eBay Inc. (EBAY) Shares Sold by AMP Capital Investors Ltd

AMP Capital Investors Ltd lessened its stake in eBay Inc. (NASDAQ:EBAY) by 10.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,574,272 shares of the e-commerce company’s stock after selling 183,987 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.15% of eBay worth $60,547,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new stake in eBay during the second quarter valued at $108,000. BB&T Investment Services Inc. purchased a new stake in eBay during the second quarter valued at $119,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in eBay during the second quarter valued at $123,000. Westside Investment Management Inc. raised its stake in eBay by 1.7% during the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 60 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in eBay by 455.2% during the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock valued at $143,000 after purchasing an additional 3,050 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

eBay Inc. (NASDAQ:EBAY) opened at $36.81 on Wednesday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82. The company has a market cap of $37,291.19, a PE ratio of 22.31, a PEG ratio of 2.74 and a beta of 1.33. eBay Inc. has a 1-year low of $28.03 and a 1-year high of $39.28.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the business earned $0.45 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts predict that eBay Inc. will post 1.65 EPS for the current year.

In other eBay news, SVP Raymond J. Pittman sold 31,400 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the transaction, the senior vice president now directly owns 74,334 shares in the company, valued at approximately $2,644,803.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the transaction, the director now owns 262,119 shares in the company, valued at $9,832,083.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,242 shares of company stock worth $7,780,047. 6.78% of the stock is owned by company insiders.

EBAY has been the topic of a number of recent research reports. SunTrust Banks started coverage on shares of eBay in a research note on Tuesday, August 15th. They set a “hold” rating and a $38.00 price target on the stock. Royal Bank Of Canada reissued a “hold” rating on shares of eBay in a research note on Friday, August 18th. Robert W. Baird reissued an “outperform” rating and issued a $38.00 target price on shares of eBay in a research note on Sunday, August 20th. Canaccord Genuity reissued a “hold” rating and issued a $34.00 target price on shares of eBay in a research note on Wednesday, September 6th. Finally, BMO Capital Markets reissued a “hold” rating on shares of eBay in a research note on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $38.51.

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eBay 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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