eBay Inc. (EBAY) Shares Bought by Gotham Asset Management LLC
Gotham Asset Management LLC boosted its position in eBay Inc. (NASDAQ:EBAY) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 907,394 shares of the e-commerce company’s stock after purchasing an additional 27,008 shares during the period. Gotham Asset Management LLC owned about 0.08% of eBay worth $31,686,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Waldron LP purchased a new position in eBay in the 1st quarter valued at approximately $210,000. Oxford Asset Management purchased a new position in eBay in the 1st quarter valued at approximately $956,000. Nordea Investment Management AB increased its stake in eBay by 46.7% in the 1st quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock valued at $501,155,000 after purchasing an additional 4,749,434 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in eBay by 100.5% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after purchasing an additional 2,230 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in eBay by 36.2% in the 1st quarter. Private Advisor Group LLC now owns 24,122 shares of the e-commerce company’s stock valued at $852,000 after purchasing an additional 6,416 shares in the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were 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 in the company, valued at $9,832,083.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the sale, the vice president now owns 24,001 shares of the company’s stock, valued at approximately $877,476.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,238 shares of company stock valued at $3,439,297. 6.78% of the stock is owned by corporate insiders.
Shares of eBay Inc. (EBAY) traded up 0.54% during mid-day trading on Thursday, reaching $38.87. The company had a trading volume of 1,637,762 shares. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $39.05. The company’s 50-day moving average price is $36.99 and its 200-day moving average price is $35.23. The company has a market capitalization of $41.60 billion, a PE ratio of 5.83 and a beta of 1.36. eBay also was the target of some unusual options trading activity on Monday. Stock traders acquired 4,033 call options on the stock. This represents an increase of approximately 484% compared to the typical volume of 690 call options.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, analysts forecast that eBay Inc. will post $2.00 earnings per share for the current fiscal year.
eBay announced that its board has authorized a stock buyback plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Several equities analysts recently weighed in on EBAY shares. Robert W. Baird reaffirmed an “outperform” rating on shares of eBay in a research note on Monday, July 3rd. UBS AG set a $40.00 price objective on eBay and gave the company a “buy” rating in a research note on Friday, July 21st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of eBay in a research note on Tuesday, September 26th. BidaskClub raised eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, TheStreet downgraded eBay from a “b-” rating to a “c+” rating in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.64.
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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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