eBay Inc. (EBAY) Shares Sold by Probity Advisors Inc.

Probity Advisors Inc. lowered its position in eBay Inc. (NASDAQ:EBAY) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,041 shares of the e-commerce company’s stock after selling 119 shares during the period. Probity Advisors Inc.’s holdings in eBay were worth $270,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. increased its stake in shares of eBay by 9.7% in the fourth quarter. Bessemer Group Inc. now owns 12,740 shares of the e-commerce company’s stock valued at $378,000 after buying an additional 1,129 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of eBay by 13.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 28,608 shares of the e-commerce company’s stock valued at $849,000 after buying an additional 3,466 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of eBay by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,548,542 shares of the e-commerce company’s stock valued at $75,672,000 after buying an additional 92,733 shares during the period. Rafferty Asset Management LLC increased its stake in shares of eBay by 227.9% in the fourth quarter. Rafferty Asset Management LLC now owns 75,785 shares of the e-commerce company’s stock valued at $2,250,000 after buying an additional 52,676 shares during the period. Finally, J. Goldman & Co LP bought a new stake in shares of eBay during the fourth quarter valued at about $632,000. Institutional investors and hedge funds own 84.97% of the company’s stock.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

eBay Inc. (EBAY) traded down 0.26% during midday trading on Thursday, reaching $34.87. 490,462 shares of the company’s stock traded hands. The firm has a market cap of $37.74 billion, a PE ratio of 5.02 and a beta of 1.37. The firm’s 50-day moving average is $34.41 and its 200 day moving average is $32.74. eBay Inc. has a 52-week low of $22.30 and a 52-week high of $36.50. eBay also was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 568 put options on the stock. This is an increase of 212% compared to the typical volume of 182 put options.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. eBay had a net margin of 86.31% and a return on equity of 20.44%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that eBay Inc. will post $2.01 earnings per share for the current fiscal year.

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Several equities research analysts have issued reports on the stock. Canaccord Genuity restated a “hold” rating and set a $32.00 price objective (up from $31.00) on shares of eBay in a research report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $39.00 price objective (up from $38.00) on shares of eBay in a research report on Thursday, April 20th. Robert W. Baird restated an “outperform” rating and set a $38.00 price objective on shares of eBay in a research report on Monday, June 12th. Atlantic Securities restated a “neutral” rating and set a $36.00 price objective on shares of eBay in a research report on Wednesday, May 31st. Finally, Vetr upgraded shares of eBay from a “hold” rating to a “buy” rating and set a $37.30 price objective for the company in a research report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.56.

In other news, VP Brian J. Doerger sold 2,903 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $34.11, for a total transaction of $99,021.33. Following the completion of the transaction, the vice president now directly owns 30,701 shares of the company’s stock, valued at $1,047,211.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 12,904 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $33.57, for a total transaction of $433,187.28. Following the transaction, the vice president now directly owns 33,604 shares of the company’s stock, valued at $1,128,086.28. The disclosure for this sale can be found here. Insiders have sold 85,712 shares of company stock valued at $2,877,612 over the last three months. 6.78% of the stock is owned by corporate insiders.

About eBay

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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