Artemis Investment Management LLP bought a new position in shares of eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 190,944 shares of the e-commerce company’s stock, valued at approximately $7,343,000.
Other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in shares of eBay during the second quarter worth $108,000. BB&T Investment Services Inc. bought a new stake in shares of eBay during the second quarter worth $119,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of eBay during the second quarter worth $123,000. Westside Investment Management Inc. lifted its position in shares of eBay by 1.7% during the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after purchasing an additional 60 shares during the last quarter. Finally, FNY Partners Fund LP lifted its position in shares of eBay by 660.0% during the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after purchasing an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 87.23% of the company’s stock.
In related news, SVP Marie Oh Huber sold 72,417 shares of the firm’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $37.51, for a total transaction of $937,750.00. Following the completion of the sale, the director now directly owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,655 shares of company stock valued at $7,486,428. Company insiders own 6.78% of the company’s stock.
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Shares of eBay Inc. (NASDAQ:EBAY) traded down $0.04 on Friday, hitting $37.50. The company had a trading volume of 5,708,840 shares, compared to its average volume of 10,175,546. The stock has a market capitalization of $39.07 billion, a PE ratio of 23.38, a PEG ratio of 2.87 and a beta of 1.36. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.45 earnings per share. equities analysts predict that eBay Inc. will post 1.65 EPS for the current fiscal year.
eBay announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Several research firms have recently weighed in on EBAY. Atlantic Securities set a $40.00 target price on eBay and gave the stock a “neutral” rating in a research report on Thursday, October 19th. BidaskClub downgraded eBay from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Mizuho reiterated an “underperform” rating and set a $34.00 target price on shares of eBay in a research report on Monday, August 7th. SunTrust Banks, Inc. started coverage on eBay in a research report on Tuesday, August 15th. They set a “hold” rating and a $38.00 target price for the company. Finally, Stifel Nicolaus set a $37.00 price target on eBay and gave the company a “neutral” rating in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average 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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