Great Lakes Advisors LLC Decreases Stake in eBay Inc (EBAY)
Great Lakes Advisors LLC decreased its position in eBay Inc (NASDAQ:EBAY) by 23.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,199 shares of the e-commerce company’s stock after selling 19,837 shares during the quarter. Great Lakes Advisors LLC’s holdings in eBay were worth $2,153,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of EBAY. CSat Investment Advisory L.P. acquired a new stake in eBay during the second quarter worth approximately $106,000. Valeo Financial Advisors LLC acquired a new stake in eBay during the second quarter worth approximately $107,000. NEXT Financial Group Inc acquired a new stake in eBay during the third quarter worth approximately $130,000. Stratos Wealth Partners LTD. acquired a new stake in eBay during the third quarter worth approximately $144,000. Finally, JNBA Financial Advisors grew its position in eBay by 567.5% during the third quarter. JNBA Financial Advisors now owns 4,512 shares of the e-commerce company’s stock worth $149,000 after buying an additional 3,836 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.
In other news, SVP Jae Hyun Lee sold 33,652 shares of the stock in a transaction on Friday, November 30th. The stock was sold at an average price of $29.23, for a total value of $983,647.96. Following the completion of the transaction, the senior vice president now directly owns 121,459 shares in the company, valued at approximately $3,550,246.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pierre M. Omidyar sold 36,000 shares of the stock in a transaction on Monday, November 26th. The shares were sold at an average price of $28.82, for a total value of $1,037,520.00. Following the completion of the transaction, the director now owns 45,364,858 shares of the company’s stock, valued at $1,307,415,207.56. The disclosure for this sale can be found here. Insiders have sold 91,461 shares of company stock valued at $2,643,165 over the last 90 days. Corporate insiders own 6.22% of the company’s stock.
NASDAQ EBAY opened at $29.26 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.74 and a quick ratio of 1.74. eBay Inc has a fifty-two week low of $26.36 and a fifty-two week high of $46.99. The firm has a market cap of $28.74 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.65 and a beta of 1.36.
eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts predict that eBay Inc will post 1.84 EPS for the current fiscal year.
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eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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