eBay Inc. (EBAY) Shares Sold by W.G. Shaheen & Associates DBA Whitney & Co
W.G. Shaheen & Associates DBA Whitney & Co cut its position in eBay Inc. (NASDAQ:EBAY) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,765 shares of the e-commerce company’s stock after selling 100 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in eBay were worth $1,703,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in eBay by 183.0% in the second quarter. FMR LLC now owns 21,402,518 shares of the e-commerce company’s stock valued at $501,033,000 after buying an additional 13,838,953 shares during the last quarter. Magellan Asset Management Ltd increased its position in eBay by 16.1% in the second quarter. Magellan Asset Management Ltd now owns 42,152,135 shares of the e-commerce company’s stock valued at $986,781,000 after buying an additional 5,833,160 shares during the last quarter. Eaton Vance Management increased its position in eBay by 279.0% in the second quarter. Eaton Vance Management now owns 5,687,842 shares of the e-commerce company’s stock valued at $133,152,000 after buying an additional 4,187,045 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in eBay during the second quarter valued at approximately $91,007,000. Finally, Independent Franchise Partners LLP increased its position in eBay by 17.6% in the second quarter. Independent Franchise Partners LLP now owns 23,263,787 shares of the e-commerce company’s stock valued at $544,605,000 after buying an additional 3,485,706 shares during the last quarter. Hedge funds and other institutional investors own 83.29% of the company’s stock.
eBay Inc. (NASDAQ:EBAY) traded down 1.31% during mid-day trading on Monday, hitting $28.57. 7,245,312 shares of the stock were exchanged. The stock has a market cap of $31.94 billion, a PE ratio of 18.35 and a beta of 1.33. The stock’s 50 day moving average is $29.32 and its 200 day moving average is $28.49. eBay Inc. has a 52-week low of $21.51 and a 52-week high of $33.19.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.19 billion. eBay had a net margin of 20.29% and a return on equity of 28.67%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Analysts forecast that eBay Inc. will post $1.88 EPS for the current fiscal year.
Several equities analysts recently commented on the company. Vetr downgraded eBay from a “strong-buy” rating to a “buy” rating and set a $32.06 price objective on the stock. in a research note on Monday, November 21st. Robert W. Baird reissued an “outperform” rating and set a $35.00 target price on shares of eBay in a report on Thursday, November 10th. Piper Jaffray Cos. reissued a “neutral” rating and set a $28.00 target price on shares of eBay in a report on Saturday, October 22nd. Axiom Securities reissued a “buy” rating on shares of eBay in a report on Saturday, October 22nd. Finally, reissued an “underperform” rating and set a $30.00 target price (up previously from $27.00) on shares of eBay in a report on Saturday, October 22nd. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $34.59.
In related news, SVP Stephen Fisher sold 39,764 shares of the stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $29.20, for a total transaction of $1,161,108.80. Following the sale, the senior vice president now directly owns 120,563 shares of the company’s stock, valued at $3,520,439.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Holmes Swan sold 50,000 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $31.95, for a total transaction of $1,597,500.00. Following the sale, the director now directly owns 375,928 shares in the company, valued at $12,010,899.60. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by insiders.
eBay Company Profile
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.
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