Louisiana State Employees Retirement System trimmed its stake in shares of eBay Inc (NASDAQ:EBAY) by 5.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 54,400 shares of the e-commerce company’s stock after selling 3,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in eBay were worth $1,973,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of eBay by 676.0% in the first quarter. Millennium Management LLC now owns 6,411,341 shares of the e-commerce company’s stock worth $257,992,000 after buying an additional 5,585,174 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of eBay in the first quarter worth about $158,761,000. Summit Trail Advisors LLC lifted its stake in shares of eBay by 3,693.0% in the first quarter. Summit Trail Advisors LLC now owns 2,815,531 shares of the e-commerce company’s stock worth $2,816,000 after buying an additional 2,741,301 shares in the last quarter. Natixis lifted its stake in shares of eBay by 369.2% in the first quarter. Natixis now owns 1,219,891 shares of the e-commerce company’s stock worth $49,088,000 after buying an additional 959,910 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of eBay in the second quarter worth about $33,507,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.
Get eBay alerts:In related news, SVP Stephen Fisher sold 12,408 shares of eBay stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $37.47, for a total value of $464,927.76. Following the completion of the transaction, the senior vice president now owns 87,049 shares in the company, valued at $3,261,726.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie Oh Huber sold 35,631 shares of eBay stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $38.00, for a total transaction of $1,353,978.00. Following the completion of the transaction, the senior vice president now owns 36,070 shares of the company’s stock, valued at approximately $1,370,660. The disclosure for this sale can be found here. Insiders sold 144,114 shares of company stock valued at $5,479,825 in the last 90 days. Company insiders own 6.78% of the company’s stock.
Shares of EBAY opened at $34.20 on Friday. eBay Inc has a 1-year low of $33.93 and a 1-year high of $46.99. The stock has a market cap of $33.90 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.65 and a beta of 1.24. The company has a quick ratio of 2.63, a current ratio of 2.37 and a debt-to-equity ratio of 1.29.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. eBay had a negative net margin of 10.05% and a positive return on equity of 20.57%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. equities research analysts predict that eBay Inc will post 1.84 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on EBAY shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $45.00 price target on shares of eBay in a research note on Tuesday, April 10th. Morgan Stanley raised shares of eBay from an “underweight” rating to an “overweight” rating and decreased their price target for the stock from $36.00 to $34.00 in a research note on Wednesday, April 18th. Aegis reissued a “buy” rating and issued a $54.00 price target (up from $52.00) on shares of eBay in a research note on Thursday, April 19th. Monness Crespi & Hardt raised shares of eBay from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Friday, April 13th. Finally, BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a research report on Tuesday, June 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have given a buy rating to the company. eBay presently has an average rating of “Hold” and an average target price of $46.16.
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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