eBay Inc (EBAY) Holdings Lessened by OppenheimerFunds Inc.

Share on StockTwits

OppenheimerFunds Inc. trimmed its holdings in eBay Inc (NASDAQ:EBAY) by 18.5% during the second quarter, HoldingsChannel reports. The firm owned 7,529,234 shares of the e-commerce company’s stock after selling 1,704,474 shares during the period. OppenheimerFunds Inc.’s holdings in eBay were worth $273,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bbva Compass Bancshares Inc. raised its position in shares of eBay by 5.2% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 27,246 shares of the e-commerce company’s stock valued at $1,096,000 after purchasing an additional 1,338 shares in the last quarter. BKD Wealth Advisors LLC raised its position in shares of eBay by 13.7% in the 2nd quarter. BKD Wealth Advisors LLC now owns 11,193 shares of the e-commerce company’s stock valued at $406,000 after purchasing an additional 1,345 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its position in shares of eBay by 2.7% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 51,978 shares of the e-commerce company’s stock valued at $2,092,000 after purchasing an additional 1,357 shares in the last quarter. Advisors Capital Management LLC raised its position in shares of eBay by 1.8% in the 1st quarter. Advisors Capital Management LLC now owns 78,879 shares of the e-commerce company’s stock valued at $3,174,000 after purchasing an additional 1,367 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of eBay by 8.6% during the 1st quarter. D.A. Davidson & CO. now owns 18,281 shares of the e-commerce company’s stock valued at $736,000 after acquiring an additional 1,450 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

Shares of eBay stock opened at $34.13 on Thursday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $34.25 billion, a PE ratio of 20.94, a PEG ratio of 1.98 and a beta of 1.22. eBay Inc has a fifty-two week low of $32.85 and a fifty-two week high of $46.99.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.66 billion. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. equities analysts anticipate that eBay Inc will post 1.83 earnings per share for the current fiscal year.

Several research firms recently issued reports on EBAY. Royal Bank of Canada reissued a “buy” rating and set a $44.00 price target on shares of eBay in a research report on Monday. Robert W. Baird reissued a “buy” rating and set a $44.00 price target on shares of eBay in a research report on Monday. BidaskClub downgraded eBay from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. BMO Capital Markets lowered their price objective on eBay from $55.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, July 20th. Finally, ValuEngine downgraded eBay from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.23.

In other news, SVP Wendy Elizabeth Jones sold 10,516 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $33.68, for a total value of $354,178.88. Following the completion of the sale, the senior vice president now owns 21,620 shares in the company, valued at $728,161.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brian J. Doerger sold 4,811 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $34.05, for a total value of $163,814.55. Following the completion of the sale, the vice president now owns 34,644 shares of the company’s stock, valued at approximately $1,179,628.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,158 shares of company stock valued at $4,718,578. Insiders own 6.78% of the company’s stock.

eBay Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

Featured Story: Moving Average – How it Helps Investors in Stock Selection

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply