Piedmont Investment Advisors LLC raised its position in eBay Inc. (NASDAQ:EBAY) by 1.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 216,433 shares of the e-commerce company’s stock after purchasing an additional 2,067 shares during the period. Piedmont Investment Advisors LLC’s holdings in eBay were worth $7,558,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of eBay by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock worth $183,717,000 after purchasing an additional 668,503 shares during the period. Synovus Financial Corp lifted its position in shares of eBay by 164.4% in the 2nd quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock worth $2,091,000 after purchasing an additional 37,237 shares during the period. Virtu KCG Holdings LLC lifted its position in shares of eBay by 113.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 64,103 shares of the e-commerce company’s stock worth $2,238,000 after purchasing an additional 34,134 shares during the period. Dupont Capital Management Corp acquired a new position in shares of eBay in the 2nd quarter worth approximately $167,000. Finally, Marble Harbor Investment Counsel LLC lifted its position in shares of eBay by 1.0% in the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 311,375 shares of the e-commerce company’s stock worth $10,873,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock.
In other eBay news, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total value of $937,750.00. Following the sale, the director now owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Harry A. Lawton III sold 34,832 shares of eBay stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $35.00, for a total value of $1,219,120.00. Following the completion of the sale, the senior vice president now directly owns 83,058 shares in the company, valued at approximately $2,907,030. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,238 shares of company stock worth $3,439,297. Corporate insiders own 6.78% of the company’s stock.
A number of research analysts have recently issued reports on EBAY shares. Goldman Sachs Group, Inc. (The) set a $42.00 price target on shares of eBay and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Aegis boosted their price target on shares of eBay from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Canaccord Genuity restated a “hold” rating and issued a $34.00 price target on shares of eBay in a research report on Wednesday, September 6th. Morgan Stanley set a $29.00 price target on shares of eBay and gave the stock a “sell” rating in a research report on Friday, July 21st. Finally, BidaskClub upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.66.
Shares of eBay Inc. (EBAY) traded up 0.68% during midday trading on Friday, hitting $38.35. The stock had a trading volume of 2,550,343 shares. The firm has a market cap of $41.05 billion, a price-to-earnings ratio of 5.75 and a beta of 1.36. eBay Inc. has a 12 month low of $27.28 and a 12 month high of $39.28. The stock’s 50 day moving average price is $37.65 and its 200 day moving average price is $35.44.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that eBay Inc. will post $2.00 EPS for the current fiscal year.
eBay announced that its board has initiated a share buyback program on Thursday, July 20th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
ILLEGAL ACTIVITY WARNING: This piece of content was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.com-unik.info/2017/10/13/ebay-inc-ebay-stake-lifted-by-piedmont-investment-advisors-llc.html.
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.
What are top analysts saying about eBay Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for eBay Inc. and related companies.