Delta Lloyd Asset Management N.V. Invests $4.63 Million in eBay Inc. (EBAY)
Delta Lloyd Asset Management N.V. bought a new position in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 132,643 shares of the e-commerce company’s stock, valued at approximately $4,632,000.
A number of other institutional investors have also modified their holdings of the company. Waldron LP acquired a new position in shares of eBay during the first quarter worth $210,000. Janney Montgomery Scott LLC raised its position in shares of eBay by 16.7% in the first quarter. Janney Montgomery Scott LLC now owns 50,245 shares of the e-commerce company’s stock worth $1,687,000 after buying an additional 7,192 shares during the period. IFP Advisors Inc raised its position in shares of eBay by 2.0% in the first quarter. IFP Advisors Inc now owns 10,307 shares of the e-commerce company’s stock worth $346,000 after buying an additional 198 shares during the period. Greenleaf Trust acquired a new position in shares of eBay during the first quarter worth $241,000. Finally, Canada Pension Plan Investment Board raised its position in shares of eBay by 10.7% in the first quarter. Canada Pension Plan Investment Board now owns 2,816,723 shares of the e-commerce company’s stock worth $94,557,000 after buying an additional 271,200 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.
eBay Inc. (EBAY) opened at 36.35 on Friday. eBay Inc. has a 12 month low of $27.28 and a 12 month high of $37.48. The firm has a 50-day moving average price of $35.78 and a 200 day moving average price of $34.52. The company has a market cap of $38.91 billion, a P/E ratio of 5.45 and a beta of 1.34. eBay also saw some unusual options trading on Wednesday. Traders bought 2,194 put options on the company. This represents an increase of approximately 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 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts predict that eBay Inc. will post $2.00 EPS for the current year.
eBay announced that its board has initiated a stock buyback plan 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 reacquire up to 7.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
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EBAY has been the subject of a number of recent analyst reports. Robert W. Baird reissued an “outperform” rating and issued a $38.00 target price on shares of eBay in a research report on Tuesday, May 9th. ValuEngine lowered eBay from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Vetr raised eBay from a “buy” rating to a “strong-buy” rating and set a $38.72 target price for the company in a research report on Thursday, May 18th. Canaccord Genuity reissued a “hold” rating and issued a $32.00 target price on shares of eBay in a research report on Thursday, May 25th. Finally, Atlantic Securities reissued a “neutral” rating and issued a $36.00 target price on shares of eBay in a research report on Wednesday, May 31st. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $37.05.
In other eBay news, SVP Harry A. Lawton III sold 34,832 shares of eBay stock in a transaction on Monday, August 14th. The stock was 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 owns 83,058 shares in the company, valued at $2,907,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian J. Doerger sold 10,450 shares of eBay stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the sale, the vice president now owns 24,001 shares in the company, valued at approximately $877,476.56. The disclosure for this sale can be found here. Insiders sold 70,238 shares of company stock worth $2,501,547 in the last 90 days. Company insiders own 6.78% of the company’s stock.
eBay Company Profile
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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