eBay Inc (EBAY) Shares Bought by Exane Asset Management

Exane Asset Management lifted its holdings in eBay Inc (NASDAQ:EBAY) by 418.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,436 shares of the e-commerce company’s stock after buying an additional 4,388 shares during the period. Exane Asset Management’s holdings in eBay were worth $197,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CSat Investment Advisory L.P. bought a new position in shares of eBay in the 2nd quarter worth about $106,000. Valeo Financial Advisors LLC bought a new stake in eBay in the 2nd quarter valued at about $107,000. Archford Capital Strategies LLC bought a new stake in eBay in the 1st quarter valued at about $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in eBay by 506.3% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,910 shares of the e-commerce company’s stock valued at $117,000 after buying an additional 2,430 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in eBay by 223.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,128 shares of the e-commerce company’s stock valued at $150,000 after buying an additional 2,850 shares in the last quarter. 84.77% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Jae Hyun Lee sold 26,204 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total value of $919,236.32. Following the transaction, the senior vice president now owns 128,457 shares in the company, valued at approximately $4,506,271.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Brian J. Doerger sold 4,811 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $34.05, for a total value of $163,814.55. Following the completion of the transaction, the vice president now owns 34,644 shares in the company, valued at approximately $1,179,628.20. The disclosure for this sale can be found here. Insiders have sold a total of 138,158 shares of company stock valued at $4,718,578 in the last quarter. Company insiders own 6.78% of the company’s stock.

EBAY has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their target price on eBay from $44.00 to $43.00 and set a “hold” rating for the company in a research report on Thursday, July 19th. Mizuho decreased their target price on eBay to $36.00 and set an “underperform” rating for the company in a research report on Thursday, July 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $44.00 target price on shares of eBay in a research report on Monday, September 3rd. TheStreet raised eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, September 12th. Finally, Credit Suisse Group decreased their target price on eBay from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, July 16th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.90.

EBAY stock opened at $34.24 on Friday. The stock has a market cap of $33.86 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.37. eBay Inc has a 52-week low of $32.85 and a 52-week high of $46.99.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.66 billion. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. analysts forecast that eBay Inc will post 1.83 EPS for the current year.

About eBay

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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