Northern Capital Management LLC reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 67,760 shares of the e-commerce company’s stock after selling 730 shares during the period. Northern Capital Management LLC’s holdings in eBay were worth $1,586,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in EBAY. Wellington Management Group LLP boosted its stake in 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 worth $269,578,000 after buying an additional 8,756,950 shares during the last quarter. Lazard Asset Management LLC boosted its stake in 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 worth $385,203,000 after buying an additional 7,117,937 shares during the last quarter. Bank of Montreal Can acquired a new stake in eBay during the second quarter worth about $54,715,000. Nordea Investment Management AB boosted its stake in 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 worth $408,556,000 after buying an additional 1,773,314 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its stake in 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 worth $453,742,000 after buying an additional 1,367,451 shares during the last quarter. 82.00% of the stock is owned by institutional investors.
Shares of eBay Inc. (NASDAQ:EBAY) traded up 1.86% during midday trading on Friday, reaching $32.90. The company’s stock had a trading volume of 11,958,123 shares. The company’s 50-day moving average price is $31.63 and its 200 day moving average price is $26.83. The company has a market capitalization of $37.14 billion, a P/E ratio of 20.22 and a beta of 1.13. eBay Inc. has a 12-month low of $21.52 and a 12-month high of $33.19.
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 consensus estimate of $0.42 by $0.01. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. On average, equities research analysts forecast that eBay Inc. will post $1.89 earnings per share for the current year.
A number of research firms recently issued reports on EBAY. Goldman Sachs Group Inc. set a $34.00 target price on eBay and gave the stock a “buy” rating in a research note on Thursday, September 8th. Axiom Securities increased their target price on eBay from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Robert W. Baird reaffirmed an “outperform” rating and set a $35.00 price target on shares of eBay in a research report on Saturday, September 10th. Deutsche Bank AG raised 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. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $34.00 price target on shares of eBay in a research report on Tuesday. Two 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 issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.03.
In other news, Director Robert Holmes Swan sold 50,000 shares of the stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.65, for a total transaction of $1,532,500.00. Following the transaction, the director now directly owns 425,288 shares in the company, valued at approximately $13,035,077.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jae Hyun Lee sold 11,768 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $31.00, for a total value of $364,808.00. Following the transaction, the senior vice president now owns 120,977 shares in the company, valued at $3,750,287. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
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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