eBay Inc. (EBAY) Stake Raised by Envestnet Asset Management Inc.
Envestnet Asset Management Inc. grew its position in eBay Inc. (NASDAQ:EBAY) by 24.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 183,302 shares of the e-commerce company’s stock after purchasing an additional 35,860 shares during the period. Envestnet Asset Management Inc.’s holdings in eBay were worth $7,045,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of eBay by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock valued at $203,988,000 after purchasing an additional 128,728 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of eBay by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock valued at $183,717,000 after purchasing an additional 668,503 shares in the last quarter. Colony Group LLC acquired a new stake in shares of eBay in the 2nd quarter valued at $213,000. Synovus Financial Corp boosted its stake in shares of eBay by 164.4% in the 2nd quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock valued at $2,091,000 after purchasing an additional 37,237 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of eBay by 19.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock valued at $123,651,000 after purchasing an additional 515,634 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.
In other news, VP Brian J. Doerger sold 4,359 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the sale, the vice president now owns 23,392 shares in the company, valued at approximately $836,264. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Stephen Fisher sold 69,406 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the completion of the sale, the senior vice president now owns 144,047 shares in the company, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,242 shares of company stock worth $6,842,297. Company insiders own 6.78% of the company’s stock.
eBay Inc. (NASDAQ:EBAY) opened at $36.85 on Friday. eBay Inc. has a 12-month low of $28.91 and a 12-month high of $39.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. The firm has a market capitalization of $38,471.55, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 2.82 and a beta of 1.33.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates 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 firm posted $0.45 EPS. The business’s revenue was up 8.7% on a year-over-year basis. sell-side analysts expect that eBay Inc. will post 1.65 earnings per share for the current year.
A number of research firms recently issued reports on EBAY. BidaskClub raised eBay from a “sell” rating to a “hold” rating in a report on Wednesday. Evercore ISI began coverage on eBay in a report on Tuesday. They issued an “in-line” rating and a $36.00 price target for the company. They noted that the move was a valuation call. BMO Capital Markets raised eBay from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Monday. SunTrust Banks reaffirmed a “hold” rating and issued a $38.00 price target on shares of eBay in a report on Friday, November 17th. Finally, Guggenheim began coverage on eBay in a report on Friday, October 20th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have assigned a buy rating to the stock. eBay currently has a consensus rating of “Hold” and an average target price of $38.51.
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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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