Trading Report: Today: UBS Asset Management Americas Inc. Sold shares of eBay Inc. (EBAY)

Today: UBS Asset Management Americas Inc. Sold shares of 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 institutional investor 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 about 0.30% of eBay worth $108,590,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mycio Wealth Partners LLC increased its position in shares of eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock worth $100,000 after buying an additional 949 shares in the last quarter. Washington Trust Bank increased its position 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 in the last quarter. Physicians Financial Services Inc. increased its position in shares of eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock worth $108,000 after buying an additional 300 shares in the last quarter. NEXT Financial Group Inc increased its position in shares of eBay by 39.2% in the third quarter. NEXT Financial Group Inc now owns 3,411 shares of the e-commerce company’s stock worth $112,000 after buying an additional 960 shares in the last quarter. Finally, Advisory Services Network LLC increased its position 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 in the last quarter. Institutional investors and hedge funds own 83.29% of the company’s stock.

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

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.19 billion. eBay had a net margin of 20.29% and a return on equity of 28.67%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. On average, equities research analysts expect that eBay Inc. will post $1.88 earnings per share for the current year.

A number of research firms have recently issued reports on EBAY. Mizuho increased their price objective on shares of eBay from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, October 20th. Goldman Sachs Group Inc. set a $34.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Tuesday, August 16th. Robert W. Baird reiterated an “outperform” rating and set a $35.00 price objective on shares of eBay in a research note on Monday, August 1st. Piper Jaffray Cos. reiterated a “neutral” rating and set a $25.00 price objective on shares of eBay in a research note on Saturday, October 15th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of eBay in a research note on Saturday, October 22nd. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.59.

In other news, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $31.95, for a total transaction of $1,597,500.00. Following the sale, the director now owns 375,928 shares in the company, valued at $12,010,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen Fisher sold 39,764 shares of eBay stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $29.20, for a total transaction of $1,161,108.80. Following the sale, the senior vice president now owns 120,563 shares in the company, valued at approximately $3,520,439.60. The disclosure for this sale can be found here. 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.

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