Gofen & Glossberg LLC IL purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,300 shares of the e-commerce company’s stock, valued at approximately $204,000.

Other hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc raised its position in eBay by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock worth $203,988,000 after buying an additional 128,728 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in eBay by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock worth $183,717,000 after buying an additional 668,503 shares during the last quarter. Colony Group LLC purchased a new position in eBay during the 2nd quarter worth $213,000. Synovus Financial Corp raised its position in eBay by 164.4% during the 2nd quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock worth $2,091,000 after buying an additional 37,237 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in eBay by 19.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock worth $123,651,000 after buying an additional 515,634 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

In related news, SVP Stephen Fisher sold 69,406 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the sale, the senior vice president now directly owns 144,047 shares of the company’s stock, valued at approximately $5,420,488.61. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the sale, the vice president now directly owns 23,392 shares in the company, valued at $836,264. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,242 shares of company stock worth $6,842,297. 6.78% of the stock is owned by corporate insiders.

A number of equities analysts have commented on EBAY shares. Royal Bank of Canada restated a “hold” rating on shares of eBay in a research report on Friday, August 18th. Robert W. Baird restated an “outperform” rating and set a $38.00 price objective on shares of eBay in a research report on Sunday, August 20th. Canaccord Genuity restated a “hold” rating and set a $34.00 price objective on shares of eBay in a research report on Wednesday, September 6th. BMO Capital Markets restated a “hold” rating on shares of eBay in a research report on Wednesday, September 13th. Finally, DA Davidson assumed coverage on shares of eBay in a report on Wednesday, September 13th. They issued a “buy” rating and a $45.00 price target for the company. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $38.51.

Shares of eBay Inc. (NASDAQ:EBAY) opened at $38.37 on Friday. The company has a market cap of $40,900.00, a PE ratio of 23.38, a P/E/G ratio of 2.87 and a beta of 1.34. eBay Inc. has a 12 month low of $29.01 and a 12 month high of $39.28. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. equities analysts anticipate that eBay Inc. will post 1.65 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.thecerbatgem.com/2017/12/16/gofen-glossberg-llc-il-purchases-shares-of-5300-ebay-inc-ebay.html.

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.

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Stock Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related stocks with our FREE daily email newsletter.