Flossbach Von Storch AG boosted its stake in eBay Inc (NASDAQ:EBAY) by 104.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,290 shares of the e-commerce company’s stock after purchasing an additional 18,000 shares during the quarter. Flossbach Von Storch AG’s holdings in eBay were worth $1,165,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in EBAY. Bank of New York Mellon Corp lifted its stake in eBay by 49.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,182,128 shares of the e-commerce company’s stock worth $441,723,000 after purchasing an additional 4,036,288 shares in the last quarter. Unigestion Holding SA purchased a new stake in eBay in the 2nd quarter worth $96,013,000. Lindsell Train Ltd lifted its stake in eBay by 27.4% in the 3rd quarter. Lindsell Train Ltd now owns 7,844,900 shares of the e-commerce company’s stock worth $259,039,000 after purchasing an additional 1,687,500 shares in the last quarter. First Trust Advisors LP lifted its stake in eBay by 15.1% in the 3rd quarter. First Trust Advisors LP now owns 9,476,950 shares of the e-commerce company’s stock worth $312,929,000 after purchasing an additional 1,245,198 shares in the last quarter. Finally, First Manhattan Co. lifted its stake in eBay by 120.1% in the 2nd quarter. First Manhattan Co. now owns 2,258,336 shares of the e-commerce company’s stock worth $81,887,000 after purchasing an additional 1,232,099 shares in the last quarter. Institutional investors and hedge funds own 85.05% of the company’s stock.
A number of analysts have recently weighed in on the stock. TheStreet upgraded shares of eBay from a “c+” rating to a “b-” rating in a report on Wednesday, September 12th. BidaskClub downgraded shares of eBay from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 25th. Wedbush restated a “neutral” rating and issued a $36.00 target price on shares of eBay in a report on Thursday, September 13th. Robert W. Baird restated a “buy” rating and issued a $44.00 target price on shares of eBay in a report on Monday, September 3rd. Finally, Credit Suisse Group reduced their target price on shares of eBay from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, July 16th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.97.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. eBay had a negative net margin of 7.93% and a positive return on equity of 23.65%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. On average, equities analysts forecast that eBay Inc will post 1.84 EPS for the current year.
In other eBay news, SVP Jae Hyun Lee sold 47,739 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $34.15, for a total value of $1,630,286.85. Following the completion of the sale, the senior vice president now directly owns 73,700 shares of the company’s stock, valued at approximately $2,516,855. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Brian J. Doerger sold 4,811 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $34.05, for a total transaction of $163,814.55. Following the completion of the sale, the vice president now directly owns 34,644 shares of the company’s stock, valued at $1,179,628.20. The disclosure for this sale can be found here. Insiders have sold a total of 78,754 shares of company stock worth $2,713,338 over the last quarter. 6.22% of the stock is currently owned by insiders.
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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