Cambiar Investors LLC Has $70.91 Million Holdings in eBay Inc. (EBAY)
Cambiar Investors LLC decreased its position in eBay Inc. (NASDAQ:EBAY) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,843,637 shares of the e-commerce company’s stock after selling 216,788 shares during the period. eBay accounts for 1.1% of Cambiar Investors LLC’s investment portfolio, making the stock its 19th biggest holding. Cambiar Investors LLC owned 0.18% of eBay worth $70,906,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Trust Co. of Vermont increased its stake in shares of eBay by 0.3% during the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock worth $483,000 after purchasing an additional 40 shares during the last quarter. Westside Investment Management Inc. grew its stake in eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 60 shares in the last quarter. Usca Ria LLC grew its stake in eBay by 1.3% in the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock valued at $277,000 after buying an additional 100 shares in the last quarter. CENTRAL TRUST Co grew its stake in eBay by 1.2% in the 2nd quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock valued at $337,000 after buying an additional 110 shares in the last quarter. Finally, Boston Private Wealth LLC grew its stake in eBay by 0.7% in the 2nd quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock valued at $575,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.
eBay Inc. (NASDAQ EBAY) traded up $0.28 during mid-day trading on Monday, reaching $35.97. 8,329,600 shares of the company traded hands, compared to its average volume of 8,878,368. The stock has a market cap of $37,040.00, a P/E ratio of 22.48, a PEG ratio of 2.76 and a beta of 1.38. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $39.28. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82.
eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. analysts predict that eBay Inc. will post 1.65 earnings per share for the current fiscal year.
eBay declared that its Board of Directors has initiated a share repurchase program on Thursday, July 20th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to reacquire up to 7.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other news, SVP Stephen Fisher sold 69,406 shares of eBay stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the transaction, the senior vice president now owns 144,047 shares of the company’s stock, valued at approximately $5,420,488.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Marie Oh Huber sold 72,417 shares of eBay stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the completion of the transaction, the senior vice president now directly owns 101,589 shares in the company, valued at approximately $3,812,635.17. The disclosure for this sale can be found here. Insiders have sold a total of 166,823 shares of company stock worth $6,267,308 in the last three months. Insiders own 6.78% of the company’s stock.
A number of research firms recently weighed in on EBAY. Guggenheim began coverage on shares of eBay in a research note on Friday, October 20th. They issued a “neutral” rating for the company. Benchmark Co. reissued a “buy” rating and issued a $45.00 price target on shares of eBay in a report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) set a $40.00 price target on shares of eBay and gave the company a “buy” rating in a report on Thursday, October 19th. J P Morgan Chase & Co set a $38.00 price target on shares of eBay and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, Stifel Nicolaus set a $37.00 price target on shares of eBay and gave the company a “neutral” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have given a buy rating to the company’s stock. eBay has a consensus rating of “Hold” and an average target price of $38.45.
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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