Today, 35,530 Shares of eBay Inc. (EBAY) are sold by North Star Asset Management Inc.

Today, 35,530 Shares of eBay Inc. (EBAY) are sold by North Star Asset Management Inc.

North Star Asset Management Inc. lowered its stake in eBay Inc. (NASDAQ:EBAY) by 71.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,190 shares of the e-commerce company’s stock after selling 35,530 shares during the period. North Star Asset Management Inc.’s holdings in eBay were worth $332,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. AMP Capital Investors Ltd increased its stake in eBay by 18.6% in the first quarter. AMP Capital Investors Ltd now owns 1,632,449 shares of the e-commerce company’s stock valued at $39,243,000 after buying an additional 255,722 shares during the period. Cullen Frost Bankers Inc. increased its stake in eBay by 3.4% in the second quarter. Cullen Frost Bankers Inc. now owns 795,774 shares of the e-commerce company’s stock valued at $18,629,000 after buying an additional 25,907 shares during the last quarter. Davis R M Inc. increased its stake in eBay by 36.4% in the second quarter. Davis R M Inc. now owns 12,000 shares of the e-commerce company’s stock valued at $281,000 after buying an additional 3,200 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in eBay during the first quarter valued at $2,887,000. Finally, Creative Planning increased its stake in eBay by 19.2% in the second quarter. Creative Planning now owns 22,906 shares of the e-commerce company’s stock valued at $536,000 after buying an additional 3,683 shares during the last quarter. 82.07% of the stock is currently owned by hedge funds and other institutional investors.

eBay Inc. (NASDAQ:EBAY) traded down 0.079% during mid-day trading on Tuesday, reaching $31.785. 5,899,300 shares of the company’s stock traded hands. eBay Inc. has a 1-year low of $21.52 and a 1-year high of $33.19. The stock has a market cap of $35.89 billion, a P/E ratio of 19.536 and a beta of 1.17. The firm has a 50-day moving average price of $32.01 and a 200-day moving average price of $27.54.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. eBay had a net margin of 22.00% and a return on equity of 29.12%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Equities research analysts anticipate that eBay Inc. will post $1.89 EPS for the current fiscal year.

EBAY has been the subject of several research analyst reports. Axiom Securities reissued a “buy” rating and issued a $34.00 target price (up previously from $30.00) on shares of eBay in a research report on Friday, July 15th. Zacks Investment Research raised shares of eBay from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, July 13th. Robert W. Baird reissued a “buy” rating and issued a $30.00 target price on shares of eBay in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. set a $30.00 target price on shares of eBay and gave the stock a “buy” rating in a research report on Monday, July 11th. Finally, Brean Capital initiated coverage on shares of eBay in a research report on Wednesday, June 22nd. They issued a “buy” rating for the company. Three analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $33.95.

In related news, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $30.65, for a total transaction of $1,532,500.00. Following the transaction, the director now owns 425,288 shares of the company’s stock, valued at approximately $13,035,077.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $30.56, for a total transaction of $732,156.48. Following the transaction, the vice president now directly owns 48,605 shares in the company, valued at approximately $1,485,368.80. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

eBay Company Profile

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.

Related posts

Leave a Comment