eBay Inc. (EBAY) Holdings Lifted by Dowling & Yahnke LLC
Dowling & Yahnke LLC grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,613 shares of the e-commerce company’s stock after purchasing an additional 1,778 shares during the quarter. Dowling & Yahnke LLC’s holdings in eBay were worth $2,908,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of eBay by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 68,101,836 shares of the e-commerce company’s stock worth $2,378,116,000 after purchasing an additional 1,121,890 shares during the period. Independent Franchise Partners LLP lifted its stake in shares of eBay by 17.6% during the 3rd quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock worth $874,151,000 after purchasing an additional 3,406,261 shares during the period. Nordea Investment Management AB lifted its stake in shares of eBay by 2.4% during the 2nd quarter. Nordea Investment Management AB now owns 15,289,334 shares of the e-commerce company’s stock worth $533,904,000 after purchasing an additional 360,664 shares during the period. Alliancebernstein L.P. lifted its stake in shares of eBay by 3.9% during the 2nd quarter. Alliancebernstein L.P. now owns 11,265,977 shares of the e-commerce company’s stock worth $393,408,000 after purchasing an additional 424,557 shares during the period. Finally, Glenview Capital Management LLC lifted its stake in shares of eBay by 442.0% during the 2nd quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock worth $310,995,000 after purchasing an additional 7,262,862 shares during the period. 86.57% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on EBAY. Guggenheim began coverage on eBay in a research note on Friday, October 20th. They set a “neutral” rating on the stock. Benchmark Co. reaffirmed a “buy” rating and issued a $45.00 target price on shares of eBay in a research report on Thursday, October 19th. SunTrust Banks, Inc. began coverage on eBay in a research report on Tuesday, August 15th. They issued a “hold” rating and a $38.00 target price on the stock. Morgan Stanley set a $34.00 target price on eBay and gave the stock a “sell” rating in a research report on Thursday, October 19th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of eBay in a research report on Friday, August 18th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $38.45.
In related news, SVP Marie Oh Huber sold 72,417 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the transaction, the senior vice president now owns 101,589 shares in the company, valued at $3,812,635.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen Fisher sold 69,406 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the transaction, the senior vice president now owns 144,047 shares in the company, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,182 shares of company stock worth $6,423,142. Corporate insiders own 6.78% of the company’s stock.
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eBay Inc. (NASDAQ EBAY) traded down $0.04 on Monday, hitting $35.58. The stock had a trading volume of 7,542,600 shares, compared to its average volume of 8,870,065. The company has a market capitalization of $37,170.00, a PE ratio of 22.24, a PEG ratio of 2.73 and a beta of 1.38. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $39.28.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a return on equity of 15.69% and a net margin of 80.45%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. equities analysts forecast that eBay Inc. will post 1.65 earnings per share for the current fiscal year.
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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