O Shaughnessy Asset Management LLC boosted its holdings in shares of eBay Inc (NASDAQ:EBAY) by 250.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 265,017 shares of the e-commerce company’s stock after purchasing an additional 189,366 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in eBay were worth $8,723,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of EBAY. Penserra Capital Management LLC increased its stake in eBay by 20.1% in the 3rd quarter. Penserra Capital Management LLC now owns 444,912 shares of the e-commerce company’s stock worth $14,689,000 after acquiring an additional 74,606 shares during the last quarter. Equity Investment Corp increased its stake in eBay by 58.1% in the 3rd quarter. Equity Investment Corp now owns 3,140,719 shares of the e-commerce company’s stock worth $103,707,000 after acquiring an additional 1,154,030 shares during the last quarter. ProVise Management Group LLC bought a new stake in eBay in the 3rd quarter worth approximately $3,544,000. FTB Advisors Inc. increased its stake in eBay by 5.9% in the 3rd quarter. FTB Advisors Inc. now owns 205,078 shares of the e-commerce company’s stock worth $7,834,000 after acquiring an additional 11,411 shares during the last quarter. Finally, Brookstone Capital Management bought a new stake in eBay in the 3rd quarter worth approximately $217,000. 85.05% of the stock is currently owned by institutional investors.
In other news, SVP Jae Hyun Lee sold 26,204 shares of eBay stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total value of $919,236.32. Following the completion of the transaction, the senior vice president now owns 128,457 shares in the company, valued at approximately $4,506,271.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.78% of the stock is currently owned by insiders.
Shares of eBay stock opened at $29.63 on Friday. The company has a market capitalization of $28.75 billion, a PE ratio of 18.18, a P/E/G ratio of 1.69 and a beta of 1.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.74 and a quick ratio of 1.74. eBay Inc has a one year low of $26.36 and a one year high of $46.99.
eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. As a group, research analysts forecast that eBay Inc will post 1.84 earnings per share for the current year.
EBAY has been the topic of a number of research reports. TheStreet raised eBay from a “c+” rating to a “b-” rating in a research note on Wednesday, September 12th. BidaskClub downgraded eBay from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 25th. Wedbush reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of eBay in a research note on Thursday, September 13th. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price objective on shares of eBay in a research note on Monday, September 3rd. Finally, FIX downgraded eBay from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $44.00 to $33.00 in a research note on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.97.
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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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