Seven Eight Capital LP increased its holdings in shares of eBay Inc (NASDAQ:EBAY) by 108.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,499 shares of the e-commerce company’s stock after buying an additional 51,181 shares during the quarter. Seven Eight Capital LP’s holdings in eBay were worth $3,252,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. CSat Investment Advisory L.P. bought a new stake in shares of eBay during the 2nd quarter worth $106,000. Valeo Financial Advisors LLC bought a new stake in shares of eBay during the 2nd quarter worth $107,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of eBay by 15,439.1% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,574 shares of the e-commerce company’s stock worth $328,000 after buying an additional 3,551 shares during the last quarter. NEXT Financial Group Inc bought a new stake in shares of eBay during the 3rd quarter worth $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in eBay by 223.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,128 shares of the e-commerce company’s stock valued at $150,000 after purchasing an additional 2,850 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.
Several research firms have commented on EBAY. Benchmark dropped their target price on eBay from $53.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 19th. Monness Crespi & Hardt dropped their target price on eBay from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, July 19th. Citigroup reiterated a “buy” rating and issued a $50.00 target price on shares of eBay in a research report on Thursday, July 19th. They noted that the move was a valuation call. Wells Fargo & Co reiterated a “buy” rating on shares of eBay in a research report on Thursday, July 19th. Finally, Guggenheim reiterated a “$37.95” rating on shares of eBay in a research report on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $45.79.
Shares of EBAY stock opened at $28.75 on Friday. The stock has a market capitalization of $28.45 billion, a PE ratio of 17.11, a P/E/G ratio of 1.64 and a beta of 1.19. 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 Inc has a 1-year low of $28.37 and a 1-year high of $46.99.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. The business’s quarterly 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. As a group, research analysts predict that eBay Inc will post 1.84 earnings per share for the current year.
In other news, SVP Wendy Elizabeth Jones sold 10,516 shares of the stock in a transaction dated 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 of the company’s stock, 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 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 directly 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 three months, insiders sold 138,158 shares of company stock valued at $4,718,578. Insiders own 6.78% of the company’s stock.
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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