eBay Inc (EBAY) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC raised its stake in eBay Inc (NASDAQ:EBAY) by 20.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 444,912 shares of the e-commerce company’s stock after acquiring an additional 74,606 shares during the period. Penserra Capital Management LLC’s holdings in eBay were worth $14,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BKD Wealth Advisors LLC boosted its stake in shares of eBay by 13.7% during the second quarter. BKD Wealth Advisors LLC now owns 11,193 shares of the e-commerce company’s stock worth $406,000 after buying an additional 1,345 shares during the period. Korea Investment CORP boosted its stake in shares of eBay by 0.4% during the second quarter. Korea Investment CORP now owns 404,131 shares of the e-commerce company’s stock worth $14,654,000 after buying an additional 1,500 shares during the period. Timber Creek Capital Management LLC boosted its stake in shares of eBay by 2.8% during the second quarter. Timber Creek Capital Management LLC now owns 57,455 shares of the e-commerce company’s stock worth $2,083,000 after buying an additional 1,540 shares during the period. MUFG Americas Holdings Corp boosted its stake in shares of eBay by 11.7% during the second quarter. MUFG Americas Holdings Corp now owns 14,953 shares of the e-commerce company’s stock worth $542,000 after buying an additional 1,567 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of eBay by 8.6% during the second quarter. D.A. Davidson & CO. now owns 19,849 shares of the e-commerce company’s stock worth $720,000 after buying an additional 1,568 shares during the period. Institutional investors own 85.05% of the company’s stock.

Shares of eBay stock opened at $29.84 on Friday. eBay Inc has a 12-month low of $26.36 and a 12-month high of $46.99. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $28.84 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.69 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. eBay had a negative net margin of 7.93% and a positive return on equity of 23.65%. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that eBay Inc will post 1.84 earnings per share for the current year.

In other news, SVP Jae Hyun Lee sold 26,204 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $35.08, for a total transaction of $919,236.32. Following the completion of the transaction, the senior vice president now directly owns 128,457 shares of the company’s stock, valued at approximately $4,506,271.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.78% of the company’s stock.

Several research analysts recently issued reports on EBAY shares. BidaskClub raised shares of eBay from a “strong sell” rating to a “sell” rating in a report on Saturday, November 3rd. Canaccord Genuity cut their price target on shares of eBay from $40.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, October 31st. They noted that the move was a valuation call. Bank of America increased their price target on shares of eBay from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Benchmark cut their price target on shares of eBay from $50.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Finally, KeyCorp reissued an “overweight” rating and set a $43.00 price target (down from $50.00) on shares of eBay in a report on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. eBay currently has an average rating of “Hold” and a consensus price target of $40.97.

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eBay Company Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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