eBay Inc. (EBAY) Position Lessened by Nationwide Fund Advisors
Nationwide Fund Advisors reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 620,468 shares of the e-commerce company’s stock after selling 74,555 shares during the period. Nationwide Fund Advisors owned 0.06% of eBay worth $21,667,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Trust Co. of Vermont boosted its holdings in shares of eBay by 0.3% during the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock worth $483,000 after buying an additional 40 shares during the period. Buckingham Asset Management LLC boosted its holdings in shares of eBay by 1.4% during the 1st quarter. Buckingham Asset Management LLC now owns 6,997 shares of the e-commerce company’s stock worth $235,000 after buying an additional 100 shares during the period. Usca Ria LLC boosted its holdings in shares of eBay by 1.3% during the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock worth $277,000 after buying an additional 100 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of eBay by 1.2% during the 2nd quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock worth $337,000 after buying an additional 110 shares during the period. Finally, Boston Private Wealth LLC boosted its holdings in shares of eBay by 0.7% during the 2nd quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock worth $575,000 after buying an additional 111 shares during the period. 84.83% of the stock is owned by institutional investors and hedge funds.
eBay Inc. (NASDAQ EBAY) opened at 38.40 on Monday. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $38.87. The company’s 50-day moving average is $36.01 and its 200 day moving average is $34.77. The company has a market cap of $41.10 billion, a price-to-earnings ratio of 5.76 and a beta of 1.34.
eBay (NASDAQ:EBAY) last announced its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 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 business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that eBay Inc. will post $2.00 EPS for the current fiscal year.
eBay announced that its Board of Directors has approved a stock buyback plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Several analysts recently issued reports on the stock. Credit Suisse Group raised shares of eBay to a “buy” rating and set a $44.00 price objective for the company in a report on Monday, June 12th. Bank of America Corporation upped their price objective on shares of eBay from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Vetr downgraded shares of eBay from a “strong-buy” rating to a “buy” rating and set a $38.72 price objective for the company. in a report on Wednesday, May 24th. SunTrust Banks, Inc. assumed coverage on shares of eBay in a report on Tuesday, August 15th. They set a “hold” rating and a $38.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of eBay in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eighteen have issued a buy rating to the company. eBay currently has an average rating of “Hold” and an average price target of $37.24.
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In related news, SVP Stephen Fisher sold 11,956 shares of the company’s 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 sale, the senior vice president now directly owns 89,740 shares in the company, valued at $3,252,177.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Harry A. Lawton III sold 34,832 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 83,058 shares in the company, valued at $2,907,030. The disclosure for this sale can be found here. Insiders sold 95,238 shares of company stock worth $3,439,297 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.
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