WINTON GROUP Ltd raised its holdings in shares of eBay Inc (NASDAQ:EBAY) by 359.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,574 shares of the e-commerce company’s stock after acquiring an additional 228,857 shares during the quarter. WINTON GROUP Ltd’s holdings in eBay were worth $9,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. State of Alaska Department of Revenue boosted its stake in shares of eBay by 9.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 138,272 shares of the e-commerce company’s stock valued at $5,012,000 after buying an additional 12,226 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of eBay by 4.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 189,885 shares of the e-commerce company’s stock valued at $6,885,000 after buying an additional 7,222 shares during the last quarter. Gateway Investment Advisers LLC purchased a new position in shares of eBay during the 2nd quarter valued at approximately $21,290,000. NN Investment Partners Holdings N.V. boosted its stake in shares of eBay by 140.7% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 260,200 shares of the e-commerce company’s stock valued at $9,435,000 after buying an additional 152,105 shares during the last quarter. Finally, Cohen Klingenstein LLC purchased a new position in shares of eBay during the 2nd quarter valued at approximately $334,000. 85.05% of the stock is currently owned by institutional investors and hedge funds.
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 sale, the senior vice president now directly owns 128,457 shares of the company’s stock, valued at $4,506,271.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.78% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on EBAY shares. TheStreet raised eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, September 12th. FIX lowered eBay from a “buy” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $33.00 in a research report on Monday, October 22nd. Citigroup upped their price target on eBay from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Benchmark reissued a “buy” rating and set a $50.00 price target on shares of eBay in a research report on Tuesday, October 16th. Finally, Mizuho reissued an “underperform” rating and set a $30.00 price target on shares of eBay in a research report on Wednesday, October 31st. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $40.97.
Shares of NASDAQ EBAY opened at $29.63 on Friday. eBay Inc has a 1-year low of $26.36 and a 1-year high of $46.99. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $28.75 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.69 and a beta of 1.32.
eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that eBay Inc will post 1.84 EPS for the current fiscal year.
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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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