Tokio Marine Asset Management Co. Ltd. cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 23.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,158 shares of the e-commerce company’s stock after selling 2,847 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in eBay were worth $352,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of EBAY. Glenview Capital Management LLC raised its holdings in eBay by 442.0% during the second quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock valued at $310,995,000 after acquiring an additional 7,262,862 shares during the period. Harding Loevner LP bought a new stake in eBay during the second quarter valued at about $128,878,000. Arrowstreet Capital Limited Partnership raised its holdings in eBay by 1,077.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock valued at $131,973,000 after acquiring an additional 3,458,300 shares during the period. Janus Henderson Group PLC raised its holdings in eBay by 134.5% during the second quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock valued at $207,826,000 after acquiring an additional 3,414,163 shares during the period. Finally, Independent Franchise Partners LLP raised its holdings in eBay by 17.6% during the third quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock valued at $874,151,000 after acquiring an additional 3,406,261 shares during the period. 87.23% of the stock is currently owned by institutional investors and hedge funds.
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In other news, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 262,119 shares of the company’s stock, valued at $9,832,083.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Marie Oh Huber sold 72,417 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the sale, the senior vice president now directly owns 101,589 shares in the company, valued at $3,812,635.17. The disclosure for this sale can be found here. Insiders have sold 201,655 shares of company stock worth $7,486,428 over the last three months. Corporate insiders own 6.78% of the company’s stock.
Several equities research analysts have recently issued reports on EBAY shares. UBS AG set a $40.00 target price on eBay and gave the stock a “buy” rating in a report on Friday, July 21st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $45.00 target price on shares of eBay in a report on Tuesday, September 26th. TheStreet cut eBay from a “b-” rating to a “c+” rating in a report on Friday, July 14th. BidaskClub raised eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) set a $40.00 target price on eBay and gave the stock a “buy” rating in a report on Thursday, October 19th. 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 company. The stock currently has an average rating of “Hold” and an average target price of $38.45.
eBay Inc. (EBAY) opened at $37.50 on Friday. The stock has a market capitalization of $39,171.41, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.87 and a beta of 1.36. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $2.41 billion for 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 business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. research 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 buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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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