eBay Inc (NASDAQ:EBAY) Shares Purchased by Lakeview Capital Partners LLC

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Lakeview Capital Partners LLC boosted its stake in shares of eBay Inc (NASDAQ:EBAY) by 5.6% during the third quarter, HoldingsChannel.com reports. The firm owned 8,253 shares of the e-commerce company’s stock after acquiring an additional 438 shares during the period. Lakeview Capital Partners LLC’s holdings in eBay were worth $322,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nuveen Asset Management LLC boosted its position in eBay by 1,128.3% during the second quarter. Nuveen Asset Management LLC now owns 11,368,581 shares of the e-commerce company’s stock worth $449,059,000 after purchasing an additional 10,443,045 shares during the period. Renaissance Technologies LLC lifted its holdings in eBay by 247.4% during the 2nd quarter. Renaissance Technologies LLC now owns 11,685,728 shares of the e-commerce company’s stock worth $461,586,000 after purchasing an additional 8,322,388 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in eBay by 835.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 2,371,109 shares of the e-commerce company’s stock worth $93,659,000 after purchasing an additional 2,117,595 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in eBay by 3,187.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,771,690 shares of the e-commerce company’s stock worth $69,060,000 after purchasing an additional 1,717,804 shares in the last quarter. Finally, Lindsell Train Ltd lifted its holdings in eBay by 14.7% during the 2nd quarter. Lindsell Train Ltd now owns 10,174,900 shares of the e-commerce company’s stock worth $401,807,000 after purchasing an additional 1,301,000 shares in the last quarter. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ EBAY traded up $0.25 during mid-day trading on Friday, hitting $35.14. 10,559,700 shares of the stock traded hands, compared to its average volume of 9,557,985. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.41 and a current ratio of 1.41. eBay Inc has a 52 week low of $26.01 and a 52 week high of $42.00. The company has a market cap of $28.86 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.51 and a beta of 1.38. The stock has a fifty day moving average price of $37.76 and a 200-day moving average price of $38.72.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. eBay had a return on equity of 44.15% and a net margin of 18.33%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. eBay’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that eBay Inc will post 2.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is currently 24.14%.

In related news, CEO Devin Wenig sold 10,000 shares of eBay stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $39.86, for a total value of $398,600.00. Following the completion of the sale, the chief executive officer now owns 1,022,419 shares of the company’s stock, valued at $40,753,621.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.22% of the company’s stock.

Several analysts have weighed in on EBAY shares. Macquarie set a $44.00 price target on eBay and gave the company a “hold” rating in a report on Thursday, September 26th. DA Davidson lifted their price objective on eBay to $47.00 and gave the stock a “reduce” rating in a research report on Thursday, July 18th. Canaccord Genuity lifted their price objective on eBay from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. BidaskClub lowered eBay from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Morgan Stanley cut their price objective on eBay from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company. eBay presently has a consensus rating of “Hold” and a consensus target price of $42.46.

eBay Company Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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