Royal London Asset Management Ltd. acquired a new stake in shares of eBay Inc (NASDAQ:EBAY) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 699,277 shares of the e-commerce company’s stock, valued at approximately $25,359,000. Royal London Asset Management Ltd. owned 0.07% of eBay at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of eBay by 506.3% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,910 shares of the e-commerce company’s stock valued at $117,000 after purchasing an additional 2,430 shares during the period. CSat Investment Advisory L.P. acquired a new position in shares of eBay in the 2nd quarter valued at $106,000. Archford Capital Strategies LLC acquired a new position in shares of eBay in the 1st quarter valued at $116,000. Valeo Financial Advisors LLC acquired a new position in shares of eBay in the 2nd quarter valued at $107,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of eBay by 15,439.1% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,574 shares of the e-commerce company’s stock valued at $328,000 after purchasing an additional 3,551 shares during the period. Institutional investors and hedge funds own 84.77% of the company’s stock.
eBay stock opened at $34.24 on Friday. eBay Inc has a 52-week low of $32.85 and a 52-week high of $46.99. The firm has a market cap of $33.86 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.29.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. eBay had a negative net margin of 10.05% and a positive return on equity of 20.57%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities research analysts anticipate that eBay Inc will post 1.83 EPS for the current fiscal year.
In related news, VP Brian J. Doerger sold 4,811 shares of the company’s stock in a transaction dated 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 $1,179,628.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Wendy Elizabeth Jones sold 10,516 shares of the company’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $33.68, for a total transaction of $354,178.88. Following the completion of the sale, the senior vice president now directly owns 21,620 shares of the company’s stock, valued at approximately $728,161.60. The disclosure for this sale can be found here. Insiders sold 138,158 shares of company stock valued at $4,718,578 in the last three months. 6.78% of the stock is currently owned by insiders.
A number of equities analysts have weighed in on the stock. TheStreet upgraded shares of eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, September 12th. Credit Suisse Group reduced their price objective on shares of eBay from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, July 16th. Bank of America reduced their price objective on shares of eBay from $49.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, July 13th. ValuEngine cut shares of eBay from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, Raymond James cut shares of eBay from a “strong-buy” rating to an “outperform” rating and set a $51.00 price objective for the company. in a research report on Thursday, July 19th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.90.
eBay Company 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.
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