Capstone Investment Advisors Netherlands B.V. lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 33.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,632 shares of the e-commerce company’s stock after selling 2,280 shares during the quarter. Capstone Investment Advisors Netherlands B.V.’s holdings in eBay were worth $162,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EBAY. Trust Co. of Vermont boosted its stake in shares of eBay by 0.3% in the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after purchasing an additional 40 shares during the last quarter. Usca Ria LLC boosted its stake in shares of 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 purchasing an additional 100 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of 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 purchasing an additional 110 shares during the last quarter. Boston Private Wealth LLC boosted its stake in shares of 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 purchasing an additional 111 shares during the last quarter. Finally, Security National Trust Co. boosted its stake in shares of eBay by 0.9% in the 2nd quarter. Security National Trust Co. now owns 13,275 shares of the e-commerce company’s stock valued at $464,000 after purchasing an additional 120 shares during the last quarter. 84.83% of the stock is currently owned by hedge funds and other institutional investors.

EBAY has been the topic of several recent research reports. Credit Suisse Group raised shares of eBay from a “neutral” rating to an “outperform” rating and raised their target price for the company from $34.00 to $44.00 in a research note on Monday, June 5th. Robert W. Baird reiterated an “outperform” rating on shares of eBay in a research report on Monday, July 3rd. UBS AG set a $40.00 price target on shares of eBay and gave the company a “buy” rating in a research report on Friday, July 21st. Wells Fargo & Company reiterated an “outperform” rating and issued a $45.00 price target on shares of eBay in a research report on Tuesday. Finally, BidaskClub upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $37.64.

eBay Inc. (NASDAQ:EBAY) traded up 1.93% on Friday, reaching $38.46. The company had a trading volume of 9,964,979 shares. The stock’s 50-day moving average price is $36.16 and its 200-day moving average price is $34.85. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $38.87. The stock has a market capitalization of $41.16 billion, a P/E ratio of 5.77 and a beta of 1.34. eBay also was the target of unusually large options trading on Wednesday. Stock investors bought 2,194 put options on the stock. This represents an increase of approximately 231% compared to the average daily volume of 663 put options.

eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that eBay Inc. will post $2.00 EPS for the current fiscal year.

eBay declared that its Board of Directors has approved a stock repurchase program on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

In other eBay news, SVP Harry A. Lawton III sold 34,832 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $35.00, for a total value of $1,219,120.00. Following the completion of the transaction, the senior vice president now owns 83,058 shares in the company, valued at approximately $2,907,030. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Harry A. Lawton III sold 13,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $35.93, for a total value of $467,090.00. Following the completion of the transaction, the senior vice president now owns 45,488 shares of the company’s stock, valued at approximately $1,634,383.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,238 shares of company stock valued at $3,439,297. 6.78% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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