Columbus Circle Investors lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 55.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,395 shares of the e-commerce company’s stock after selling 52,588 shares during the quarter. Columbus Circle Investors’ holdings in eBay were worth $1,631,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new stake in shares of eBay during the second quarter worth about $108,000. BB&T Investment Services Inc. purchased a new position in eBay during the 2nd quarter valued at approximately $119,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in eBay during the 2nd quarter valued at approximately $123,000. Westside Investment Management Inc. grew its holdings in eBay by 1.7% during the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 60 shares in the last quarter. Finally, GWM Advisors LLC purchased a new position in eBay during the 2nd quarter valued at approximately $157,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.
Shares of eBay Inc. (NASDAQ EBAY) opened at $35.96 on Wednesday. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $39.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. The company has a market capitalization of $37,113.61, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.72 and a beta of 1.36.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. equities analysts forecast that eBay Inc. will post 1.65 earnings per share for the current year.
EBAY has been the subject of several research analyst reports. Benchmark Co. restated a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of eBay in a report on Friday, September 22nd. Aegis restated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of eBay in a report on Tuesday, September 19th. DA Davidson initiated coverage on eBay in a report on Wednesday, September 13th. They set a “buy” rating and a $45.00 price target for the company. BidaskClub cut eBay from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Robert W. Baird restated a “buy” rating and set a $38.00 price target on shares of eBay in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.45.
In other eBay news, VP Brian J. Doerger sold 4,359 shares of eBay stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the sale, the vice president now owns 23,392 shares of the company’s stock, valued at approximately $836,264. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 69,406 shares of eBay stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $37.63, for a total value of $2,611,747.78. Following the sale, the senior vice president now directly owns 144,047 shares of the company’s stock, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 202,582 shares of company stock valued at $7,540,354. 6.78% of the stock is currently owned by insiders.
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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