Asset Management One Co. Ltd. raised its holdings in eBay Inc. (NASDAQ:EBAY) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,851,159 shares of the e-commerce company’s stock after buying an additional 141,793 shares during the quarter. Asset Management One Co. Ltd. owned 0.18% of eBay worth $70,989,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of eBay during the second quarter worth approximately $108,000. BB&T Investment Services Inc. acquired a new position in shares of eBay during the second quarter worth approximately $119,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of eBay during the second quarter worth approximately $123,000. Westside Investment Management Inc. raised 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 period. Finally, Grove Bank & Trust raised its position in shares of eBay by 455.2% during the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock worth $143,000 after purchasing an additional 3,050 shares during the period. 86.06% of the stock is currently owned by hedge funds and other institutional investors.
EBAY has been the topic of a number of research reports. Robert W. Baird reaffirmed a “buy” rating and set a $38.00 target price on shares of eBay in a research report on Monday, October 16th. Benchmark reaffirmed a “buy” rating and set a $45.00 target price (up from $40.00) on shares of eBay in a research report on Friday, September 22nd. Aegis reaffirmed a “buy” rating and set a $44.00 target price (up from $42.00) on shares of eBay in a research report on Tuesday, September 19th. DA Davidson initiated coverage on eBay in a research report on Wednesday, September 13th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Goldman Sachs Group set a $40.00 target price on eBay and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.51.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data 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 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 18.44% and a net margin of 21.71%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. equities research analysts expect that eBay Inc. will post 1.65 earnings per share for the current fiscal year.
In other eBay news, 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 completion of the transaction, the senior vice president now owns 101,589 shares in the company, valued at approximately $3,812,635.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 6,660 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $35.99, for a total value of $239,693.40. Following the completion of the transaction, the vice president now owns 16,732 shares of the company’s stock, valued at approximately $602,184.68. The disclosure for this sale can be found here. Insiders sold a total of 184,242 shares of company stock valued at $6,842,297 in the last 90 days. Corporate insiders own 6.78% of the company’s stock.
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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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