Family Capital Trust Co continued to hold its position in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,622 shares of the e-commerce company’s stock at the end of the second quarter. eBay accounts for about 0.5% of Family Capital Trust Co’s portfolio, making the stock its 29th largest position. Family Capital Trust Co’s holdings in eBay were worth $927,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of EBAY. Tealwood Asset Management Inc. boosted its position in eBay by 3.1% in the second quarter. Tealwood Asset Management Inc. now owns 62,082 shares of the e-commerce company’s stock worth $1,453,000 after buying an additional 1,872 shares during the last quarter. Quadrant Capital Group LLC boosted its position 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 last quarter. LMR Partners LLP acquired a new position in eBay during the second quarter worth about $2,439,000. Grandfield & Dodd LLC boosted its position in eBay by 7.7% in the second quarter. Grandfield & Dodd LLC now owns 304,358 shares of the e-commerce company’s stock worth $7,125,000 after buying an additional 21,746 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in eBay during the second quarter worth about $1,907,000. 82.00% of the stock is owned by hedge funds and other institutional investors.
eBay Inc. (NASDAQ:EBAY) traded down 1.59% during midday trading on Friday, hitting $31.62. The company had a trading volume of 10,049,337 shares. The firm’s 50 day moving average is $31.85 and its 200-day moving average is $27.14. eBay Inc. has a 52 week low of $21.52 and a 52 week high of $33.19. The firm has a market capitalization of $35.70 billion, a P/E 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 EPS for the quarter, beating the 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 business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. eBay’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts expect that eBay Inc. will post $1.89 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. Canaccord Genuity reissued a “hold” rating and issued a $28.00 target price on shares of eBay in a research note on Tuesday. Pacific Crest cut eBay to a “sell” rating in a research report on Saturday, October 1st. Deutsche Bank AG raised eBay from a “hold” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $40.00 in a research report on Wednesday, September 28th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $34.00 price objective on shares of eBay in a research report on Tuesday, September 27th. Finally, Axiom Securities upped their price objective on eBay from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.03.
In other eBay news, SVP Raymond J. Pittman sold 39,030 shares of the business’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 sale, the senior vice president now owns 32,738 shares of the company’s stock, valued at approximately $1,052,199.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jae Hyun Lee sold 11,768 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $31.00, for a total transaction of $364,808.00. Following the sale, the senior vice president now directly owns 120,977 shares in the company, valued at approximately $3,750,287. 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.
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).
Receive News & Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related companies with MarketBeat.com's FREE daily email newsletter.