay Inc. will post $2.00 earnings per share for the current year.
eBay announced that its board has authorized a stock buyback plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
EBAY has been the subject of a number of research analyst reports. Benchmark Co. boosted their price target on eBay from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Susquehanna Bancshares Inc restated a “positive” rating and set a $41.00 price objective (up previously from $40.00) on shares of eBay in a research report on Sunday, July 23rd. Morgan Stanley restated an “underweight” rating and set a $28.00 price objective on shares of eBay in a research report on Saturday, July 22nd. Robert W. Baird restated an “outperform” rating and issued a $38.00 price objective on shares of eBay in a report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $36.00 price objective on shares of eBay in a report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have assigned a buy rating to the company. eBay has an average rating of “Hold” and a consensus target price of $37.05.
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 completion of the transaction, the vice president now directly owns 24,001 shares of the company’s stock, valued at approximately $877,476.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were 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 directly owns 286,562 shares of the company’s stock, valued at $10,029,670. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,238 shares of company stock valued at $3,376,547. 6.78% of the stock is owned by insiders.
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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