Mount Vernon Associates Inc. MD Sells 9,645 Shares of eBay Inc. (EBAY)
Mount Vernon Associates Inc. MD lowered its stake in eBay Inc. (NASDAQ:EBAY) by 47.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,530 shares of the e-commerce company’s stock after selling 9,645 shares during the period. Mount Vernon Associates Inc. MD’s holdings in eBay were worth $247,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Round Table Services LLC boosted its position in shares of eBay by 11.8% in the second quarter. Round Table Services LLC now owns 18,933 shares of the e-commerce company’s stock valued at $443,000 after buying an additional 2,002 shares during the last quarter. Bank of Montreal Can purchased a new stake in eBay during the second quarter valued at about $54,715,000. Daiwa Securities Group Inc. raised its stake in eBay by 5.1% in the second quarter. Daiwa Securities Group Inc. now owns 26,650 shares of the e-commerce company’s stock valued at $624,000 after buying an additional 1,300 shares during the period. Northwest Investment Counselors LLC raised its stake in eBay by 9.3% in the second quarter. Northwest Investment Counselors LLC now owns 37,859 shares of the e-commerce company’s stock valued at $886,000 after buying an additional 3,210 shares during the period. Finally, Security National Trust Co. raised its stake in eBay by 2.4% in the second quarter. Security National Trust Co. now owns 12,005 shares of the e-commerce company’s stock valued at $281,000 after buying an additional 285 shares during the period. Institutional investors and hedge funds own 82.08% of the company’s stock.
eBay Inc. (NASDAQ:EBAY) traded down 0.63% during mid-day trading on Monday, reaching $31.57. 5,870,526 shares of the company traded hands. The stock has a market capitalization of $35.64 billion, a price-to-earnings ratio of 19.40 and a beta of 1.13. eBay Inc. has a 12-month low of $21.52 and a 12-month high of $32.81. The company’s 50-day moving average is $31.44 and its 200-day moving average is $26.41.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm earned $2.23 billion during the quarter, compared to analyst estimates of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Equities analysts predict that eBay Inc. will post $1.89 earnings per share for the current fiscal year.
EBAY has been the topic of several analyst reports. Argus reaffirmed a “buy” rating and set a $36.00 price target on shares of eBay in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $34.00 price target on shares of eBay and gave the stock a “buy” rating in a research report on Thursday, July 21st. Robert W. Baird reaffirmed an “outperform” rating and set a $35.00 price target on shares of eBay in a research report on Monday, August 1st. Axiom Securities reaffirmed a “buy” rating and set a $34.00 price target (up from $30.00) on shares of eBay in a research report on Friday, July 15th. Finally, SunTrust Banks Inc. reaffirmed a “neutral” rating and set a $26.00 price target on shares of eBay in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $32.56.
In related news, Director Robert Holmes Swan sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $31.95, for a total transaction of $1,597,500.00. Following the completion of the transaction, the director now owns 375,928 shares in the company, valued at $12,010,899.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Brian J. Doerger sold 23,958 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $30.56, for a total value of $732,156.48. Following the transaction, the vice president now owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
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