Olstein Capital Management L.P. increased its position in eBay Inc. (NASDAQ:EBAY) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 287,000 shares of the e-commerce company’s stock after buying an additional 10,000 shares during the period. eBay makes up about 1.2% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 26th largest position. Olstein Capital Management L.P.’s holdings in eBay were worth $9,442,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ngam Advisors L.P. boosted its stake in shares of eBay by 4.2% in the third quarter. Ngam Advisors L.P. now owns 242,304 shares of the e-commerce company’s stock worth $7,972,000 after buying an additional 9,774 shares during the last quarter. Assetmark Inc. boosted its stake in shares of eBay by 1.8% in the third quarter. Assetmark Inc. now owns 5,875 shares of the e-commerce company’s stock worth $193,000 after buying an additional 104 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of eBay by 103.5% in the third quarter. Global X Management Co. LLC now owns 5,866 shares of the e-commerce company’s stock worth $193,000 after buying an additional 2,983 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of eBay by 2.1% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 11,153 shares of the e-commerce company’s stock worth $367,000 after buying an additional 231 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of eBay by 4.0% in the third quarter. Sei Investments Co. now owns 1,469,345 shares of the e-commerce company’s stock worth $48,341,000 after buying an additional 56,222 shares during the last quarter. 83.29% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

eBay Inc. (NASDAQ:EBAY) traded up 0.018% during trading on Tuesday, hitting $28.575. The stock had a trading volume of 3,917,021 shares. The company has a 50-day moving average of $29.32 and a 200-day moving average of $28.49. The stock has a market capitalization of $31.94 billion, a P/E ratio of 18.353 and a beta of 1.33. eBay Inc. has a 52 week low of $21.52 and a 52 week high of $33.19.

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

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Several equities research analysts have recently weighed in on the company. Vetr raised eBay from a “buy” rating to a “strong-buy” rating and set a $32.06 price objective for the company in a research report on Monday. Robert W. Baird reissued an “outperform” rating and issued a $35.00 price objective on shares of eBay in a research report on Thursday, November 10th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $28.00 price objective on shares of eBay in a research report on Saturday, October 22nd. Axiom Securities reissued a “buy” rating on shares of eBay in a research report on Saturday, October 22nd. Finally, reissued an “underperform” rating and issued a $30.00 price objective (up from $27.00) on shares of eBay in a research report on Saturday, October 22nd. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.59.

In other eBay news, Director Logan Green acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was bought at an average price of $28.32 per share, with a total value of $28,320.00. Following the completion of the purchase, the director now owns 1,000 shares of the company’s stock, valued at $28,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Raymond J. Pittman sold 39,030 shares of eBay stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $32.14, for a total value of $1,254,424.20. Following the sale, the senior vice president now directly owns 32,738 shares of the company’s stock, valued at approximately $1,052,199.32. The disclosure for this sale can be found here. 7.40% of the stock is 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.

5 Day Chart for NASDAQ:EBAY

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