Pendal Group Ltd Lowers Holdings in eBay Inc (EBAY)

Pendal Group Ltd lessened its position in shares of eBay Inc (NASDAQ:EBAY) by 41.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,501 shares of the e-commerce company’s stock after selling 32,516 shares during the period. Pendal Group Ltd’s holdings in eBay were worth $1,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EBAY. BKD Wealth Advisors LLC boosted its position in shares of eBay by 13.7% in the second quarter. BKD Wealth Advisors LLC now owns 11,193 shares of the e-commerce company’s stock worth $406,000 after buying an additional 1,345 shares during the period. Korea Investment CORP boosted its position in shares of eBay by 0.4% in the second quarter. Korea Investment CORP now owns 404,131 shares of the e-commerce company’s stock worth $14,654,000 after buying an additional 1,500 shares during the period. Timber Creek Capital Management LLC boosted its position in shares of eBay by 2.8% in the second quarter. Timber Creek Capital Management LLC now owns 57,455 shares of the e-commerce company’s stock worth $2,083,000 after buying an additional 1,540 shares during the period. MUFG Americas Holdings Corp boosted its position in shares of eBay by 11.7% in the second quarter. MUFG Americas Holdings Corp now owns 14,953 shares of the e-commerce company’s stock worth $542,000 after buying an additional 1,567 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of eBay by 8.6% in the second quarter. D.A. Davidson & CO. now owns 19,849 shares of the e-commerce company’s stock worth $720,000 after buying an additional 1,568 shares during the period. 85.05% of the stock is owned by hedge funds and other institutional investors.

In other eBay news, SVP Jae Hyun Lee sold 26,204 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total transaction of $919,236.32. Following the sale, the senior vice president now owns 128,457 shares in the company, valued at $4,506,271.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.78% of the company’s stock.

EBAY has been the subject of several analyst reports. UBS Group decreased their target price on eBay from $47.00 to $44.00 and set a “$34.11” rating for the company in a research 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 for the company in a research report on Thursday, July 19th. Guggenheim reaffirmed a “$37.95” rating on shares of eBay in a research report on Wednesday, July 18th. TheStreet raised eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, September 12th. Finally, DA Davidson decreased their target price on eBay to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 19th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.97.

Shares of EBAY opened at $29.63 on Friday. The stock has a market capitalization of $28.75 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32. eBay Inc has a one year low of $26.36 and a one year 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.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.65 billion. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. eBay’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 earnings per share. On average, research analysts anticipate that eBay Inc will post 1.84 EPS for the current year.

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eBay 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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