Argent Trust Co Has $481,000 Stake in eBay Inc. (EBAY)

Argent Trust Co trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,493 shares of the e-commerce company’s stock after selling 1,404 shares during the quarter. Argent Trust Co’s holdings in eBay were worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in eBay by 1.7% during the 2nd 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 period. Independent Franchise Partners LLP lifted its position in eBay by 17.6% during the 3rd quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock worth $874,151,000 after acquiring an additional 3,406,261 shares during the period. Nordea Investment Management AB lifted its position in eBay by 20.4% during the 3rd quarter. Nordea Investment Management AB now owns 18,407,787 shares of the e-commerce company’s stock worth $707,963,000 after acquiring an additional 3,118,453 shares during the period. Alliancebernstein L.P. lifted its position in eBay by 3.9% during the 2nd quarter. Alliancebernstein L.P. now owns 11,265,977 shares of the e-commerce company’s stock worth $393,408,000 after acquiring an additional 424,557 shares during the period. Finally, Glenview Capital Management LLC lifted its position in eBay by 442.0% during the 2nd quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock worth $310,995,000 after acquiring an additional 7,262,862 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Shares of eBay Inc. (NASDAQ EBAY) opened at $35.20 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. The stock has a market capitalization of $36,768.90, a P/E ratio of 22.00, a PEG ratio of 2.70 and a beta of 1.34. eBay Inc. has a 52-week low of $27.69 and a 52-week high of $39.28.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. eBay had a return on equity of 15.69% and a net margin of 80.45%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. sell-side analysts predict that eBay Inc. will post 1.65 EPS for the current fiscal year.

In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the transaction, the director now directly owns 262,119 shares in the company, valued at $9,832,083.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Oh Huber sold 72,417 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $37.53, for a total value of $2,717,810.01. Following the transaction, the senior vice president now owns 101,589 shares in the company, valued at $3,812,635.17. The disclosure for this sale can be found here. Insiders sold 209,242 shares of company stock valued at $7,780,047 over the last quarter. 6.78% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on EBAY. SunTrust Banks reissued a “hold” rating and issued a $38.00 price objective on shares of eBay in a report on Friday, November 17th. Guggenheim began coverage on eBay in a report on Friday, October 20th. They issued a “neutral” rating for the company. Benchmark reissued a “buy” rating and issued a $45.00 price objective on shares of eBay in a report on Thursday, October 19th. Goldman Sachs Group set a $40.00 price objective on eBay and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, J P Morgan Chase & Co set a $38.00 price objective on eBay and gave the company a “neutral” rating in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have assigned a buy rating to the stock. eBay presently has a consensus rating of “Hold” and an average price target of $38.45.

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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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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