Sentry Investment Management LLC Sells 2,924 Shares of eBay Inc (EBAY)
Sentry Investment Management LLC cut its stake in shares of eBay Inc (NASDAQ:EBAY) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,996 shares of the e-commerce company’s stock after selling 2,924 shares during the quarter. Sentry Investment Management LLC’s holdings in eBay were worth $2,014,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Gryphon Financial Partners LLC boosted its stake in shares of eBay by 4,029.4% during the third quarter. Gryphon Financial Partners LLC now owns 24,281 shares of the e-commerce company’s stock valued at $801,000 after acquiring an additional 23,693 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of eBay by 250.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 265,017 shares of the e-commerce company’s stock valued at $8,723,000 after acquiring an additional 189,366 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of eBay by 20.1% during the third quarter. Penserra Capital Management LLC now owns 444,912 shares of the e-commerce company’s stock valued at $14,689,000 after acquiring an additional 74,606 shares during the last quarter. Equity Investment Corp boosted its stake in shares of eBay by 58.1% during the third quarter. Equity Investment Corp now owns 3,140,719 shares of the e-commerce company’s stock valued at $103,707,000 after acquiring an additional 1,154,030 shares during the last quarter. Finally, ProVise Management Group LLC acquired a new stake in shares of eBay during the third quarter valued at $3,544,000. 85.05% of the stock is owned by hedge funds and other institutional investors.
EBAY has been the topic of a number of analyst reports. TheStreet raised eBay from a “c+” rating to a “b-” rating in a research note on Wednesday, September 12th. BidaskClub lowered eBay from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 25th. Wedbush reaffirmed a “neutral” rating and set a $36.00 price objective on shares of eBay in a research note on Thursday, September 13th. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price objective on shares of eBay in a research note on Monday, September 3rd. Finally, FIX lowered eBay from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $33.00 in a research note on Monday, October 22nd. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $40.97.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.65 billion. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. Sell-side analysts expect that eBay Inc will post 1.84 EPS for the current fiscal year.
In other news, SVP Jae Hyun Lee sold 26,204 shares of eBay stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total value of $919,236.32. Following the transaction, the senior vice president now directly owns 128,457 shares of the company’s stock, valued at approximately $4,506,271.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.78% of the company’s stock.
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eBay Company Profile
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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