Capital Fund Management S.A. decreased its position in eBay Inc. (NASDAQ:EBAY) by 45.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,588 shares of the e-commerce company’s stock after selling 202,923 shares during the period. Capital Fund Management S.A.’s holdings in eBay were worth $5,656,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of EBAY. Washington Trust Bank boosted 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. Parametric Risk Advisors LLC purchased a new position in shares of eBay during the first quarter worth about $143,000. Exane Derivatives boosted its position in shares of eBay by 110.1% in the first quarter. Exane Derivatives now owns 8,761 shares of the e-commerce company’s stock worth $209,000 after buying an additional 4,592 shares in the last quarter. Fulton Bank N.A. purchased a new position in shares of eBay during the second quarter worth about $211,000. Finally, Checchi Capital Advisers LLC boosted its position in shares of eBay by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 9,036 shares of the e-commerce company’s stock worth $212,000 after buying an additional 182 shares in the last quarter. 82.00% of the stock is owned by institutional investors and hedge funds.
eBay Inc. (NASDAQ:EBAY) traded up 1.86% during mid-day trading on Friday, hitting $32.90. 11,959,853 shares of the stock traded hands. The firm has a market capitalization of $37.14 billion, a P/E ratio of 20.22 and a beta of 1.13. The company has a 50-day moving average of $31.68 and a 200 day moving average of $26.89. eBay Inc. has a 1-year low of $21.52 and a 1-year high of $33.19.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 return on equity of 29.12% and a net margin of 22.00%. eBay’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. On average, equities research analysts anticipate that eBay Inc. will post $1.89 EPS for the current year.
A number of brokerages recently issued reports on EBAY. Deutsche Bank AG restated a “hold” rating on shares of eBay in a report on Sunday, July 10th. Cantor Fitzgerald restated a “hold” rating on shares of eBay in a report on Saturday, July 9th. Goldman Sachs Group Inc. set a $34.00 price objective on shares of eBay and gave the company a “buy” rating in a report on Thursday, July 21st. Monness Crespi & Hardt boosted their price objective on shares of eBay from $29.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, Robert W. Baird restated an “outperform” rating and set a $35.00 price objective on shares of eBay in a report on Monday, August 8th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. eBay presently has an average rating of “Hold” and a consensus price target of $33.03.
In other news, SVP Jae Hyun Lee sold 11,768 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $31.00, for a total transaction of $364,808.00. Following the completion of the sale, the senior vice president now owns 120,977 shares of the company’s stock, valued at $3,750,287. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Kristin A. Yetto sold 17,596 shares of the 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 sale, 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. 7.40% of the stock is owned by company insiders.
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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