Soros Fund Management LLC Decreases Position in eBay Inc (EBAY)
Soros Fund Management LLC decreased its stake in shares of eBay Inc (NASDAQ:EBAY) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 666,130 shares of the e-commerce company’s stock after selling 156,121 shares during the period. Soros Fund Management LLC owned approximately 0.06% of eBay worth $19,777,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of EBAY. M&T Bank Corp raised its position in shares of eBay by 385.5% in the third quarter. M&T Bank Corp now owns 8,824,578 shares of the e-commerce company’s stock valued at $290,330,000 after buying an additional 7,006,789 shares during the period. Magellan Asset Management Ltd raised 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. The Manufacturers Life Insurance Company bought a new position in eBay during the third quarter valued at $164,893,000. Equity Investment Corp Acquisition Inc bought a new position in eBay during the fourth quarter valued at $132,778,000. Finally, Bank of New York Mellon Corp raised its position in eBay by 21.7% in the third quarter. Bank of New York Mellon Corp now owns 21,431,478 shares of the e-commerce company’s stock valued at $705,096,000 after buying an additional 3,824,572 shares during the last quarter. 85.86% of the stock is currently owned by institutional investors and hedge funds.
eBay Inc (NASDAQ:EBAY) traded down 0.96% during mid-day trading on Thursday, reaching $33.94. The company had a trading volume of 2,891,382 shares. eBay Inc has a one year low of $22.30 and a one year high of $34.43. The stock has a market capitalization of $36.89 billion, a PE ratio of 5.34 and a beta of 1.31. The company’s 50-day moving average is $32.33 and its 200-day moving average is $30.80.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, January 25th. The e-commerce company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The firm earned $2.40 billion during the quarter, compared to analyst estimates of $2.40 billion. eBay had a return on equity of 24.13% and a net margin of 80.92%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. Equities research analysts anticipate that eBay Inc will post $2.01 earnings per share for the current year.
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Several equities analysts have weighed in on the company. Canaccord Genuity reissued a “hold” rating and issued a $31.00 target price on shares of eBay in a research note on Wednesday. Vetr raised eBay from a “hold” rating to a “buy” rating and set a $36.08 target price on the stock in a research note on Wednesday, February 22nd. SunTrust Banks, Inc. reissued a “hold” rating and issued a $33.00 target price on shares of eBay in a research note on Wednesday, February 22nd. Pacific Crest assumed coverage on eBay in a research note on Friday, February 17th. They issued a “sector weight” rating on the stock. Finally, Monness Crespi & Hardt reissued a “buy” rating and issued a $35.00 target price on shares of eBay in a research note on Saturday, January 28th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $35.32.
In other eBay news, SVP Stephen Fisher sold 16,601 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $33.77, for a total transaction of $560,615.77. Following the completion of the sale, the senior vice president now directly owns 97,023 shares of the company’s stock, valued at approximately $3,276,466.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Tierney sold 6,014 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $33.28, for a total value of $200,145.92. Following the sale, the director now directly owns 28,525 shares of the company’s stock, valued at $949,312. The disclosure for this sale can be found here. Insiders have sold a total of 313,020 shares of company stock valued at $10,153,302 over the last three months. Corporate insiders own 7.40% of the company’s stock.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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