Camarda Financial Advisors LLC Sells 2,200 Shares of eBay Inc. (EBAY)

Camarda Financial Advisors LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 11.7% during the second quarter, Holdings Channel reports. The fund owned 16,649 shares of the e-commerce company’s stock after selling 2,200 shares during the period. Camarda Financial Advisors LLC’s holdings in eBay were worth $581,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. increased its position in eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares during the last quarter. FNY Partners Fund LP increased its position in eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares during the last quarter. Parallel Advisors LLC increased its position in eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after buying an additional 858 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares during the last quarter. Finally, First Personal Financial Services increased its position in eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock worth $164,000 after buying an additional 4,197 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

Shares of eBay Inc. (EBAY) opened at 36.61 on Friday. The firm has a 50-day moving average of $35.28 and a 200-day moving average of $33.60. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $37.48. The firm has a market capitalization of $39.62 billion, a PE ratio of 5.27 and a beta of 1.36.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 18.32%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. On average, equities research analysts anticipate that eBay Inc. will post $2.01 EPS for the current fiscal year.

eBay declared that its Board of Directors has authorized a stock repurchase program on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

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A number of research analysts have recently issued reports on the stock. J P Morgan Chase & Co set a $38.00 price target on shares of eBay and gave the stock a “neutral” rating in a research report on Friday. Stifel Nicolaus set a $36.00 price target on shares of eBay and gave the stock a “neutral” rating in a research report on Friday. Canaccord Genuity raised their price target on shares of eBay from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Citigroup Inc. restated a “buy” rating and issued a $43.00 price target (up from $42.00) on shares of eBay in a research report on Friday. Finally, BMO Capital Markets restated a “market perform” rating and issued a $36.00 price target on shares of eBay in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $36.77.

In other news, VP Brian J. Doerger sold 2,903 shares of the firm’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 approximately $1,047,211.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen Fisher sold 33,008 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the transaction, the senior vice president now directly owns 109,468 shares of the company’s stock, valued at $3,541,289.80. The disclosure for this sale can be found here. Insiders have sold a total of 85,712 shares of company stock valued at $2,877,612 over the last ninety days. Company insiders own 6.78% of the company’s stock.

eBay Company Profile

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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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