Trade Report: The Rice Hall James & Associates LLC Takes Position in eBay Inc. (EBAY)

The Rice Hall James & Associates LLC Takes Position in eBay Inc. (EBAY)

Rice Hall James & Associates LLC bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 81,451 shares of the e-commerce company’s stock, valued at approximately $1,907,000.

Several other large investors have also recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of eBay by 344.6% in the first quarter. Wellington Management Group LLP now owns 11,298,332 shares of the e-commerce company’s stock valued at $269,578,000 after buying an additional 8,756,950 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of eBay by 78.9% in the first quarter. Lazard Asset Management LLC now owns 16,144,360 shares of the e-commerce company’s stock valued at $385,203,000 after buying an additional 7,117,937 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of eBay during the second quarter valued at approximately $54,715,000. Nordea Investment Management AB increased its stake in shares of eBay by 11.3% in the second quarter. Nordea Investment Management AB now owns 17,452,193 shares of the e-commerce company’s stock valued at $408,556,000 after buying an additional 1,773,314 shares in the last quarter. Finally, Fiduciary Management Inc. WI increased its stake in shares of eBay by 7.7% in the first quarter. Fiduciary Management Inc. WI now owns 19,016,842 shares of the e-commerce company’s stock valued at $453,742,000 after buying an additional 1,367,451 shares in the last quarter. Institutional investors own 82.00% of the company’s stock.

Shares of eBay Inc. (NASDAQ:EBAY) traded down 1.59% on Friday, hitting $31.62. The stock had a trading volume of 10,114,479 shares. The stock has a 50 day moving average of $31.88 and a 200-day moving average of $27.19. 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 $35.70 billion, a PE ratio of 19.43 and a beta of 1.17.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, beating the Zacks’ 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 company earned $2.23 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the company earned $0.42 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts anticipate that eBay Inc. will post $1.89 EPS for the current year.

Several brokerages recently issued reports on EBAY. Argus reiterated a “buy” rating and set a $36.00 price target on shares of eBay in a research report on Tuesday, July 26th. Deutsche Bank AG upgraded shares of 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 research report on Wednesday, September 28th. Goldman Sachs Group Inc. set a $34.00 price target on shares of eBay and gave the stock a “buy” rating in a research report on Thursday, July 21st. Robert W. Baird reiterated an “outperform” rating and set a $35.00 price target on shares of eBay in a research report on Monday, August 1st. Finally, Axiom Securities reiterated a “buy” rating and set a $34.00 price target (up previously from $30.00) on shares of eBay in a research report on Friday, July 15th. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $33.03.

In related news, VP Brian J. Doerger sold 23,958 shares of the firm’s 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 completion of the transaction, the vice president now owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kristin A. Yetto sold 17,596 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $30.79, for a total value of $541,780.84. Following the transaction, the senior vice president now directly owns 19,346 shares of the company’s stock, valued at approximately $595,663.34. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

About eBay

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