FIL Ltd increased its position in eBay Inc. (NASDAQ:EBAY) by 11.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,303,626 shares of the e-commerce company’s stock after purchasing an additional 351,528 shares during the quarter. FIL Ltd owned approximately 0.31% of eBay worth $115,362,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EBAY. Waldron LP bought a new position in shares of eBay during the 1st quarter worth about $210,000. UBS Asset Management Americas Inc. boosted its position in shares of eBay by 27.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock valued at $128,003,000 after acquiring an additional 829,988 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of eBay by 25.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,991 shares of the e-commerce company’s stock valued at $2,517,000 after acquiring an additional 15,392 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of eBay by 4.2% during the 1st quarter. Ameriprise Financial Inc. now owns 3,283,478 shares of the e-commerce company’s stock valued at $110,223,000 after acquiring an additional 133,802 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in eBay by 52.2% in the first quarter. Toronto Dominion Bank now owns 273,371 shares of the e-commerce company’s stock valued at $9,176,000 after acquiring an additional 93,799 shares during the period. 84.83% of the stock is owned by hedge funds and other institutional investors.

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Shares of eBay Inc. (NASDAQ:EBAY) traded down 0.18% during midday trading on Friday, hitting $38.18. 938,219 shares of the company traded hands. The stock has a 50 day moving average of $36.16 and a 200-day moving average of $34.85. The stock has a market capitalization of $40.86 billion, a PE ratio of 5.73 and a beta of 1.34. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $38.87.

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

eBay announced that its Board of Directors has initiated a stock buyback program on Thursday, July 20th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

In other news, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the transaction, the vice president now directly owns 24,001 shares in the company, valued at approximately $877,476.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen Fisher sold 11,956 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $36.24, for a total value of $433,285.44. Following the transaction, the senior vice president now owns 89,740 shares in the company, valued at $3,252,177.60. The disclosure for this sale can be found here. Insiders have sold 95,238 shares of company stock worth $3,439,297 in the last 90 days. Company insiders own 6.78% of the company’s stock.

Several research firms recently issued reports on EBAY. Credit Suisse Group raised shares of eBay to a “buy” rating and set a $44.00 price target for the company in a research report on Monday, June 12th. Bank of America Corporation lifted their price objective on eBay from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, July 21st. SunTrust Banks, Inc. started coverage on eBay in a report on Tuesday, August 15th. They set a “hold” rating and a $38.00 price objective on the stock. Royal Bank Of Canada reiterated a “hold” rating on shares of eBay in a research note on Friday, August 18th. Finally, Aegis reiterated a “buy” rating and issued a $42.00 price objective on shares of eBay in a research note on Monday, July 17th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $37.44.

eBay 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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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