Oak Associates Ltd. OH Raises Holdings in eBay Inc. (EBAY)
Oak Associates Ltd. OH grew its stake in eBay Inc. (NASDAQ:EBAY) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 556,160 shares of the e-commerce company’s stock after purchasing an additional 38,300 shares during the quarter. eBay comprises about 1.5% of Oak Associates Ltd. OH’s holdings, making the stock its 18th biggest holding. Oak Associates Ltd. OH owned about 0.05% of eBay worth $19,421,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Trust Co. of Vermont raised its holdings in eBay by 0.3% in the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock worth $483,000 after purchasing an additional 40 shares in the last quarter. Westside Investment Management Inc. raised its holdings in eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after purchasing an additional 60 shares in the last quarter. Usca Ria LLC raised its holdings in eBay by 1.3% in the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock worth $277,000 after purchasing an additional 100 shares in the last quarter. CENTRAL TRUST Co raised its holdings in eBay by 1.2% in the 2nd quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock worth $337,000 after purchasing an additional 110 shares in the last quarter. Finally, Boston Private Wealth LLC raised its holdings in eBay by 0.7% in the 2nd quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock worth $575,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.
In related news, SVP Harry A. Lawton III sold 34,832 shares of the 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 completion of the transaction, the senior vice president now directly owns 83,058 shares of the company’s stock, valued at approximately $2,907,030. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 10,450 shares of the 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 transaction, the vice president now directly owns 24,001 shares of the company’s stock, valued at $877,476.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,238 shares of company stock valued at $3,439,297. 6.78% of the stock is owned by corporate insiders.
eBay Inc. (NASDAQ EBAY) traded up 0.68% on Friday, hitting $38.35. 9,421,796 shares of the company were exchanged. The stock has a market capitalization of $41.05 billion, a P/E ratio of 5.75 and a beta of 1.36. The stock’s 50-day moving average price is $37.84 and its 200-day moving average price is $35.49. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $39.28.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data 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 firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that eBay Inc. will post $2.00 earnings per share for the current fiscal year.
eBay announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
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Several research analysts have commented on the stock. 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. SunTrust Banks, Inc. assumed coverage on shares of eBay in a report on Tuesday, August 15th. They issued a “hold” rating and a $38.00 price objective for the company. Royal Bank Of Canada restated a “hold” rating on shares of eBay in a report on Friday, August 18th. Aegis restated a “buy” rating and issued a $42.00 price objective on shares of eBay in a report on Monday, July 17th. Finally, Cantor Fitzgerald restated a “hold” rating on shares of eBay in a report on Monday, June 26th. Three analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have given a buy rating to the stock. eBay has an average rating of “Hold” and an average target price of $37.66.
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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