eBay Inc (EBAY) Position Boosted by Point72 Asia Hong Kong Ltd

Point72 Asia Hong Kong Ltd raised its stake in eBay Inc (NASDAQ:EBAY) by 2,745.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,121 shares of the e-commerce company’s stock after buying an additional 4,941 shares during the period. Point72 Asia Hong Kong Ltd’s holdings in eBay were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in EBAY. OppenheimerFunds Inc. boosted its position in eBay by 29,058.6% in the 4th quarter. OppenheimerFunds Inc. now owns 9,881,553 shares of the e-commerce company’s stock valued at $372,929,000 after buying an additional 9,847,664 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in eBay in the 1st quarter valued at about $158,761,000. Swedbank purchased a new stake in eBay in the 4th quarter valued at about $123,834,000. Arrowstreet Capital Limited Partnership boosted its position in eBay by 141.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,838,533 shares of the e-commerce company’s stock valued at $107,126,000 after buying an additional 1,663,600 shares during the period. Finally, Lazard Asset Management LLC boosted its position in eBay by 7.6% in the 4th quarter. Lazard Asset Management LLC now owns 22,610,368 shares of the e-commerce company’s stock valued at $853,313,000 after buying an additional 1,595,771 shares during the period. 86.32% of the stock is owned by institutional investors.

NASDAQ EBAY opened at $38.89 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.63 and a quick ratio of 2.63. The company has a market cap of $38.77 billion, a P/E ratio of 23.86, a PEG ratio of 1.89 and a beta of 1.25. eBay Inc has a 52 week low of $33.91 and a 52 week high of $46.99.



eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 25th. The e-commerce company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.59 billion. eBay had a negative net margin of 16.56% and a positive return on equity of 18.06%. eBay’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. research analysts forecast that eBay Inc will post 1.84 earnings per share for the current fiscal year.

In related news, VP Brian J. Doerger sold 9,232 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $38.15, for a total transaction of $352,200.80. Following the completion of the transaction, the vice president now owns 32,909 shares in the company, valued at approximately $1,255,478.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Holmes Swan sold 41,444 shares of the business’s stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $42.52, for a total transaction of $1,762,198.88. Following the transaction, the director now owns 304,529 shares of the company’s stock, valued at approximately $12,948,573.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,558 shares of company stock valued at $7,242,024. 6.78% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on the stock. BidaskClub raised shares of eBay from a “sell” rating to a “hold” rating in a research report on Saturday, April 21st. Morgan Stanley set a $58.00 price objective on shares of eBay and gave the company a “buy” rating in a research report on Thursday, April 19th. Macquarie lowered their price objective on shares of eBay from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, April 26th. Stifel Nicolaus reissued a “neutral” rating and issued a $44.00 price objective on shares of eBay in a research report on Thursday, April 26th. Finally, Robert W. Baird set a $52.00 price objective on shares of eBay and gave the company a “buy” rating in a research report on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.41.

eBay Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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