Investors Sell eBay (EBAY) on Strength (EBAY)

Traders sold shares of eBay Inc (NASDAQ:EBAY) on strength during trading hours on Friday. $19.22 million flowed into the stock on the tick-up and $42.29 million flowed out of the stock on the tick-down, for a money net flow of $23.07 million out of the stock. Of all equities tracked, eBay had the 0th highest net out-flow for the day. eBay traded up $0.10 for the day and closed at $28.44

A number of brokerages have recently commented on EBAY. TheStreet lowered eBay from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Piper Jaffray Companies cut their price target on eBay from $40.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 31st. Royal Bank of Canada cut their price target on eBay from $34.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 31st. Bank of America lowered eBay from a “buy” rating to a “neutral” rating and lifted their price target for the company from $28.75 to $33.00 in a research note on Monday, October 22nd. They noted that the move was a valuation call. Finally, Guggenheim reissued a “hold” rating on shares of eBay in a research note on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.97.

The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $27.38 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.60 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Tuesday, October 30th. The e-commerce company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.65 billion. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share. On average, equities research analysts predict that eBay Inc will post 1.84 EPS for the current fiscal year.

In other eBay 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 directly owns 128,457 shares of the company’s stock, valued at $4,506,271.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brian J. Doerger sold 3,526 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $28.21, for a total value of $99,468.46. Following the completion of the transaction, the vice president now directly owns 37,664 shares in the company, valued at $1,062,501.44. The disclosure for this sale can be found here. 6.78% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Korea Investment CORP lifted its stake in eBay by 0.4% in the second quarter. Korea Investment CORP now owns 404,131 shares of the e-commerce company’s stock valued at $14,654,000 after buying an additional 1,500 shares during the period. Timber Creek Capital Management LLC increased its holdings 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 valued at $2,083,000 after acquiring an additional 1,540 shares in the last quarter. MUFG Americas Holdings Corp increased its holdings 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 valued at $542,000 after acquiring an additional 1,567 shares in the last quarter. D.A. Davidson & CO. increased its holdings 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 valued at $720,000 after acquiring an additional 1,568 shares in the last quarter. Finally, Grandfield & Dodd LLC increased its holdings in shares of eBay by 0.5% during the second quarter. Grandfield & Dodd LLC now owns 335,012 shares of the e-commerce company’s stock valued at $12,148,000 after acquiring an additional 1,635 shares in the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

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About eBay (NASDAQ: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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