American Financial Group Inc. continued to hold its position in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 58,000 shares of the e-commerce company’s stock at the end of the second quarter. American Financial Group Inc.’s holdings in eBay were worth $2,025,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Bank of The West bought a new stake in eBay during the first quarter valued at approximately $213,000. Hudson Valley Investment Advisors Inc. ADV boosted its stake in eBay by 0.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,473 shares of the e-commerce company’s stock valued at $519,000 after buying an additional 50 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in eBay by 18.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 110,416 shares of the e-commerce company’s stock valued at $3,707,000 after buying an additional 17,049 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in eBay by 1.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 28,323 shares of the e-commerce company’s stock valued at $889,000 after buying an additional 365 shares in the last quarter. Finally, Waldron LP bought a new stake in eBay during the first quarter valued at approximately $210,000. 85.71% of the stock is owned by institutional investors.
eBay Inc. (NASDAQ EBAY) opened at 34.78 on Monday. The company has a market cap of $37.23 billion, a P/E ratio of 5.22 and a beta of 1.36. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $37.48. The company has a 50-day moving average of $35.77 and a 200 day moving average of $34.33.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that eBay Inc. will post $2.00 EPS for the current fiscal year.
eBay announced that its Board of Directors has authorized a share buyback program on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
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EBAY has been the topic of several research reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $36.00 price objective on shares of eBay in a research report on Tuesday, May 2nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of eBay in a research report on Tuesday, May 9th. ValuEngine cut shares of eBay from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Vetr raised shares of eBay from a “buy” rating to a “strong-buy” rating and set a $38.72 price objective on the stock in a research report on Thursday, May 18th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $32.00 price objective on shares of eBay in a research report on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have given a buy rating to the company’s stock. eBay presently has an average rating of “Hold” and a consensus price target of $37.05.
In other news, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the sale, the vice president now directly owns 24,001 shares in the company, valued at approximately $877,476.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Harry A. Lawton III sold 34,832 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the completion of the sale, the senior vice president now owns 83,058 shares of the company’s stock, valued at $2,907,030. The disclosure for this sale can be found here. In the last three months, insiders sold 95,238 shares of company stock valued at $3,376,547. Corporate 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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