Northwest Investment Counselors LLC decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,754 shares of the e-commerce company’s stock after selling 472 shares during the period. Northwest Investment Counselors LLC’s holdings in eBay were worth $1,423,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its position in shares of eBay by 27.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock worth $128,003,000 after buying an additional 829,988 shares during the last quarter. Menta Capital LLC bought a new position in shares of eBay during the first quarter worth about $363,000. USA Financial Portformulas Corp bought a new position in shares of eBay during the fourth quarter worth about $5,303,000. Pinnacle Financial Partners Inc. bought a new position in shares of eBay during the first quarter worth about $215,000. Finally, River & Mercantile Asset Management LLP bought a new position in shares of eBay during the fourth quarter worth about $2,738,000. Institutional investors and hedge funds own 86.48% of the company’s stock.
Shares of eBay Inc. (NASDAQ EBAY) opened at 35.62 on Monday. The firm’s 50-day moving average price is $35.51 and its 200-day moving average price is $33.97. The stock has a market cap of $38.12 billion, a price-to-earnings ratio of 5.34 and a beta of 1.36. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $37.48.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. On average, analysts forecast that eBay Inc. will post $2.00 EPS for the current fiscal year.
eBay declared that its Board of Directors has approved a share repurchase program on Thursday, July 20th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
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EBAY has been the subject of a number of recent research reports. Maxim Group reiterated a “buy” rating and set a $36.00 price objective on shares of eBay in a research note on Wednesday, April 12th. Benchmark Co. lifted their target price on eBay from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $41.00 target price (up previously from $40.00) on shares of eBay in a report on Sunday, July 23rd. Morgan Stanley reissued an “underweight” rating and issued a $28.00 target price on shares of eBay in a report on Saturday, July 22nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $34.00 target price on shares of eBay in a report on Thursday, April 13th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $36.91.
In other eBay news, SVP Harry A. Lawton III sold 13,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $35.93, for a total value of $467,090.00. Following the completion of the transaction, the senior vice president now owns 45,488 shares in the company, valued at $1,634,383.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 2,903 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $34.11, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 75,206 shares of company stock valued at $2,659,043. Insiders own 6.78% of the company’s stock.
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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