Aberdeen Asset Management PLC UK raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 881,190 shares of the e-commerce company’s stock after purchasing an additional 1,303 shares during the quarter. Aberdeen Asset Management PLC UK owned approximately 0.08% of eBay worth $30,771,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Trust Co. of Vermont lifted its holdings in eBay by 0.3% during the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after purchasing an additional 40 shares during the last quarter. Buckingham Asset Management LLC lifted its holdings in eBay by 1.4% during the 1st quarter. Buckingham Asset Management LLC now owns 6,997 shares of the e-commerce company’s stock valued at $235,000 after purchasing an additional 100 shares during the last quarter. Usca Ria LLC lifted its holdings in eBay by 1.3% during the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock valued at $277,000 after purchasing an additional 100 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in eBay by 1.2% during the 2nd quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock valued at $337,000 after purchasing an additional 110 shares during the last quarter. Finally, Boston Private Wealth LLC lifted its holdings in eBay by 0.7% during the 2nd quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock valued at $575,000 after purchasing an additional 111 shares during the last quarter. 84.90% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on EBAY. J P Morgan Chase & Co set a $38.00 price target on eBay and gave the company a “neutral” rating in a report on Friday, July 21st. BMO Capital Markets reaffirmed a “market perform” rating and set a $36.00 price target on shares of eBay in a report on Saturday, July 22nd. Canaccord Genuity reaffirmed a “hold” rating and set a $34.00 price target on shares of eBay in a report on Wednesday. Robert W. Baird reaffirmed an “outperform” rating and set a $38.00 price target on shares of eBay in a report on Monday, June 12th. Finally, Vetr raised eBay from a “hold” rating to a “buy” rating and set a $37.30 price target for the company in a report on Monday, June 12th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $37.05.

In other eBay news, SVP Harry A. Lawton III sold 34,832 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 83,058 shares in the company, valued at approximately $2,907,030. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Stephen Fisher sold 11,956 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $36.24, for a total value of $433,285.44. Following the completion of the sale, the senior vice president now owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,238 shares of company stock valued at $2,501,547. Company insiders own 6.78% of the company’s stock.

Shares of eBay Inc. (EBAY) opened at 37.79 on Friday. eBay Inc. has a one year low of $27.28 and a one year high of $38.30. The firm has a 50-day moving average price of $35.76 and a 200-day moving average price of $34.61. The company has a market capitalization of $40.45 billion, a P/E ratio of 5.67 and a beta of 1.34.

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

eBay announced that its board has authorized a stock repurchase program on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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eBay 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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