American Century Companies Inc. Buys 19,092 Shares of eBay Inc. (EBAY)

American Century Companies Inc. lifted its stake in eBay Inc. (NASDAQ:EBAY) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 958,487 shares of the e-commerce company’s stock after acquiring an additional 19,092 shares during the quarter. American Century Companies Inc. owned approximately 0.09% of eBay worth $36,863,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Levy Harkins & Co. Inc. increased its position in eBay by 0.9% during the second quarter. Levy Harkins & Co. Inc. now owns 171,689 shares of the e-commerce company’s stock worth $5,995,000 after buying an additional 1,525 shares during the last quarter. BKD Wealth Advisors LLC increased its position in eBay by 14.6% during the second quarter. BKD Wealth Advisors LLC now owns 12,521 shares of the e-commerce company’s stock worth $437,000 after buying an additional 1,594 shares during the last quarter. Capital One National Association increased its position in eBay by 8.9% during the second quarter. Capital One National Association now owns 7,902 shares of the e-commerce company’s stock worth $276,000 after buying an additional 647 shares during the last quarter. Waverton Investment Management Ltd increased its position in eBay by 13.7% during the second quarter. Waverton Investment Management Ltd now owns 20,929 shares of the e-commerce company’s stock worth $731,000 after buying an additional 2,529 shares during the last quarter. Finally, Private Trust Co. NA increased its position in eBay by 20.3% during the second quarter. Private Trust Co. NA now owns 16,474 shares of the e-commerce company’s stock worth $575,000 after buying an additional 2,783 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

In other eBay news, SVP Marie Oh Huber sold 72,417 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $37.53, for a total value of $2,717,810.01. Following the completion of the sale, the senior vice president now owns 101,589 shares in the company, valued at approximately $3,812,635.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $37.51, for a total transaction of $937,750.00. Following the completion of the sale, the director now owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 166,823 shares of company stock worth $6,267,308. 6.78% of the stock is owned by insiders.

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A number of brokerages have weighed in on EBAY. Guggenheim began coverage on eBay in a research report on Friday, October 20th. They set a “neutral” rating on the stock. Benchmark Co. reissued a “buy” rating and set a $45.00 price target on shares of eBay in a research report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) set a $40.00 price objective on eBay and gave the stock a “buy” rating in a report on Thursday, October 19th. J P Morgan Chase & Co set a $38.00 price objective on eBay and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Stifel Nicolaus set a $37.00 price objective on eBay and gave the stock a “neutral” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have assigned a buy rating to the stock. eBay presently has an average rating of “Hold” and an average price target of $38.45.

eBay Inc. (NASDAQ:EBAY) opened at $35.85 on Tuesday. The stock has a market cap of $37,573.22, a PE ratio of 22.48, a PEG ratio of 2.76 and a beta of 1.36. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. eBay Inc. has a 1 year low of $27.28 and a 1 year high of $39.28.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. research analysts forecast that eBay Inc. will post 1.65 earnings per share for the current fiscal year.

eBay announced that its board has approved a stock buyback plan on Thursday, July 20th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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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