Anchor Capital Advisors LLC lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 0.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 326,999 shares of the e-commerce company’s stock after selling 2,919 shares during the period. Anchor Capital Advisors LLC’s holdings in eBay were worth $12,576,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of EBAY. Captrust Financial Advisors bought a new position in eBay during the second quarter worth about $108,000. BB&T Investment Services Inc. bought a new position in eBay during the second quarter worth about $119,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in eBay during the second quarter worth about $123,000. Westside Investment Management Inc. grew its holdings 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 worth $127,000 after purchasing an additional 60 shares during the period. Finally, GWM Advisors LLC bought a new position in eBay during the second quarter worth about $157,000. Institutional investors and hedge funds own 86.64% of the company’s stock.
eBay Inc. (EBAY) traded down $0.12 during trading hours on Tuesday, reaching $35.85. 7,269,000 shares of the company’s stock traded hands, compared to its average volume of 8,871,020. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. The stock has a market cap of $37,573.22, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.76 and a beta of 1.36. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $39.28.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. analysts expect that eBay Inc. will post 1.65 earnings per share for the current year.
eBay announced that its Board of Directors has initiated a stock buyback program on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $37.51, for a total value of $937,750.00. Following the completion of the sale, the director now owns 262,119 shares in the company, valued at approximately $9,832,083.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Marie Oh Huber sold 72,417 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the completion of the sale, the senior vice president now owns 101,589 shares of the company’s stock, valued at approximately $3,812,635.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 166,823 shares of company stock valued at $6,267,308. Company insiders own 6.78% of the company’s stock.
A number of equities analysts recently commented on the company. Aegis reiterated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of eBay in a report on Tuesday, September 19th. Robert W. Baird reiterated a “buy” rating and set a $38.00 price target on shares of eBay in a report on Monday, October 16th. Piper Jaffray Companies set a $34.00 price target on eBay and gave the stock a “hold” rating in a report on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of eBay in a report on Wednesday, October 11th. Finally, DA Davidson assumed coverage on eBay in a report on Wednesday, September 13th. They set a “buy” rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $38.45.
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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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