BlackRock Inc. lessened its position in eBay Inc (NASDAQ:EBAY) by 2.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,048,671 shares of the e-commerce company’s stock after selling 1,610,176 shares during the period. BlackRock Inc. owned approximately 6.04% of eBay worth $2,416,359,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Scotia Capital Inc. lifted its position in shares of eBay by 246.9% during the 4th quarter. Scotia Capital Inc. now owns 28,993 shares of the e-commerce company’s stock worth $1,094,000 after purchasing an additional 20,636 shares during the last quarter. Midas Management Corp acquired a new position in eBay in the 4th quarter valued at approximately $2,642,000. AXA raised its holdings in eBay by 11.2% in the 4th quarter. AXA now owns 2,279,643 shares of the e-commerce company’s stock valued at $86,034,000 after acquiring an additional 229,350 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of eBay by 27.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 43,309 shares of the e-commerce company’s stock worth $1,743,000 after buying an additional 9,308 shares in the last quarter. Finally, Carnick & Kubik Group LLC acquired a new position in shares of eBay in the 4th quarter worth approximately $1,366,000. Institutional investors and hedge funds own 86.32% of the company’s stock.
EBAY traded down $0.33 during trading on Thursday, reaching $39.00. 9,350,600 shares of the stock traded hands, compared to its average volume of 10,150,381. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $40.25 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. eBay Inc has a 12 month low of $33.89 and a 12 month high of $46.99.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 25th. The e-commerce company reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. eBay had a negative net margin of 16.56% and a positive return on equity of 18.06%. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. research analysts predict that eBay Inc will post 1.84 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. BidaskClub upgraded eBay from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Argus increased their price objective on eBay to $50.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Credit Suisse Group set a $51.00 price target on eBay and gave the company a “buy” rating in a research note on Wednesday, February 28th. UBS Group raised eBay from a “market perform” rating to a “strong-buy” rating in a research note on Friday, March 2nd. Finally, Raymond James raised eBay from a “market perform” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. eBay currently has an average rating of “Buy” and an average price target of $46.41.
In other eBay news, VP Brian J. Doerger sold 9,232 shares of the stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $38.15, for a total value of $352,200.80. Following the completion of the sale, the vice president now owns 32,909 shares in the company, valued at approximately $1,255,478.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Stephen Fisher sold 86,843 shares of the stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $38.10, for a total transaction of $3,308,718.30. The disclosure for this sale can be found here. Insiders sold a total of 185,558 shares of company stock worth $7,242,024 in the last 90 days. 6.22% of the stock is currently owned by company insiders.
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform 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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