GAM Holding AG Lowers Position in eBay Inc. (EBAY)
GAM Holding AG decreased its position in eBay Inc. (NASDAQ:EBAY) by 31.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 194,316 shares of the e-commerce company’s stock after selling 87,212 shares during the period. GAM Holding AG’s holdings in eBay were worth $6,393,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in EBAY. Quadrant Capital Group LLC raised its position in eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock valued at $125,000 after buying an additional 42 shares in the last quarter. Fulton Bank N.A. raised its position in eBay by 0.7% in the third quarter. Fulton Bank N.A. now owns 9,042 shares of the e-commerce company’s stock valued at $298,000 after buying an additional 63 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in eBay by 0.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,938 shares of the e-commerce company’s stock valued at $676,000 after buying an additional 91 shares in the last quarter. Hartford Financial Management Inc. raised its position in eBay by 2.9% in the third quarter. Hartford Financial Management Inc. now owns 3,570 shares of the e-commerce company’s stock valued at $117,000 after buying an additional 100 shares in the last quarter. Finally, Assetmark Inc. raised its position in eBay by 1.8% in the third quarter. Assetmark Inc. now owns 5,875 shares of the e-commerce company’s stock valued at $193,000 after buying an additional 104 shares in the last quarter. 83.29% of the stock is owned by institutional investors and hedge funds.
eBay Inc. (NASDAQ:EBAY) traded down 1.982% during trading on Wednesday, hitting $27.945. 9,247,204 shares of the company’s stock traded hands. The stock has a market cap of $31.24 billion, a P/E ratio of 17.948 and a beta of 1.33. The company’s 50 day moving average is $29.32 and its 200-day moving average is $28.49. eBay Inc. has a 12 month low of $21.52 and a 12 month 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 (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. eBay had a net margin of 20.29% and a return on equity of 28.67%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. eBay’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts predict that eBay Inc. will post $1.88 earnings per share for the current year.
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EBAY has been the topic of a number of research reports. Robert W. Baird restated an “outperform” rating and issued a $35.00 price target on shares of eBay in a report on Wednesday, October 26th. Deutsche Bank AG restated a “buy” rating and issued a $40.00 price target on shares of eBay in a report on Wednesday, October 12th. Pacific Crest lowered eBay to a “sell” rating in a report on Saturday, October 1st. Vetr upgraded eBay from a “hold” rating to a “strong-buy” rating and set a $33.04 price target on the stock in a report on Thursday, October 20th. Finally, SunTrust Banks Inc. restated a “hold” rating and issued a $33.00 price target (up from $30.00) on shares of eBay in a report on Monday, October 10th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $34.59.
In other eBay news, CAO Brian J. Doerger sold 18,000 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $28.93, for a total value of $520,740.00. Following the sale, the chief accounting officer now owns 39,947 shares in the company, valued at $1,155,666.71. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Stephen Fisher sold 39,764 shares of the company’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $29.20, for a total transaction of $1,161,108.80. Following the completion of the sale, the senior vice president now owns 120,563 shares in the company, valued at approximately $3,520,439.60. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
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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