Canada Pension Plan Investment Board lowered its position in eBay Inc. (NASDAQ:EBAY) by 4.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,699,423 shares of the e-commerce company’s stock after selling 117,300 shares during the period. Canada Pension Plan Investment Board’s holdings in eBay were worth $94,264,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its position in eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares in the last quarter. FNY Partners Fund LP boosted its position in eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares in the last quarter. Parallel Advisors LLC boosted its position in eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after buying an additional 858 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares in the last quarter. Finally, First Personal Financial Services boosted its position in eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock worth $164,000 after buying an additional 4,197 shares in the last quarter. Institutional investors own 86.48% of the company’s stock.

Shares of eBay Inc. (EBAY) opened at 36.08 on Thursday. The firm has a market cap of $38.62 billion, a PE ratio of 5.41 and a beta of 1.36. The company has a 50-day moving average of $35.77 and a 200 day moving average of $34.16. eBay Inc. has a one year low of $27.28 and a one year high of $37.48. eBay also was the recipient of unusually large options trading on Monday. Stock traders acquired 4,033 call options on the company. This represents an increase of approximately 484% compared to the typical volume of 690 call options.

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

eBay declared that its Board of Directors has initiated a share buyback plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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A number of equities analysts have weighed in on the stock. Macquarie restated a “neutral” rating and set a $39.00 price objective on shares of eBay in a research report on Tuesday, April 18th. Credit Suisse Group upgraded shares of eBay to a “buy” rating and set a $44.00 price objective for the company in a research report on Monday, June 12th. Stifel Nicolaus restated a “hold” rating and set a $35.00 price objective on shares of eBay in a research report on Friday, April 14th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $39.00 price objective (up from $38.00) on shares of eBay in a research report on Thursday, April 20th. Finally, Bank of America Corporation upped their price objective on shares of eBay from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $36.97.

In other eBay news, VP Brian J. Doerger sold 2,903 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $34.11, for a total value of $99,021.33. Following the transaction, the vice president now directly owns 30,701 shares of the company’s stock, valued at approximately $1,047,211.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Harry A. Lawton III sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were 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 directly owns 45,488 shares in the company, valued at $1,634,383.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,206 shares of company stock valued at $2,659,043. 6.78% of the stock is owned by company insiders.

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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