Lindsell Train Ltd raised its stake in shares of eBay Inc. (NASDAQ:EBAY) by 7.7% during the second quarter, Holdings Channel reports. The firm owned 4,742,200 shares of the e-commerce company’s stock after buying an additional 340,000 shares during the period. eBay comprises 6.4% of Lindsell Train Ltd’s portfolio, making the stock its 7th largest position. Lindsell Train Ltd’s holdings in eBay were worth $165,598,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in EBAY. Capital One National Association boosted its stake in eBay by 0.5% in the first quarter. Capital One National Association now owns 7,255 shares of the e-commerce company’s stock valued at $244,000 after buying an additional 39 shares during the period. Trust Co. of Vermont boosted its stake in eBay by 0.3% in the second quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after buying an additional 40 shares during the period. Welch & Forbes LLC boosted its stake in eBay by 0.6% in the first quarter. Welch & Forbes LLC now owns 7,708 shares of the e-commerce company’s stock valued at $259,000 after buying an additional 45 shares during the period. Hudson Valley Investment Advisors Inc. ADV boosted its stake in eBay by 0.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,473 shares of the e-commerce company’s stock valued at $519,000 after buying an additional 50 shares during the period. Finally, Alpha Windward LLC boosted its stake in eBay by 1.1% in the first quarter. Alpha Windward LLC now owns 5,531 shares of the e-commerce company’s stock valued at $186,000 after buying an additional 59 shares during the period. 86.03% of the stock is currently owned by institutional investors.
Shares of eBay Inc. (EBAY) opened at 35.71 on Friday. The stock has a market cap of $38.22 billion, a P/E ratio of 5.36 and a beta of 1.36. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $37.48. The firm’s 50-day moving average price is $35.51 and its 200 day moving average price is $33.97. eBay also was the recipient of some unusual options trading on Wednesday. Stock investors purchased 2,194 put options on the stock. This represents an increase of approximately 231% compared to the typical daily volume of 663 put options.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts expect that eBay Inc. will post $2.00 earnings per share for the current fiscal year.
eBay declared that its Board of Directors has authorized a stock buyback plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
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Several equities research analysts recently commented on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $39.00 price objective (up from $38.00) on shares of eBay in a research report on Thursday, April 20th. Canaccord Genuity reissued a “hold” rating and issued a $32.00 target price (up from $31.00) on shares of eBay in a research report on Thursday, April 20th. J P Morgan Chase & Co set a $38.00 target price on eBay and gave the stock a “neutral” rating in a research report on Friday, July 21st. BMO Capital Markets reissued a “market perform” rating and issued a $36.00 target price on shares of eBay in a research report on Saturday, July 22nd. Finally, Atlantic Securities reissued a “neutral” rating and issued a $36.00 target price on shares of eBay in a research report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $36.91.
In other news, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the sale, the vice president now owns 24,001 shares of the company’s stock, valued at approximately $877,476.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian J. Doerger sold 2,903 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $34.11, for a total value of $99,021.33. Following the sale, the vice president now directly owns 30,701 shares in the company, valued at approximately $1,047,211.11. The disclosure for this sale can be found here. Insiders sold a total of 75,206 shares of company stock worth $2,659,043 in the last ninety days. 6.78% of the stock is owned by corporate insiders.
About eBay
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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