Sadoff Investment Management LLC increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 444,745 shares of the e-commerce company’s stock after buying an additional 19,289 shares during the period. eBay accounts for about 1.6% of Sadoff Investment Management LLC’s portfolio, making the stock its 29th largest position. Sadoff Investment Management LLC’s holdings in eBay were worth $14,632,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Aberdeen Asset Management PLC UK raised its position in eBay by 4.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 912,913 shares of the e-commerce company’s stock valued at $21,372,000 after buying an additional 41,593 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of eBay by 3.4% in the second quarter. Cullen Frost Bankers Inc. now owns 795,774 shares of the e-commerce company’s stock valued at $18,629,000 after buying an additional 25,907 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of eBay by 11.7% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 210,400 shares of the e-commerce company’s stock valued at $4,925,000 after buying an additional 22,000 shares during the last quarter. Davis R M Inc. raised its position in shares of eBay by 36.4% in the second quarter. Davis R M Inc. now owns 12,000 shares of the e-commerce company’s stock valued at $281,000 after buying an additional 3,200 shares during the last quarter. Finally, Equity Investment Corp GA raised its position in shares of eBay by 24.1% in the second quarter. Equity Investment Corp GA now owns 5,607,904 shares of the e-commerce company’s stock valued at $131,281,000 after buying an additional 1,088,382 shares during the last quarter. Institutional investors and hedge funds own 82.62% of the company’s stock.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

eBay Inc. (NASDAQ:EBAY) traded down 0.62% on Friday, reaching $28.69. 11,668,691 shares of the company’s stock traded hands. The firm’s 50-day moving average is $29.98 and its 200 day moving average is $28.19. eBay Inc. has a 52-week low of $21.51 and a 52-week high of $33.19. The stock has a market capitalization of $32.07 billion, a PE ratio of 18.43 and a beta of 1.33.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. eBay had a net margin of 20.29% and a return on equity of 28.67%. The firm earned $2.22 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the firm earned $0.43 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Analysts forecast that eBay Inc. will post $1.88 EPS for the current year.

Several equities analysts have issued reports on EBAY shares. Benchmark Co. raised their price objective on eBay from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 price objective on eBay and gave the stock a “buy” rating in a report on Thursday, July 21st. Axiom Securities raised their price objective on eBay from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Monness Crespi & Hardt raised their price objective on eBay from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Finally, Argus reaffirmed a “buy” rating and set a $36.00 price objective on shares of eBay in a report on Tuesday, July 26th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $34.40.

In other eBay news, SVP Jae Hyun Lee sold 5,625 shares of the stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $31.02, for a total value of $174,487.50. Following the completion of the sale, the senior vice president now directly owns 101,529 shares of the company’s stock, valued at approximately $3,149,429.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Raymond J. Pittman sold 39,030 shares of the stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $32.14, for a total transaction of $1,254,424.20. Following the completion of the sale, the senior vice president now directly owns 32,738 shares of the company’s stock, valued at $1,052,199.32. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

5 Day Chart for NASDAQ:EBAY

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