Lakeview Capital Partners LLC acquired a new position in eBay Inc. (NASDAQ:EBAY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,315 shares of the e-commerce company’s stock, valued at approximately $204,000.
A number of other hedge funds also recently made changes to their positions in EBAY. Waldron LP bought a new stake in eBay in the first quarter worth about $210,000. Mackenzie Financial Corp raised its position in shares of eBay by 10.4% in the first quarter. Mackenzie Financial Corp now owns 128,965 shares of the e-commerce company’s stock valued at $4,329,000 after purchasing an additional 12,173 shares during the period. Quest Investment Management LLC bought a new stake in shares of eBay in the first quarter valued at approximately $5,038,000. Cambridge Investment Research Advisors Inc. raised its position in shares of eBay by 9.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 31,858 shares of the e-commerce company’s stock valued at $1,069,000 after purchasing an additional 2,695 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of eBay by 2.4% in the first quarter. Geode Capital Management LLC now owns 10,401,929 shares of the e-commerce company’s stock valued at $348,717,000 after purchasing an additional 243,368 shares during the period. 87.23% of the stock is currently owned by institutional investors and hedge funds.
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In related news, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $37.51, for a total value of $937,750.00. Following the completion of the sale, the director now directly owns 262,119 shares in the company, valued at $9,832,083.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marie Oh Huber sold 72,417 shares of eBay stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $37.53, for a total value of $2,717,810.01. Following the completion of the sale, the senior vice president now owns 101,589 shares of the company’s stock, valued at $3,812,635.17. The disclosure for this sale can be found here. Insiders sold 201,655 shares of company stock valued at $7,486,428 over the last 90 days. 6.78% of the stock is currently owned by corporate insiders.
Shares of eBay Inc. (NASDAQ:EBAY) traded up 1.62% on Tuesday, hitting $37.60. 2,918,892 shares of the company traded hands. The firm has a market capitalization of $40.24 billion, a P/E ratio of 5.64 and a beta of 1.36. The firm’s 50-day moving average is $38.02 and its 200 day moving average is $35.76. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $39.28.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.37 billion. eBay had a return on equity of 15.69% and a net margin of 80.45%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. On average, analysts anticipate that eBay Inc. will post $2.00 earnings per share for the current fiscal year.
eBay declared that its Board of Directors has approved a share buyback program on Thursday, July 20th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
EBAY has been the topic of several research reports. Canaccord Genuity reissued 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 company a “sell” rating in a research report on Friday, July 21st. BidaskClub raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Credit Suisse Group set a $44.00 price target on shares of eBay and gave the company a “buy” rating in a research report on Tuesday, July 11th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and issued a $41.00 price target (up previously from $40.00) on shares of eBay in a research report on Sunday, July 23rd. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.45.
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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