Chicago Equity Partners LLC Takes $283,000 Position in eBay Inc. (EBAY)

Chicago Equity Partners LLC bought a new stake in eBay Inc. (NASDAQ:EBAY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,360 shares of the e-commerce company’s stock, valued at approximately $283,000.

Several other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. raised its stake in shares of eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after acquiring an additional 60 shares during the period. Usca Ria LLC raised its stake in shares of eBay by 1.3% in the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock valued at $277,000 after acquiring an additional 100 shares during the period. CENTRAL TRUST Co raised its stake in shares of eBay by 1.2% in the 2nd quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock valued at $337,000 after acquiring an additional 110 shares during the period. Boston Private Wealth LLC raised its stake in shares of eBay by 0.7% in the 2nd quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock valued at $575,000 after acquiring an additional 111 shares during the period. Finally, Security National Trust Co. raised its stake in shares of eBay by 0.9% in the 2nd quarter. Security National Trust Co. now owns 13,275 shares of the e-commerce company’s stock valued at $464,000 after acquiring an additional 120 shares during the period. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of eBay Inc. (EBAY) opened at $35.58 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82. eBay Inc. has a fifty-two week low of $27.28 and a fifty-two week high of $39.28. The company has a market cap of $37,165.84, a P/E ratio of 22.24, a P/E/G ratio of 2.73 and a beta of 1.36.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $2.37 billion. During the same period in the previous year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. analysts predict that eBay Inc. will post 1.65 earnings per share for the current fiscal year.

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In other news, VP Brian J. Doerger sold 4,359 shares of eBay stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $35.75, for a total value of $155,834.25. Following the transaction, the vice president now directly owns 23,392 shares of the company’s stock, valued at $836,264. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Marie Oh Huber sold 72,417 shares of eBay stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the completion of the transaction, the senior vice president now directly owns 101,589 shares in the company, valued at $3,812,635.17. The disclosure for this sale can be found here. Insiders sold a total of 171,182 shares of company stock worth $6,423,142 over the last quarter. Insiders own 6.78% of the company’s stock.

EBAY has been the topic of a number of research reports. BidaskClub downgraded shares of eBay from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. DA Davidson initiated coverage on shares of eBay in a research note on Wednesday, September 13th. They issued a “buy” rating and a $45.00 target price on the stock. Aegis reissued a “buy” rating and issued a $44.00 target price (up previously from $42.00) on shares of eBay in a research note on Tuesday, September 19th. Benchmark Co. reissued a “buy” rating and issued a $45.00 target price (up previously from $40.00) on shares of eBay in a research note on Friday, September 22nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $38.00 target price on shares of eBay in a research note on Monday, October 16th. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.45.

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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