1ST Source Bank lowered its position in eBay Inc. (NASDAQ:EBAY) by 7.3% during the second quarter, Holdings Channel reports. The firm owned 22,664 shares of the e-commerce company’s stock after selling 1,784 shares during the period. 1ST Source Bank’s holdings in eBay were worth $531,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Washington Trust Bank boosted its position in eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock valued at $101,000 after buying an additional 216 shares during the period. Advisory Services Network LLC boosted its position in eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock valued at $114,000 after buying an additional 150 shares during the period. Quadrant Capital Group LLC boosted its position in eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock valued at $125,000 after buying an additional 42 shares during the period. Parametric Risk Advisors LLC acquired a new position in eBay during the first quarter valued at $143,000. Finally, Fulton Bank N.A. acquired a new position in eBay during the second quarter valued at $211,000. Hedge funds and other institutional investors own 82.07% of the company’s stock.
Shares of eBay Inc. (NASDAQ:EBAY) traded down 0.110% during midday trading on Tuesday, hitting $31.775. The company had a trading volume of 6,559,773 shares. eBay Inc. has a 52 week low of $21.52 and a 52 week high of $33.19. The firm’s 50 day moving average is $32.01 and its 200 day moving average is $27.54. The company has a market capitalization of $35.87 billion, a P/E ratio of 19.530 and a beta of 1.17.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The firm earned $2.23 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that eBay Inc. will post $1.89 EPS for the current year.
Several equities analysts have recently weighed in on EBAY shares. Benchmark Co. reiterated a “buy” rating and set a $29.00 price objective on shares of eBay in a report on Tuesday, June 21st. Maxim Group started coverage on eBay in a research report on Wednesday, June 22nd. They issued a “buy” rating and a $36.00 target price on the stock. Brean Capital started coverage on eBay in a research report on Wednesday, June 22nd. They issued a “buy” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of eBay in a research report on Monday, June 27th. Finally, Jefferies Group reissued a “hold” rating and issued a $27.00 target price on shares of eBay in a research report on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $33.95.
In other news, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.56, for a total value of $732,156.48. Following the transaction, the vice president now owns 48,605 shares in the company, valued at $1,485,368.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kristin A. Yetto sold 17,596 shares of eBay stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.79, for a total value of $541,780.84. Following the completion of the transaction, the senior vice president now owns 19,346 shares in the company, valued at approximately $595,663.34. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.