eBay Inc. (EBAY) Position Raised by Caxton Associates LP

Caxton Associates LP boosted its position in eBay Inc. (NASDAQ:EBAY) by 10.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 13,500 shares of the e-commerce company’s stock after purchasing an additional 1,300 shares during the period. Caxton Associates LP’s holdings in eBay were worth $471,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of EBAY. Vanguard Group Inc. lifted its position in eBay by 1.7% during the second quarter. Vanguard Group Inc. now owns 68,101,836 shares of the e-commerce company’s stock worth $2,378,116,000 after acquiring an additional 1,121,890 shares during the last quarter. BlackRock Inc. lifted its position in eBay by 2,424.9% during the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock worth $2,095,089,000 after acquiring an additional 59,937,723 shares during the last quarter. Wellington Management Group LLP lifted its position in eBay by 169.5% during the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock worth $1,249,180,000 after acquiring an additional 23,404,909 shares during the last quarter. Independent Franchise Partners LLP lifted its position in eBay by 17.6% during the second quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock worth $674,744,000 after acquiring an additional 2,898,085 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in eBay by 2.4% during the second quarter. Nordea Investment Management AB now owns 15,289,334 shares of the e-commerce company’s stock worth $533,904,000 after acquiring an additional 360,664 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Several brokerages have issued reports on EBAY. Wells Fargo & Company restated an “outperform” rating and set a $45.00 price objective on shares of eBay in a research report on Tuesday, September 26th. Benchmark Co. restated a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of eBay in a research report on Friday, September 22nd. Aegis restated a “buy” rating and set a $44.00 price objective (up from $42.00) on shares of eBay in a research report on Tuesday, September 19th. DA Davidson began coverage on shares of eBay in a research report on Wednesday, September 13th. They set a “buy” rating and a $45.00 price objective for the company. Finally, BMO Capital Markets restated a “hold” rating on shares of eBay in a research report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and nineteen have assigned a buy rating to the company’s stock. eBay has an average rating of “Hold” and a consensus target price of $37.64.

Shares of eBay Inc. (NASDAQ:EBAY) traded down 0.248% during trading on Thursday, hitting $38.215. 1,253,811 shares of the stock traded hands. The firm has a market cap of $40.90 billion, a price-to-earnings ratio of 5.733 and a beta of 1.36. The company has a 50 day moving average price of $37.56 and a 200 day moving average price of $35.43. eBay Inc. has a 12 month low of $27.28 and a 12 month high of $39.28.

eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The business 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%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Analysts anticipate that eBay Inc. will post $2.00 earnings per share for the current fiscal year.

eBay declared that its board has approved a stock repurchase 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 buy up to 7.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In other eBay news, SVP Stephen Fisher sold 11,956 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $36.24, for a total value of $433,285.44. Following the completion of the transaction, the senior vice president now directly owns 89,740 shares in the company, valued at $3,252,177.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the completion of the transaction, the senior vice president now owns 83,058 shares of the company’s stock, valued at $2,907,030. The disclosure for this sale can be found here. Insiders sold 95,238 shares of company stock valued at $3,439,297 over the last ninety days. Corporate insiders own 6.78% of the company’s stock.

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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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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