Cadinha & Co. LLC bought a new position in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,970 shares of the e-commerce company’s stock, valued at approximately $523,000.

A number of other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. boosted its position in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares during the last quarter. FNY Partners Fund LP boosted its position in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after buying an additional 858 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares during the last quarter. Finally, First Personal Financial Services boosted its position in shares of eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock worth $164,000 after buying an additional 4,197 shares during the last quarter. Institutional investors own 86.48% of the company’s stock.

Shares of eBay Inc. (NASDAQ:EBAY) opened at 36.08 on Thursday. eBay Inc. has a one year low of $27.28 and a one year high of $37.48. The firm’s 50-day moving average is $35.77 and its 200-day moving average is $34.16. The stock has a market capitalization of $38.62 billion, a PE ratio of 5.41 and a beta of 1.36. eBay also saw unusually large options trading activity on Monday. Traders purchased 4,033 call options on the company. This is an increase of 484% compared to the average daily volume of 690 call options.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the firm posted $0.43 EPS. eBay’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts expect that eBay Inc. will post $2.00 earnings per share for the current fiscal year.

eBay declared that its board has initiated a share repurchase program on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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A number of equities analysts recently commented on the stock. BidaskClub cut shares of eBay from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Mizuho reiterated an “underperform” rating and issued a $34.00 target price on shares of eBay in a research report on Monday. Stifel Nicolaus set a $36.00 target price on shares of eBay and gave the stock a “neutral” rating in a research report on Friday, July 21st. Canaccord Genuity lifted their target price on shares of eBay from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday, July 24th. Finally, UBS AG set a $40.00 target price on shares of eBay and gave the stock a “buy” rating in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $36.97.

In other eBay news, SVP Harry A. Lawton III sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $35.93, for a total transaction of $467,090.00. Following the completion of the transaction, the senior vice president now directly owns 45,488 shares of the company’s stock, valued at approximately $1,634,383.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Doerger sold 10,450 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the transaction, the vice president now directly owns 24,001 shares of the company’s stock, valued at $877,476.56. The disclosure for this sale can be found here. Insiders have sold a total of 75,206 shares of company stock valued at $2,659,043 over the last three months. 6.78% of the stock is currently owned by insiders.

About eBay

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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