American International Group Inc. Has $13.08 Million Holdings in eBay Inc (EBAY)

American International Group Inc. boosted its stake in eBay Inc (NASDAQ:EBAY) by 5.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 396,201 shares of the e-commerce company’s stock after acquiring an additional 20,788 shares during the quarter. American International Group Inc.’s holdings in eBay were worth $13,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. CSat Investment Advisory L.P. purchased a new stake in shares of eBay in the 2nd quarter valued at about $106,000. Valeo Financial Advisors LLC purchased a new stake in shares of eBay in the 2nd quarter valued at about $107,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of eBay by 15,439.1% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,574 shares of the e-commerce company’s stock valued at $328,000 after acquiring an additional 3,551 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in shares of eBay in the 3rd quarter valued at about $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of 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 acquiring an additional 2,850 shares in the last quarter. Institutional investors and hedge funds own 85.48% of the company’s stock.

Shares of NASDAQ EBAY opened at $28.44 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $27.38 billion, a P/E ratio of 17.45, a PEG ratio of 1.60 and a beta of 1.32. eBay Inc has a 1-year low of $26.36 and a 1-year high of $46.99.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results 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 business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.65 billion. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The business’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 EPS. As a group, equities analysts expect that eBay Inc will post 1.84 earnings per share for the current year.

Several analysts have weighed in on EBAY shares. TheStreet raised eBay from a “c+” rating to a “b-” rating in a report on Wednesday, September 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $41.00 price target on shares of eBay in a report on Wednesday, October 17th. Benchmark reaffirmed a “buy” rating and issued a $50.00 price target on shares of eBay in a report on Tuesday, October 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $44.00 price target on shares of eBay in a report on Monday, September 3rd. Finally, Aegis reaffirmed a “buy” rating and issued a $44.00 price target on shares of eBay in a report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have given a buy rating to the stock. eBay has a consensus rating of “Hold” and a consensus target price of $40.97.

In other eBay news, VP Brian J. Doerger sold 3,526 shares of eBay stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total value of $99,468.46. Following the transaction, the vice president now directly owns 37,664 shares of the company’s stock, valued at approximately $1,062,501.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jae Hyun Lee sold 26,204 shares of eBay 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 completion of the transaction, the senior vice president now directly owns 128,457 shares in the company, valued at $4,506,271.56. The disclosure for this sale can be found here. 6.78% of the stock is owned by insiders.

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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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