DekaBank Deutsche Girozentrale Sells 54,408 Shares of eBay Inc. (EBAY)
DekaBank Deutsche Girozentrale lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 9.2% during the second quarter, Holdings Channel reports. The firm owned 535,361 shares of the e-commerce company’s stock after selling 54,408 shares during the period. DekaBank Deutsche Girozentrale’s holdings in eBay were worth $18,626,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of EBAY. CENTRAL TRUST Co boosted its position in shares of eBay by 3.6% in the first quarter. CENTRAL TRUST Co now owns 9,543 shares of the e-commerce company’s stock valued at $320,000 after buying an additional 335 shares during the period. Private Trust Co. NA boosted its position in shares of eBay by 0.8% in the first quarter. Private Trust Co. NA now owns 13,691 shares of the e-commerce company’s stock valued at $459,000 after buying an additional 111 shares during the period. Alpha Windward LLC boosted its position 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 period. BKD Wealth Advisors LLC boosted its position in shares of eBay by 25.6% in the first quarter. BKD Wealth Advisors LLC now owns 10,927 shares of the e-commerce company’s stock valued at $367,000 after buying an additional 2,230 shares during the period. Finally, Atria Investments LLC boosted its position in shares of eBay by 14.0% in the first quarter. Atria Investments LLC now owns 7,931 shares of the e-commerce company’s stock valued at $266,000 after buying an additional 977 shares during the period. 86.48% of the stock is owned by hedge funds and other institutional investors.
eBay Inc. (NASDAQ EBAY) opened at 35.05 on Friday. The firm’s 50-day moving average price is $35.76 and its 200 day moving average price is $34.20. The firm has a market capitalization of $37.51 billion, a P/E ratio of 5.26 and a beta of 1.36. eBay Inc. has a one year low of $27.28 and a one year high of $37.48.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that eBay Inc. will post $2.01 earnings per share for the current fiscal year.
eBay announced that its board has authorized a share buyback program on Thursday, July 20th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
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Several research analysts recently commented on EBAY shares. Stifel Nicolaus reissued a “hold” rating and set a $35.00 price target on shares of eBay in a research report on Friday, April 14th. BMO Capital Markets reissued a “hold” rating and set a $36.00 price target on shares of eBay in a research report on Monday, April 17th. Macquarie reissued a “neutral” rating and set a $39.00 price target on shares of eBay in a research report on Tuesday, April 18th. Cowen and Company reaffirmed a “market perform” rating and issued a $30.00 price objective on shares of eBay in a research report on Wednesday, April 19th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $36.00 price objective on shares of eBay in a research report on Wednesday, April 19th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the company. eBay has a consensus rating of “Hold” and a consensus price target of $36.97.
In other news, SVP Stephen Fisher sold 11,956 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $36.24, for a total transaction of $433,285.44. Following the transaction, the senior vice president now directly owns 89,740 shares of the company’s stock, valued at $3,252,177.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the transaction, the director now directly owns 286,562 shares in the company, valued at $10,029,670. The disclosure for this sale can be found here. Insiders have sold 72,303 shares of company stock worth $2,560,022 over the last ninety days. Insiders own 6.78% 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 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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