Quantitative Systematic Strategies LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, Holdings Channel reports. The institutional investor acquired 9,366 shares of the e-commerce company’s stock, valued at approximately $218,000.
Several other large investors have also recently bought and sold shares of the stock. Virginia Retirement System purchased a new stake in eBay during the first quarter valued at about $418,000. Credit Agricole S A increased its stake in shares of eBay by 179.2% in the first quarter. Credit Agricole S A now owns 938,596 shares of the e-commerce company’s stock valued at $22,395,000 after buying an additional 602,421 shares during the period. BB&T Securities LLC increased its stake in shares of eBay by 2.2% in the first quarter. BB&T Securities LLC now owns 104,128 shares of the e-commerce company’s stock valued at $2,484,000 after buying an additional 2,198 shares during the period. Cypress Capital Management LLC increased its stake in shares of eBay by 0.4% in the first quarter. Cypress Capital Management LLC now owns 133,811 shares of the e-commerce company’s stock valued at $3,193,000 after buying an additional 516 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of eBay during the first quarter valued at $691,000. Hedge funds and other institutional investors own 82.07% of the company’s stock.
eBay Inc. (NASDAQ:EBAY) traded down 0.25% during trading on Monday, reaching $31.81. The company had a trading volume of 11,429,784 shares. The firm has a 50-day moving average price of $32.01 and a 200 day moving average price of $27.54. eBay Inc. has a 12-month low of $21.52 and a 12-month high of $33.19. The stock has a market cap of $35.91 billion, a P/E ratio of 19.55 and a beta of 1.17.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The business earned $2.23 billion during 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 firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Equities research analysts predict that eBay Inc. will post $1.89 EPS for the current fiscal year.
Several equities research analysts have weighed in on EBAY shares. JPMorgan Chase & Co. restated a “hold” rating and set 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 upped their price target for the stock from $30.00 to $40.00 in a report on Wednesday, September 28th. Cantor Fitzgerald restated a “hold” rating on shares of eBay in a report on Sunday, August 14th. Hilliard Lyons started coverage on eBay in a report on Tuesday, August 30th. They set a “long-term buy” rating and a $35.00 price target on the stock. Finally, Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the stock a “buy” rating in a report on Thursday, September 8th. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.88.
In related news, VP Brian J. Doerger sold 23,958 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $30.56, for a total value of $732,156.48. Following the completion of the transaction, the vice president now owns 48,605 shares of the company’s stock, valued at $1,485,368.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Raymond J. Pittman sold 39,030 shares of the stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total transaction of $1,254,424.20. Following the completion of the transaction, the senior vice president now directly 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. 7.40% of the stock is currently owned by corporate insiders.
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.