Eqis Capital Management Inc. boosted its stake in eBay Inc. (NASDAQ:EBAY) by 13.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,638 shares of the e-commerce company’s stock after buying an additional 1,377 shares during the period. Eqis Capital Management Inc.’s holdings in eBay were worth $406,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of EBAY. BlackRock Inc. boosted its stake in shares of eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after buying an additional 59,937,723 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after buying an additional 23,404,909 shares during the last quarter. Boston Partners boosted its stake in shares of eBay by 1.9% in the first quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company’s stock valued at $992,828,000 after buying an additional 544,112 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock valued at $501,155,000 after buying an additional 4,749,434 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of eBay by 4.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,700,034 shares of the e-commerce company’s stock valued at $459,911,000 after buying an additional 604,985 shares during the last quarter. 85.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of eBay Inc. (EBAY) traded down 0.20% on Friday, reaching $34.78. 8,747,216 shares of the company were exchanged. The stock has a 50 day moving average of $35.76 and a 200-day moving average of $34.32. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $37.48. The company has a market capitalization of $37.23 billion, a P/E ratio of 5.22 and a beta of 1.36. eBay also saw unusually large options trading activity on Wednesday. Stock investors acquired 2,194 put options on the stock. This represents an increase of 231% compared to the average volume of 663 put options.
eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts predict that eBay Inc. will post $2.00 EPS for the current fiscal year.
eBay announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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Several brokerages have weighed in on EBAY. Credit Suisse Group raised eBay to a “buy” rating and set a $44.00 price objective on the stock in a research note on Monday, June 12th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $39.00 price objective (up from $38.00) on shares of eBay in a research note on Thursday, April 20th. Bank of America Corporation boosted their price objective on eBay from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Vetr cut eBay from a “strong-buy” rating to a “buy” rating and set a $38.72 price objective on the stock. in a research note on Wednesday, May 24th. Finally, Monness Crespi & Hardt cut eBay from a “buy” rating to a “neutral” rating in a research note on Thursday, April 20th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $37.05.
In other eBay news, SVP Stephen Fisher sold 11,956 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $36.24, for a total value of $433,285.44. Following the sale, the senior vice president now owns 89,740 shares of the company’s stock, valued at $3,252,177.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the completion of the sale, the director now directly owns 286,562 shares in the company, valued at approximately $10,029,670. The disclosure for this sale can be found here. Insiders have sold 95,238 shares of company stock worth $3,376,547 over the last 90 days. 6.78% of the stock is currently owned by company insiders.
eBay Company Profile
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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