Jasper Ridge Partners L.P. Holds Position in eBay Inc. (EBAY)

Jasper Ridge Partners L.P. continued to hold its position in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 127,024 shares of the e-commerce company’s stock at the end of the second quarter. Jasper Ridge Partners L.P.’s holdings in eBay were worth $4,436,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Trust Co. of Vermont lifted its holdings in eBay by 0.3% during the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock worth $483,000 after buying an additional 40 shares during the last quarter. Buckingham Asset Management LLC lifted its holdings in eBay by 1.4% during the 1st quarter. Buckingham Asset Management LLC now owns 6,997 shares of the e-commerce company’s stock worth $235,000 after buying an additional 100 shares during the last quarter. Usca Ria LLC lifted its holdings in eBay by 1.3% during the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock worth $277,000 after buying an additional 100 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in eBay by 1.2% during the 2nd quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock worth $337,000 after buying an additional 110 shares during the last quarter. Finally, Boston Private Wealth LLC lifted its holdings in eBay by 0.7% during the 2nd quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock worth $575,000 after buying an additional 111 shares during the last quarter. 84.91% of the stock is currently owned by institutional investors.

eBay Inc. (NASDAQ:EBAY) traded up 0.90% during mid-day trading on Monday, reaching $38.13. The company had a trading volume of 2,034,079 shares. eBay Inc. has a 12 month low of $27.28 and a 12 month high of $38.30. The stock has a market cap of $40.81 billion, a PE ratio of 5.72 and a beta of 1.34. The firm’s 50-day moving average price is $35.74 and its 200-day moving average price is $34.62.

eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Equities research analysts forecast that eBay Inc. will post $2.00 EPS for the current fiscal year.

eBay declared that its board has initiated a share buyback program on Thursday, July 20th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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In other eBay news, SVP Harry A. Lawton III sold 34,832 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 83,058 shares in the company, valued at approximately $2,907,030. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total value of $382,052.00. Following the transaction, the vice president now owns 24,001 shares of the company’s stock, valued at approximately $877,476.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,238 shares of company stock valued at $2,501,547. Corporate insiders own 6.78% of the company’s stock.

A number of research analysts have commented on the company. Canaccord Genuity reaffirmed a “hold” rating and set a $34.00 target price on shares of eBay in a report on Wednesday, September 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $38.00 target price on shares of eBay in a report on Sunday, August 20th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of eBay in a report on Friday, August 18th. SunTrust Banks, Inc. assumed coverage on eBay in a report on Tuesday, August 15th. They set a “hold” rating and a $38.00 target price on the stock. Finally, Mizuho reaffirmed an “underperform” rating and set a $34.00 target price on shares of eBay in a report on Monday, August 7th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have given a buy rating to the company’s stock. eBay currently has an average rating of “Hold” and a consensus target price of $37.05.

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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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