Robeco Institutional Asset Management B.V. Lowers Stake in eBay Inc. (EBAY)
Robeco Institutional Asset Management B.V. lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 82.7% during the second quarter, Holdings Channel reports. The institutional investor owned 201,718 shares of the e-commerce company’s stock after selling 967,189 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in eBay were worth $4,723,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Washington Trust Bank raised its stake in eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock worth $101,000 after buying an additional 216 shares in the last quarter. Parametric Risk Advisors LLC purchased a new stake in eBay during the first quarter worth about $143,000. Exane Derivatives raised its stake in eBay by 110.1% in the first quarter. Exane Derivatives now owns 8,761 shares of the e-commerce company’s stock worth $209,000 after buying an additional 4,592 shares in the last quarter. Fulton Bank N.A. purchased a new stake in eBay during the second quarter worth about $211,000. Finally, Checchi Capital Advisers LLC raised its stake in eBay by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 9,036 shares of the e-commerce company’s stock worth $212,000 after buying an additional 182 shares in the last quarter. 82.08% of the stock is owned by institutional investors and hedge funds.
eBay Inc. (NASDAQ:EBAY) traded down 0.66% during mid-day trading on Friday, hitting $31.77. 10,979,853 shares of the stock were exchanged. The company has a market capitalization of $35.87 billion, a PE ratio of 19.53 and a beta of 1.13. eBay Inc. has a 1-year low of $21.52 and a 1-year high of $32.81. The stock has a 50 day moving average price of $31.38 and a 200 day moving average price of $26.18.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The company earned $2.23 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that eBay Inc. will post $1.89 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Susquehanna restated a “positive” rating and set a $34.00 price target (up previously from $32.00) on shares of eBay in a report on Thursday, July 21st. Mizuho boosted their price target on shares of eBay from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Tuesday, August 16th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 price objective on shares of eBay in a research note on Tuesday, July 12th. Finally, Axiom Securities upped their price objective on shares of eBay from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Two analysts have rated the stock with a sell rating, twenty-three have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. eBay currently has a consensus rating of “Hold” and a consensus price target of $32.56.
In other eBay news, Director Robert Holmes Swan sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $31.95, for a total transaction of $1,597,500.00. Following the completion of the sale, the director now owns 375,928 shares of the company’s stock, valued at approximately $12,010,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian J. Doerger sold 23,958 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $30.56, for a total transaction of $732,156.48. Following the sale, the vice president now directly 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. Company insiders own 7.40% of the company’s stock.
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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