Acadian Asset Management LLC Holds Stake in eBay Inc. (EBAY)
Acadian Asset Management LLC maintained its position in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, Holdings Channel reports. The institutional investor owned 5,853 shares of the e-commerce company’s stock at the end of the second quarter. Acadian Asset Management LLC’s holdings in eBay were worth $205,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. Capital One National Association increased its position in shares of eBay by 0.5% in the first quarter. Capital One National Association now owns 7,255 shares of the e-commerce company’s stock valued at $244,000 after buying an additional 39 shares during the period. Trust Co. of Vermont increased its stake in shares of eBay by 0.3% in the second quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after buying an additional 40 shares during the last quarter. Welch & Forbes LLC increased its stake in shares of eBay by 0.6% in the first quarter. Welch & Forbes LLC now owns 7,708 shares of the e-commerce company’s stock valued at $259,000 after buying an additional 45 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of eBay by 0.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,473 shares of the e-commerce company’s stock valued at $519,000 after buying an additional 50 shares during the last quarter. Finally, Alpha Windward LLC increased its stake in shares of eBay by 1.1% in the first quarter. Alpha Windward LLC now owns 5,531 shares of the e-commerce company’s stock valued at $186,000 after buying an additional 59 shares during the last quarter. Institutional investors own 85.71% of the company’s stock.
Shares of eBay Inc. (EBAY) traded up 0.23% during midday trading on Wednesday, hitting $35.33. The stock had a trading volume of 1,582,582 shares. The firm has a market cap of $37.81 billion, a P/E ratio of 5.30 and a beta of 1.36. The company’s 50 day moving average is $35.76 and its 200 day moving average is $34.30. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $37.48.
eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. On average, equities analysts predict that eBay Inc. will post $2.01 earnings per share for the current fiscal year.
eBay announced that its board has authorized a share repurchase plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
ILLEGAL ACTIVITY NOTICE: “Acadian Asset Management LLC Holds Stake in eBay Inc. (EBAY)” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.watchlistnews.com/acadian-asset-management-llc-holds-stake-in-ebay-inc-ebay/1495792.html.
EBAY has been the topic of several research analyst reports. Credit Suisse Group upgraded shares of eBay from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $44.00 in a research note on Monday, June 5th. Robert W. Baird restated an “outperform” rating on shares of eBay in a research note on Monday, July 3rd. UBS AG set a $40.00 price objective on shares of eBay and gave the stock a “buy” rating in a research note on Friday, July 21st. BidaskClub upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, TheStreet downgraded shares of eBay from a “b-” rating to a “c+” rating in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.05.
In related news, Director Kathleen C. Mitic sold 11,897 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $33.84, for a total transaction of $402,594.48. Following the completion of the transaction, the director now directly owns 20,162 shares in the company, valued at $682,282.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total value of $382,052.00. Following the transaction, the vice president now owns 24,001 shares of the company’s stock, valued at $877,476.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,303 shares of company stock valued at $2,560,022. 6.78% of the stock is owned by company insiders.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).
Receive News & Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.