eBay Inc. (EBAY) Shares Sold by Quadrant Capital Group LLC
Quadrant Capital Group LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 6.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,511 shares of the e-commerce company’s stock after selling 359 shares during the quarter. Quadrant Capital Group LLC’s holdings in eBay were worth $158,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in eBay by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 68,101,836 shares of the e-commerce company’s stock valued at $2,378,116,000 after buying an additional 1,121,890 shares during the last quarter. BlackRock Inc. grew its holdings in eBay by 2,424.9% in the 1st quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after buying an additional 59,937,723 shares during the last quarter. Wellington Management Group LLP grew its holdings in eBay by 169.5% in the 1st quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after buying an additional 23,404,909 shares during the last quarter. Independent Franchise Partners LLP grew its holdings in eBay by 17.6% in the 2nd quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock valued at $674,744,000 after buying an additional 2,898,085 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in eBay by 2.4% in the 2nd quarter. Nordea Investment Management AB now owns 15,289,334 shares of the e-commerce company’s stock valued at $533,904,000 after buying an additional 360,664 shares during the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Harry A. Lawton III sold 34,832 shares of eBay 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 sale, the senior vice president now owns 83,058 shares of the company’s stock, valued at approximately $2,907,030. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the completion of the sale, the director now directly owns 262,119 shares in the company, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. Insiders sold a total of 95,238 shares of company stock worth $3,439,297 in the last 90 days. Company insiders own 6.78% of the company’s stock.
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eBay Inc. (NASDAQ EBAY) traded down 0.579% during mid-day trading on Wednesday, reaching $38.615. The company had a trading volume of 1,425,759 shares. The stock has a 50 day moving average price of $37.46 and a 200 day moving average price of $35.40. eBay Inc. has a one year low of $27.28 and a one year high of $39.28. The company has a market capitalization of $41.33 billion, a P/E ratio of 5.895 and a beta of 1.36.
eBay (NASDAQ:EBAY) last announced its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $2.31 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. On average, equities analysts expect that eBay Inc. will post $2.00 earnings per share for the current fiscal year.
eBay announced that its board has approved a share repurchase program 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 buy up to 7.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
Several brokerages have recently weighed in on EBAY. Aegis reissued a “buy” rating and set a $44.00 price objective (up previously from $42.00) on shares of eBay in a report on Tuesday, September 19th. DA Davidson began coverage on eBay in a report on Wednesday, September 13th. They set a “buy” rating and a $45.00 price objective on the stock. Benchmark Co. reissued a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of eBay in a report on Friday, September 22nd. BMO Capital Markets reissued a “hold” rating on shares of eBay in a report on Wednesday, September 13th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $45.00 price objective on shares of eBay in a report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $37.64.
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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