eBay Inc (EBAY) Shares Bought by CIBC World Markets Inc.
CIBC World Markets Inc. lifted its position in eBay Inc (NASDAQ:EBAY) by 175.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,920 shares of the e-commerce company’s stock after purchasing an additional 28,638 shares during the quarter. CIBC World Markets Inc.’s holdings in eBay were worth $1,629,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in EBAY. Archford Capital Strategies LLC purchased a new position in shares of eBay in the first quarter worth about $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of eBay by 506.3% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,910 shares of the e-commerce company’s stock worth $117,000 after purchasing an additional 2,430 shares during the last quarter. Massey Quick Simon & CO. LLC raised its stake in shares of eBay by 100.0% in the first quarter. Massey Quick Simon & CO. LLC now owns 2,958 shares of the e-commerce company’s stock worth $119,000 after purchasing an additional 1,479 shares during the last quarter. Motco purchased a new position in shares of eBay in the first quarter worth about $129,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of eBay by 223.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,128 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 2,850 shares during the last quarter. Hedge funds and other institutional investors own 86.93% of the company’s stock.
EBAY has been the subject of several research analyst reports. UBS Group reduced their price objective on eBay from $47.00 to $44.00 and set a “$34.11” rating for the company in a research note on Thursday, July 19th. Morgan Stanley reduced their price objective on eBay from $58.00 to $55.00 and set a “$34.11” rating for the company in a research note on Thursday, July 19th. Guggenheim restated a “$37.95” rating on shares of eBay in a research note on Wednesday, July 18th. Aegis restated a “buy” rating and issued a $54.00 price objective on shares of eBay in a research note on Tuesday, May 1st. Finally, Bank of America reduced their price objective on eBay from $49.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, July 13th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $46.33.
Shares of EBAY stock opened at $34.53 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.37. The company has a market cap of $34.34 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.99 and a beta of 1.22. eBay Inc has a twelve month low of $32.85 and a twelve month high of $46.99.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. eBay’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. equities analysts predict that eBay Inc will post 1.83 earnings per share for the current year.
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
Featured Article: Short Selling Stocks, A Beginner’s Guide
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.