Washington Trust Bank held its stake in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent filing with the SEC. The fund owned 4,074 shares of the e-commerce company’s stock at the end of the second quarter. Washington Trust Bank’s holdings in eBay were worth $142,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA raised its stake in shares of eBay by 0.8% in the first quarter. Private Trust Co. NA now owns 13,691 shares of the e-commerce company’s stock valued at $459,000 after buying an additional 111 shares during the period. National Pension Service raised its stake in shares of eBay by 0.3% in the first quarter. National Pension Service now owns 839,853 shares of the e-commerce company’s stock valued at $28,303,000 after buying an additional 2,221 shares during the period. Quadrant Capital Group LLC raised its stake in shares of eBay by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 5,870 shares of the e-commerce company’s stock valued at $189,000 after buying an additional 187 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of eBay by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 338,758 shares of the e-commerce company’s stock valued at $11,372,000 after buying an additional 4,400 shares during the period. Finally, Raymond James Trust N.A. raised its stake in shares of eBay by 8.0% in the first quarter. Raymond James Trust N.A. now owns 28,161 shares of the e-commerce company’s stock valued at $945,000 after buying an additional 2,090 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

eBay Inc. (NASDAQ EBAY) traded down 0.27% during midday trading on Monday, reaching $36.51. The company had a trading volume of 1,573,397 shares. The firm has a 50-day moving average of $35.28 and a 200-day moving average of $33.60. eBay Inc. has a 12 month low of $27.28 and a 12 month high of $37.48. The stock has a market cap of $39.08 billion, a P/E ratio of 5.48 and a beta of 1.36.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.45. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. eBay’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. On average, equities analysts expect that eBay Inc. will post $2.01 EPS for the current fiscal year.

eBay declared that its Board of Directors has authorized a stock buyback plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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Several equities research analysts have recently commented on the company. J P Morgan Chase & Co set a $38.00 target price on eBay and gave the company a “neutral” rating in a report on Friday. Barclays PLC reaffirmed an “overweight” rating and set a $42.00 target price (up from $41.00) on shares of eBay in a report on Friday. Stifel Nicolaus set a $36.00 target price on eBay and gave the company a “neutral” rating in a report on Friday. UBS AG set a $40.00 target price on eBay and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley set a $29.00 target price on eBay and gave the company a “sell” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. eBay has an average rating of “Hold” and a consensus target price of $36.91.

In other news, VP Brian J. Doerger sold 2,903 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $34.11, for a total transaction of $99,021.33. Following the transaction, the vice president now owns 30,701 shares of the company’s stock, valued at approximately $1,047,211.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian J. Doerger sold 12,904 shares of the stock in a transaction dated Thursday, May 4th. The stock was 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. Over the last quarter, insiders have sold 52,704 shares of company stock valued at $1,809,803. Company insiders own 6.78% 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 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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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