Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of eBay Inc (NASDAQ:EBAY) by 8.9% during the first quarter, Holdings Channel reports. The fund owned 693,512 shares of the e-commerce company’s stock after selling 67,729 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in eBay were worth $23,281,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Physicians Financial Services Inc. boosted its position in eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock valued at $108,000 after buying an additional 300 shares during the period. Parallel Advisors LLC acquired a new position in eBay during the fourth quarter valued at about $100,000. SRS Capital Advisors Inc. acquired a new position in eBay during the fourth quarter valued at about $149,000. Tuttle Tactical Management LLC acquired a new position in eBay during the third quarter valued at about $166,000. Finally, Capital Guardian Trust Co. boosted its position in eBay by 62.9% in the fourth quarter. Capital Guardian Trust Co. now owns 5,475 shares of the e-commerce company’s stock valued at $163,000 after buying an additional 2,114 shares during the period. Hedge funds and other institutional investors own 85.86% of the company’s stock.
eBay Inc (NASDAQ:EBAY) traded up 0.62% during mid-day trading on Friday, hitting $33.94. The company had a trading volume of 4,654,012 shares. The company has a 50-day moving average price of $33.64 and a 200 day moving average price of $31.66. eBay Inc has a 12 month low of $22.30 and a 12 month high of $34.87. The firm has a market capitalization of $36.73 billion, a P/E ratio of 4.89 and a beta of 1.31.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. eBay had a return on equity of 24.13% and a net margin of 80.92%. eBay’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities analysts forecast that eBay Inc will post $2.01 EPS for the current fiscal year.
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Several equities analysts have recently issued reports on EBAY shares. Monness Crespi & Hardt reissued a “buy” rating and set a $35.00 target price on shares of eBay in a research note on Saturday, January 28th. Jefferies Group LLC set a $32.00 target price on eBay and gave the company a “neutral” rating in a research note on Tuesday, January 24th. Maxim Group reissued a “buy” rating and set a $36.00 target price on shares of eBay in a research note on Wednesday, April 12th. Vetr cut eBay from a “strong-buy” rating to a “buy” rating and set a $35.89 target price on the stock. in a research note on Monday, January 30th. Finally, Canaccord Genuity reissued a “hold” rating and set a $31.00 target price on shares of eBay in a research note on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. eBay has an average rating of “Hold” and a consensus price target of $35.16.
In related news, VP Brian J. Doerger sold 2,903 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $34.11, for a total value of $99,021.33. Following the completion of the transaction, the vice president now owns 30,701 shares of the company’s stock, valued at approximately $1,047,211.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian J. Doerger sold 12,904 shares of the company’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $33.57, for a total value of $433,187.28. Following the completion of the transaction, the vice president now directly owns 33,604 shares of the company’s stock, valued at approximately $1,128,086.28. The disclosure for this sale can be found here. Insiders sold a total of 65,416 shares of company stock valued at $2,160,633 in the last ninety days. 7.40% of the stock is currently owned by insiders.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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