First Eagle Investment Management LLC maintained its position in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,935,555 shares of the e-commerce company’s stock at the end of the third quarter. First Eagle Investment Management LLC owned approximately 0.17% of eBay worth $63,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mycio Wealth Partners LLC raised its position in shares of eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock valued at $100,000 after buying an additional 949 shares during the last quarter. Washington Trust Bank raised its position in shares of eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock valued at $101,000 after buying an additional 216 shares during the last quarter. Physicians Financial Services Inc. raised its position in shares of eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock valued at $108,000 after buying an additional 300 shares during the last quarter. NEXT Financial Group Inc raised its position in shares of eBay by 39.2% in the third quarter. NEXT Financial Group Inc now owns 3,411 shares of the e-commerce company’s stock valued at $112,000 after buying an additional 960 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock valued at $114,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 83.29% of the company’s stock.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Shares of eBay Inc. (NASDAQ:EBAY) opened at 28.5801 on Tuesday. The firm has a 50-day moving average price of $29.32 and a 200 day moving average price of $28.49. eBay Inc. has a 52-week low of $21.52 and a 52-week high of $33.19. The stock has a market cap of $31.95 billion, a price-to-earnings ratio of 18.3559 and a beta of 1.33.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The business 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 business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. Analysts expect that eBay Inc. will post $1.88 earnings per share for the current year.

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EBAY has been the subject of a number of analyst reports. Goldman Sachs Group Inc. set a $34.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Thursday, September 8th. Sanford C. Bernstein set a $41.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Wednesday, October 12th. Robert W. Baird restated an “outperform” rating and set a $35.00 price objective on shares of eBay in a research note on Monday, October 17th. restated an “underperform” rating and set a $30.00 price objective (up from $27.00) on shares of eBay in a research note on Saturday, October 22nd. Finally, Monness Crespi & Hardt raised their price objective on shares of eBay from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, October 18th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $34.59.

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

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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