State Board of Administration of Florida Retirement System raised its stake in eBay Inc. (NASDAQ:EBAY) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,677,498 shares of the e-commerce company’s stock after buying an additional 8,669 shares during the period. State Board of Administration of Florida Retirement System owned about 0.16% of eBay worth $58,578,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of EBAY. Westside Investment Management Inc. boosted 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 worth $121,000 after buying an additional 2,638 shares in the last quarter. FNY Partners Fund LP boosted 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 worth $127,000 after buying an additional 3,300 shares in the last quarter. Parallel Advisors LLC boosted 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 worth $140,000 after buying an additional 858 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted 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 worth $149,000 after buying an additional 2,230 shares in the last quarter. Finally, First Personal Financial Services boosted 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 worth $164,000 after buying an additional 4,197 shares in the last quarter. Institutional investors own 85.71% of the company’s stock.

eBay Inc. (EBAY) opened at 34.78 on Monday. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $37.48. The company has a 50 day moving average of $35.77 and a 200 day moving average of $34.33. The firm has a market capitalization of $37.23 billion, a P/E ratio of 5.22 and a beta of 1.36.

eBay (NASDAQ:EBAY) last posted its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting 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 analysts’ expectations of $2.31 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that eBay Inc. will post $2.00 earnings per share for the current year.

eBay declared that its board has initiated a stock buyback plan 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 repurchase up to 7.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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EBAY has been the subject of a number of analyst reports. Jefferies Group LLC restated a “hold” rating and set a $36.00 price objective on shares of eBay in a report on Tuesday, May 2nd. Robert W. Baird restated an “outperform” rating and set a $38.00 price objective on shares of eBay in a report on Tuesday, May 9th. ValuEngine cut shares of eBay from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Vetr upgraded shares of eBay from a “buy” rating to a “strong-buy” rating and set a $38.72 price objective for the company in a report on Thursday, May 18th. Finally, Canaccord Genuity restated a “hold” rating and set a $32.00 price objective on shares of eBay in a report on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $37.05.

In other news, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $877,476.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Harry A. Lawton III sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $35.93, for a total value of $467,090.00. Following the transaction, the senior vice president now directly owns 45,488 shares in the company, valued at $1,634,383.84. The disclosure for this sale can be found here. Insiders have sold 95,238 shares of company stock worth $3,376,547 over the last three months. 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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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