Partners Capital Investment Group Holdings LLC increased its position in eBay Inc. (NASDAQ:EBAY) by 8.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 552,802 shares of the e-commerce company’s stock after buying an additional 44,493 shares during the period. eBay makes up about 3.7% of Partners Capital Investment Group Holdings LLC’s portfolio, making the stock its 13th largest position. Partners Capital Investment Group Holdings LLC owned 0.05% of eBay worth $18,558,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EBAY. Quadrant Capital Group LLC boosted its stake in 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 in the last quarter. Gulf International Bank UK Ltd boosted its stake in 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 in the last quarter. Raymond James Trust N.A. boosted its stake in 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 in the last quarter. Fulton Bank N.A. boosted its stake in eBay by 62.6% in the first quarter. Fulton Bank N.A. now owns 16,369 shares of the e-commerce company’s stock valued at $550,000 after buying an additional 6,301 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in eBay by 3.6% in the first quarter. CENTRAL TRUST Co now owns 9,543 shares of the e-commerce company’s stock valued at $320,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

eBay Inc. (NASDAQ EBAY) traded down 0.53% during mid-day trading on Thursday, hitting $35.71. 5,726,264 shares of the company traded hands. The firm has a 50 day moving average of $35.51 and a 200 day moving average of $33.97. eBay Inc. has a one year low of $27.28 and a one year high of $37.48. The firm has a market capitalization of $38.22 billion, a P/E ratio of 5.45 and a beta of 1.36. eBay also saw some unusual options trading activity on Wednesday. Investors bought 2,194 put options on the stock. This is an increase of 231% compared to the average volume of 663 put options.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the firm posted $0.43 EPS. eBay’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts expect that eBay Inc. will post $2.00 earnings per share for the current fiscal year.

eBay declared that its Board of Directors has authorized a stock buyback program 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 stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

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A number of equities analysts have issued reports on EBAY shares. Maxim Group reaffirmed a “buy” rating and set a $36.00 price target on shares of eBay in a research note on Wednesday, April 12th. Benchmark Co. increased their price target on eBay from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $41.00 price target (up from $40.00) on shares of eBay in a research note on Sunday, July 23rd. Morgan Stanley reissued an “underweight” rating and set a $28.00 price objective on shares of eBay in a research note on Saturday, July 22nd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $34.00 price objective on shares of eBay in a research note on Thursday, April 13th. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have given a buy rating to the stock. eBay presently has a consensus rating of “Hold” and an average price target of $36.91.

In other news, Director Kathleen C. Mitic sold 11,897 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $33.84, for a total transaction of $402,594.48. Following the sale, the director now owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 2,903 shares of the firm’s 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 sale, the vice president now directly owns 30,701 shares in the company, valued at approximately $1,047,211.11. The disclosure for this sale can be found here. Insiders have sold a total of 75,206 shares of company stock worth $2,659,043 over the last three months. 6.78% of the stock is currently owned by insiders.

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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