Todays Report: Today: UBS Asset Management Americas Inc. Reduces stake in eBay Inc. (EBAY)

Today: UBS Asset Management Americas Inc. Reduces stake in eBay Inc. (EBAY)

UBS Asset Management Americas Inc. reduced its position in eBay Inc. (NASDAQ:EBAY) by 2.0% during the third quarter, Holdings Channel reports. The fund owned 3,300,598 shares of the e-commerce company’s stock after selling 68,799 shares during the period. UBS Asset Management Americas Inc. owned 0.30% of eBay worth $108,590,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake 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 worth $125,000 after buying an additional 42 shares during the period. Fulton Bank N.A. increased its stake in eBay by 0.7% in the third quarter. Fulton Bank N.A. now owns 9,042 shares of the e-commerce company’s stock worth $298,000 after buying an additional 63 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in eBay by 0.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,938 shares of the e-commerce company’s stock worth $676,000 after buying an additional 91 shares during the period. Hartford Financial Management Inc. increased its stake in eBay by 2.9% in the third quarter. Hartford Financial Management Inc. now owns 3,570 shares of the e-commerce company’s stock worth $117,000 after buying an additional 100 shares during the period. Finally, Alpha Windward LLC increased its stake in eBay by 2.1% in the third quarter. Alpha Windward LLC now owns 5,243 shares of the e-commerce company’s stock worth $172,000 after buying an additional 110 shares during the period. Institutional investors own 83.29% of the company’s stock.

eBay Inc. (NASDAQ:EBAY) traded down 0.501% during trading on Monday, hitting $28.805. 3,553,582 shares of the stock traded hands. The company’s 50 day moving average price is $29.41 and its 200-day moving average price is $28.39. The stock has a market cap of $32.20 billion, a P/E ratio of 18.500 and a beta of 1.33. eBay Inc. has a 52-week low of $21.52 and a 52-week high of $33.19.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 19th. The e-commerce company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The company earned $2.22 billion during the quarter, compared to the consensus estimate of $2.19 billion. eBay had a net margin of 20.29% and a return on equity of 28.67%. eBay’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. Equities research analysts forecast that eBay Inc. will post $1.88 earnings per share for the current fiscal year.

A number of research firms have commented on EBAY. Pacific Crest downgraded shares of eBay to a “sell” rating in a research report on Saturday, October 1st. Canaccord Genuity reissued a “hold” rating and set a $28.00 price objective on shares of eBay in a research report on Tuesday, October 4th. Vetr downgraded shares of eBay from a “buy” rating to a “hold” rating and set a $33.37 price objective for the company. in a research report on Wednesday, October 19th. Mizuho boosted their price objective on shares of eBay from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, October 20th. Finally, Jefferies Group reissued a “hold” rating and set a $32.00 price objective on shares of eBay in a research report on Thursday, October 20th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $34.59.

In other eBay news, SVP Raymond J. Pittman sold 39,030 shares of the company’s stock in a transaction on Wednesday, August 31st. The shares were 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 owns 32,738 shares in the company, valued at approximately $1,052,199.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Brian J. Doerger sold 18,000 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $28.93, for a total transaction of $520,740.00. Following the transaction, the chief accounting officer now owns 39,947 shares of the company’s stock, valued at approximately $1,155,666.71. The disclosure for this sale can be found here. Company 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.

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