Assenagon Asset Management S.A. trimmed its position in shares of eBay Inc (NASDAQ:EBAY) by 83.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,482 shares of the e-commerce company’s stock after selling 227,935 shares during the quarter. Assenagon Asset Management S.A.’s holdings in eBay were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of eBay by 0.4% during the 2nd quarter. BlackRock Inc. now owns 60,262,860 shares of the e-commerce company’s stock valued at $2,185,132,000 after buying an additional 214,189 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of eBay by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,411,959 shares of the e-commerce company’s stock valued at $409,843,000 after buying an additional 344,897 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of eBay by 49.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,182,128 shares of the e-commerce company’s stock valued at $441,723,000 after buying an additional 4,036,288 shares during the period. First Trust Advisors LP lifted its holdings in shares of eBay by 15.1% during the 3rd quarter. First Trust Advisors LP now owns 9,476,950 shares of the e-commerce company’s stock valued at $312,929,000 after buying an additional 1,245,198 shares during the period. Finally, Lindsell Train Ltd lifted its holdings in shares of eBay by 27.4% during the 3rd quarter. Lindsell Train Ltd now owns 7,844,900 shares of the e-commerce company’s stock valued at $259,039,000 after buying an additional 1,687,500 shares during the period. 85.05% of the stock is currently owned by hedge funds and other institutional investors.
In other eBay news, SVP Jae Hyun Lee sold 26,204 shares of the stock in a transaction 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 sale, 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.78% of the company’s stock.
Shares of EBAY stock opened at $29.63 on Friday. eBay Inc has a 52-week low of $26.36 and a 52-week high of $46.99. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $28.84 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the business posted $0.48 EPS. eBay’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts expect that eBay Inc will post 1.84 EPS for the current year.
EBAY has been the topic of several research analyst reports. UBS Group lowered their price target on eBay from $47.00 to $44.00 and set a “$34.11” rating on the stock in a report on Thursday, July 19th. Morgan Stanley decreased their target price on eBay from $58.00 to $55.00 and set a “$34.11” rating on the stock in a report on Thursday, July 19th. Guggenheim reaffirmed a “$37.95” rating on shares of eBay in a report on Wednesday, July 18th. TheStreet raised eBay from a “c+” rating to a “b-” rating in a report on Wednesday, September 12th. Finally, DA Davidson decreased their target price on eBay to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 19th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $40.97.
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eBay Company Profile
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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