Markston International LLC Trims Stake in eBay Inc (EBAY)

Markston International LLC trimmed its stake in shares of eBay Inc (NASDAQ:EBAY) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,651 shares of the e-commerce company’s stock after selling 4,250 shares during the period. Markston International LLC’s holdings in eBay were worth $4,512,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its stake in eBay by 0.4% in the 2nd quarter. BlackRock Inc. now owns 60,262,860 shares of the e-commerce company’s stock worth $2,185,132,000 after acquiring an additional 214,189 shares during the period. Massachusetts Financial Services Co. MA grew its stake in eBay by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,411,959 shares of the e-commerce company’s stock worth $409,843,000 after acquiring an additional 344,897 shares during the period. Bank of New York Mellon Corp grew 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 acquiring an additional 4,036,288 shares during the period. First Trust Advisors LP grew 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 acquiring an additional 1,245,198 shares during the period. Finally, Lindsell Train Ltd grew 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 acquiring an additional 1,687,500 shares during the period. Institutional investors own 85.05% of the company’s stock.

Shares of eBay stock opened at $29.86 on Thursday. The stock has a market capitalization of $28.84 billion, a PE ratio of 18.32, a P/E/G ratio of 1.69 and a beta of 1.32. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.11. eBay Inc has a 1 year low of $26.36 and a 1 year high of $46.99.

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 analysts’ consensus estimates of $0.54 by $0.02. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.65 billion. eBay had a negative net margin of 7.93% and a positive return on equity of 23.65%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. Sell-side analysts forecast that eBay Inc will post 1.84 earnings per share for the current year.

In other news, SVP Jae Hyun Lee sold 47,739 shares of the company’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 sale, the senior vice president now owns 73,700 shares in the company, valued at approximately $2,516,855. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.78% of the company’s stock.

Several research firms have commented on EBAY. Guggenheim reaffirmed a “$37.95” rating on shares of eBay in a research note on Wednesday, July 18th. UBS Group lowered their price objective on shares of eBay from $47.00 to $44.00 and set a “$34.11” rating for the company in a research note on Thursday, July 19th. Canaccord Genuity lowered their price objective on shares of eBay from $43.00 to $40.00 and set a “hold” rating for the company in a research note on Thursday, July 19th. TheStreet cut shares of eBay from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Finally, DA Davidson reduced their target price on shares of eBay to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 19th. They noted that the move was a valuation call. 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 has a consensus rating of “Hold” and an average price target of $40.97.

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eBay 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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