Jackson Square Partners LLC Sells 2,365,370 Shares of eBay Inc. (EBAY)

Jackson Square Partners LLC reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,586,935 shares of the e-commerce company’s stock after selling 2,365,370 shares during the period. eBay accounts for about 3.5% of Jackson Square Partners LLC’s portfolio, making the stock its 7th largest holding. Jackson Square Partners LLC owned approximately 1.78% of eBay worth $714,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of EBAY. Janney Montgomery Scott LLC raised its position in shares of eBay by 1.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 50,762 shares of the e-commerce company’s stock valued at $1,773,000 after buying an additional 517 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of eBay during the 2nd quarter valued at approximately $253,000. Pictet Asset Management Ltd. raised its position in shares of eBay by 34.5% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,856,884 shares of the e-commerce company’s stock valued at $97,991,000 after buying an additional 732,977 shares during the period. Seven Bridges Advisors LLC raised its position in shares of eBay by 51.5% during the 2nd quarter. Seven Bridges Advisors LLC now owns 6,879 shares of the e-commerce company’s stock valued at $240,000 after buying an additional 2,337 shares during the period. Finally, BP PLC raised its position in shares of eBay by 39.5% during the 2nd quarter. BP PLC now owns 113,000 shares of the e-commerce company’s stock valued at $3,945,000 after buying an additional 32,000 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

In other news, SVP Stephen Fisher sold 69,406 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the sale, the senior vice president now owns 144,047 shares of the company’s stock, valued at $5,420,488.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Oh Huber sold 72,417 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $37.53, for a total value of $2,717,810.01. Following the sale, the senior vice president now directly owns 101,589 shares in the company, valued at approximately $3,812,635.17. The disclosure for this sale can be found here. Insiders have sold 184,242 shares of company stock worth $6,842,297 in the last ninety days. Corporate insiders own 6.78% of the company’s stock.

Shares of eBay Inc. (EBAY) opened at $36.83 on Thursday. eBay Inc. has a 12-month low of $28.14 and a 12-month high of $39.28. 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 firm has a market capitalization of $37,291.19, a price-to-earnings ratio of 22.31, a PEG ratio of 2.74 and a beta of 1.33.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. eBay had a return on equity of 18.44% and a net margin of 21.71%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. research analysts forecast that eBay Inc. will post 1.65 EPS for the current fiscal year.

Several analysts have recently commented on EBAY shares. Robert W. Baird reaffirmed a “buy” rating and set a $38.00 price target on shares of eBay in a research report on Monday, October 16th. Benchmark reaffirmed a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of eBay in a research report on Friday, September 22nd. Aegis reaffirmed a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of eBay in a research report on Tuesday, September 19th. DA Davidson started coverage on shares of eBay in a research report on Wednesday, September 13th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Goldman Sachs Group set a $40.00 price target on shares of eBay and gave the company a “buy” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have given a buy rating to the stock. eBay currently 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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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