TCW Group Inc. Has $843,000 Stake in eBay Inc. (EBAY)
TCW Group Inc. lowered its position in eBay Inc. (NASDAQ:EBAY) by 75.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,111 shares of the e-commerce company’s stock after selling 76,700 shares during the period. TCW Group Inc.’s holdings in eBay were worth $843,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of EBAY. Wellington Management Group LLP raised its stake in eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock worth $1,249,180,000 after buying an additional 23,404,909 shares in the last quarter. Norges Bank bought a new stake in eBay during the fourth quarter worth $224,505,000. Nordea Investment Management AB raised its stake in eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock worth $501,155,000 after buying an additional 4,749,434 shares in the last quarter. Fred Alger Management Inc. raised its stake in eBay by 14,982.5% in the fourth quarter. Fred Alger Management Inc. now owns 2,569,450 shares of the e-commerce company’s stock worth $76,287,000 after buying an additional 2,552,414 shares in the last quarter. Finally, Glenview Capital Management LLC bought a new stake in eBay during the fourth quarter worth $48,907,000. Institutional investors own 84.97% of the company’s stock.
Shares of eBay Inc. (EBAY) opened at 35.09 on Tuesday. eBay Inc. has a one year low of $22.30 and a one year high of $36.50. The stock’s 50 day moving average is $34.41 and its 200-day moving average is $32.74. The firm has a market cap of $37.98 billion, a P/E ratio of 5.05 and a beta of 1.37. eBay also was the target of some unusual options trading activity on Monday. Investors purchased 9,108 call options on the stock. This is an increase of approximately 153% compared to the average volume of 3,602 call options.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. eBay had a net margin of 86.31% and a return on equity of 20.44%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Analysts anticipate that eBay Inc. will post $2.01 EPS for the current fiscal year.
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EBAY has been the subject of a number of analyst reports. Vetr upgraded eBay from a “buy” rating to a “strong-buy” rating and set a $38.08 target price for the company in a report on Monday, March 6th. Stifel Nicolaus restated a “hold” rating and set a $35.00 target price on shares of eBay in a report on Friday, April 14th. Aegis restated a “buy” rating on shares of eBay in a report on Wednesday, March 15th. Barclays PLC initiated coverage on eBay in a report on Tuesday, March 28th. They set an “overweight” rating and a $41.00 target price for the company. Finally, Argus upped their target price on eBay from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, April 12th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.56.
In related news, Director Kathleen C. Mitic sold 11,897 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $33.84, for a total transaction of $402,594.48. Following the transaction, the director now owns 20,162 shares of the company’s stock, valued at $682,282.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Doerger sold 12,904 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $33.57, for a total transaction of $433,187.28. Following the transaction, the vice president now directly owns 33,604 shares in the company, valued at approximately $1,128,086.28. The disclosure for this sale can be found here. Insiders have sold 85,712 shares of company stock worth $2,877,612 in the last three months. Insiders own 6.78% 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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