Dupont Capital Management Corp Takes Position in eBay Inc. (EBAY)
Dupont Capital Management Corp bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,773 shares of the e-commerce company’s stock, valued at approximately $167,000.
A number of other large investors have also bought and sold shares of the stock. Westside Investment Management Inc. boosted its stake 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 during the last quarter. FNY Partners Fund LP boosted its stake 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 during the last quarter. Parallel Advisors LLC boosted its stake 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 during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake 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 during the last quarter. Finally, First Personal Financial Services boosted its stake 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 during the last quarter. Institutional investors own 84.89% of the company’s stock.
eBay Inc. (NASDAQ:EBAY) opened at 35.69 on Thursday. The stock’s 50 day moving average price is $35.75 and its 200-day moving average price is $34.43. The stock has a market capitalization of $38.20 billion, a P/E ratio of 5.35 and a beta of 1.36. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $37.48. eBay also saw unusually large options trading activity on Wednesday. Traders acquired 2,194 put options on the stock. This represents an increase of 231% compared to the average volume of 663 put options.
eBay (NASDAQ:EBAY) last posted 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. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Equities research analysts expect that eBay Inc. will post $2.00 earnings per share for the current year.
eBay announced that its board has authorized a stock buyback program on Thursday, July 20th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
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A number of equities research analysts have recently weighed in on EBAY shares. Credit Suisse Group raised eBay from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $44.00 in a research note on Monday, June 5th. Robert W. Baird reaffirmed an “outperform” rating on shares of eBay in a research note on Monday, July 3rd. UBS AG set a $40.00 price objective on eBay and gave the company a “buy” rating in a research note on Friday, July 21st. BidaskClub raised eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, TheStreet cut eBay from a “b-” rating to a “c+” rating in a research note on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.05.
In other eBay news, SVP Harry A. Lawton III sold 34,832 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $35.00, for a total value of $1,219,120.00. Following the sale, the senior vice president now directly owns 83,058 shares in the company, valued at $2,907,030. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Stephen Fisher sold 11,956 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $36.24, for a total transaction of $433,285.44. Following the completion of the sale, the senior vice president now owns 89,740 shares in the company, valued at $3,252,177.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,238 shares of company stock worth $2,501,547. Company 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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