Henderson Group PLC raised its stake in eBay Inc. (NASDAQ:EBAY) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 382,216 shares of the e-commerce company’s stock after buying an additional 6,037 shares during the period. Henderson Group PLC’s holdings in eBay were worth $8,950,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in shares of eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock worth $125,000 after buying an additional 42 shares during the period. Advisory Services Network LLC increased its stake in shares of eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock worth $114,000 after buying an additional 150 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of eBay by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 9,036 shares of the e-commerce company’s stock worth $212,000 after buying an additional 182 shares during the period. Cypress Capital Group increased its stake in shares of eBay by 1.5% in the first quarter. Cypress Capital Group now owns 12,801 shares of the e-commerce company’s stock worth $305,000 after buying an additional 184 shares during the period. Finally, Washington Trust Bank increased its stake in shares of eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock worth $101,000 after buying an additional 216 shares during the period. Institutional investors own 82.07% of the company’s stock.
Shares of eBay Inc. (NASDAQ:EBAY) traded down 0.25% during trading on Monday, hitting $31.81. The stock had a trading volume of 11,429,784 shares. The stock has a market capitalization of $35.91 billion, a P/E ratio of 19.55 and a beta of 1.17. The stock’s 50-day moving average is $31.99 and its 200-day moving average is $27.43. eBay Inc. has a 12-month low of $21.52 and a 12-month high of $33.19.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The business earned $2.23 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the company posted $0.42 earnings per share. eBay’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts predict that eBay Inc. will post $1.89 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on EBAY shares. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $34.00 price target on shares of eBay in a report on Tuesday, September 27th. Deutsche Bank AG upgraded eBay from a “hold” rating to a “buy” rating and boosted their price target for the company from $30.00 to $40.00 in a report on Wednesday, September 28th. Cantor Fitzgerald reiterated a “hold” rating on shares of eBay in a report on Sunday, August 14th. Hilliard Lyons started coverage on eBay in a research report on Tuesday, August 30th. They set a “long-term buy” rating and a $35.00 price objective for the company. Finally, Goldman Sachs Group Inc. set a $34.00 price objective on eBay and gave the company a “buy” rating in a research report on Thursday, September 8th. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $33.88.
In related news, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $31.95, for a total transaction of $1,597,500.00. Following the completion of the transaction, the director now owns 375,928 shares in the company, valued at $12,010,899.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Raymond J. Pittman sold 39,030 shares of eBay stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total value of $1,254,424.20. Following the transaction, the senior vice president now owns 32,738 shares of the company’s stock, valued at approximately $1,052,199.32. 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.