Columbia Asset Management trimmed its position in eBay Inc. (NASDAQ:EBAY) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,457 shares of the e-commerce company’s stock after selling 500 shares during the period. Columbia Asset Management’s holdings in eBay were worth $1,133,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of EBAY. Westside Investment Management Inc. increased its position in eBay by 284.0% in the 1st quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares in the last quarter. FNY Partners Fund LP increased its position in eBay by 660.0% in the 1st quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares in the last quarter. Parallel Advisors LLC increased its position in eBay by 25.5% in the 1st quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock valued at $140,000 after buying an additional 858 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in eBay by 100.5% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after buying an additional 2,230 shares in the last quarter. Finally, First Personal Financial Services increased its position in eBay by 611.8% in the 1st quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock valued at $164,000 after buying an additional 4,197 shares in the last quarter. 84.90% of the stock is owned by institutional investors and hedge funds.
eBay Inc. (NASDAQ:EBAY) traded down 0.58% on Friday, reaching $37.79. The company had a trading volume of 9,075,887 shares. The stock’s 50 day moving average price is $35.76 and its 200-day moving average price is $34.61. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $38.30. The stock has a market capitalization of $40.45 billion, a PE ratio of 5.67 and a beta of 1.34.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. Equities analysts expect that eBay Inc. will post $2.00 earnings per share for the current fiscal year.
eBay announced that its board has authorized a share repurchase program on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of analysts recently commented on EBAY shares. Benchmark Co. boosted their target price on eBay from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, July 19th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $41.00 target price (up from $40.00) on shares of eBay in a research report on Sunday, July 23rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $28.00 target price on shares of eBay in a research report on Saturday, July 22nd. Robert W. Baird reissued an “outperform” rating and set a $38.00 price objective on shares of eBay in a report on Thursday, July 13th. Finally, Credit Suisse Group set a $44.00 price objective on eBay and gave the stock a “buy” rating in a report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the company. eBay currently has a consensus rating of “Hold” and a consensus price target of $37.05.
In other eBay news, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction 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 sale, the vice president now owns 24,001 shares in the company, valued at approximately $877,476.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of the business’s stock in a transaction 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 in the company, valued at approximately $2,907,030. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,238 shares of company stock worth $2,501,547. Corporate insiders own 6.78% of the company’s stock.
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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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