eBay Inc. (EBAY) Shares Sold by Checchi Capital Advisers LLC
Checchi Capital Advisers LLC reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,847 shares of the e-commerce company’s stock after selling 1,080 shares during the period. Checchi Capital Advisers LLC’s holdings in eBay were worth $379,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in EBAY. Westside Investment Management Inc. raised its position in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the last quarter. FNY Partners Fund LP raised its position in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the last quarter. Parallel Advisors LLC raised its position in shares of eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock valued at $140,000 after buying an additional 858 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after buying an additional 2,230 shares during the last quarter. Finally, First Personal Financial Services increased its position in shares of eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock valued at $164,000 after buying an additional 4,197 shares during the period. 85.71% of the stock is owned by hedge funds and other institutional investors.
Shares of eBay Inc. (NASDAQ:EBAY) opened at 35.25 on Wednesday. The company has a 50-day moving average of $35.76 and a 200 day moving average of $34.30. eBay Inc. has a one year low of $27.28 and a one year high of $37.48. The stock has a market capitalization of $37.73 billion, a price-to-earnings ratio of 5.29 and a beta of 1.36.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The firm 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 business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts forecast that eBay Inc. will post $2.01 earnings per share for the current fiscal year.
eBay declared that its board has authorized a stock buyback program on Thursday, July 20th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
Several brokerages recently weighed in on EBAY. SunTrust Banks, Inc. began coverage on shares of eBay in a report on Tuesday. They issued a “hold” rating and a $38.00 price target on the stock. Mizuho reiterated an “underperform” rating and issued a $34.00 price target on shares of eBay in a report on Monday, August 7th. BidaskClub downgraded shares of eBay from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Canaccord Genuity increased their price target on shares of eBay from $32.00 to $34.00 and gave the stock a “hold” rating in a report on Monday, July 24th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $41.00 price target (up previously from $40.00) on shares of eBay in a report on Sunday, July 23rd. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.05.
In related news, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the transaction, the vice president now directly owns 24,001 shares in the company, valued at $877,476.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $35.00, for a total value of $875,000.00. Following the transaction, the director now owns 286,562 shares in the company, valued at $10,029,670. The disclosure for this sale can be found here. Insiders have sold 72,303 shares of company stock worth $2,560,022 over the last quarter. 6.78% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).
Receive News & Stock Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related stocks with our FREE daily email newsletter.