eBay Inc. (EBAY) Position Lifted by Nordea Investment Management AB
Nordea Investment Management AB boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 20.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,407,787 shares of the e-commerce company’s stock after buying an additional 3,118,453 shares during the period. eBay makes up about 1.7% of Nordea Investment Management AB’s holdings, making the stock its 13th biggest position. Nordea Investment Management AB owned approximately 1.76% of eBay worth $707,963,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of EBAY. Captrust Financial Advisors acquired a new position in eBay during the second quarter valued at $108,000. BB&T Investment Services Inc. acquired a new position in eBay during the second quarter valued at $119,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in eBay during the second quarter valued at $123,000. Westside Investment Management Inc. raised its position in eBay by 1.7% during the second 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 during the period. Finally, GWM Advisors LLC acquired a new position in eBay during the second quarter valued at $157,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of eBay Inc. (NASDAQ EBAY) opened at $35.84 on Friday. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $39.28. The firm has a market capitalization of $37,437.43, a P/E ratio of 22.40, a P/E/G ratio of 2.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities analysts forecast that eBay Inc. will post 1.65 earnings per share for the current year.
In other eBay news, SVP Marie Oh Huber sold 72,417 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $37.53, for a total value of $2,717,810.01. Following the completion of the sale, the senior vice president now owns 101,589 shares in the company, valued at approximately $3,812,635.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total value of $937,750.00. Following the completion of the sale, the director now owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,582 shares of company stock valued at $7,540,354. 6.78% of the stock is owned by corporate insiders.
Several research firms recently weighed in on EBAY. Canaccord Genuity reissued a “hold” rating and set a $34.00 price target on shares of eBay in a research report on Wednesday, September 6th. SunTrust Banks, Inc. began coverage on eBay in a research report on Tuesday, August 15th. They set a “hold” rating and a $38.00 price target on the stock. BidaskClub lowered eBay from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. DA Davidson initiated coverage on eBay in a research report on Wednesday, September 13th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $38.00 target price on shares of eBay in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.45.
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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