eBay Inc. (EBAY) Stake Decreased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,177,100 shares of the e-commerce company’s stock after selling 68,331 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.30% of eBay worth $122,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of eBay during the third quarter worth approximately $139,000. Public Employees Retirement System of Ohio grew its position in shares of eBay by 2.0% during the third quarter. Public Employees Retirement System of Ohio now owns 709,085 shares of the e-commerce company’s stock worth $27,271,000 after buying an additional 13,906 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of eBay by 26.8% during the third quarter. GSA Capital Partners LLP now owns 16,372 shares of the e-commerce company’s stock worth $630,000 after buying an additional 3,456 shares in the last quarter. Gofen & Glossberg LLC IL acquired a new stake in shares of eBay during the third quarter worth approximately $204,000. Finally, Wunderlich Capital Managemnt grew its position in shares of eBay by 28.5% during the third quarter. Wunderlich Capital Managemnt now owns 26,294 shares of the e-commerce company’s stock worth $1,011,000 after buying an additional 5,828 shares in the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

In other news, VP Brian J. Doerger sold 4,359 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the transaction, the vice president now owns 23,392 shares of the company’s stock, valued at $836,264. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 69,406 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the transaction, 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 three months, insiders have sold 184,242 shares of company stock valued at $6,842,297. Corporate insiders own 6.78% of the company’s stock.

A number of analysts have recently weighed in on EBAY shares. Robert W. Baird reissued a “buy” rating and set a $38.00 price target on shares of eBay in a research report on Monday, October 16th. Benchmark reissued a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of eBay in a research report on Friday, September 22nd. Aegis reissued a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of eBay in a research report on Tuesday, September 19th. DA Davidson started coverage on shares of eBay in a research report on Wednesday, September 13th. They set a “buy” rating and a $45.00 price target for the company. Finally, Goldman Sachs Group set a $40.00 price target on shares of eBay and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $38.51.

eBay Inc. (NASDAQ EBAY) opened at $38.37 on Friday. eBay Inc. has a 1-year low of $29.01 and a 1-year high of $39.28. The stock has a market cap of $40,900.00, a price-to-earnings ratio of 23.38, a PEG ratio of 2.87 and a beta of 1.34. 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 (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. sell-side analysts expect that eBay Inc. will post 1.65 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://sportsperspectives.com/2017/12/16/ebay-inc-ebay-stake-decreased-by-parametric-portfolio-associates-llc.html.

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.

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply