Harel Insurance Investments & Financial Services Ltd. Has $343,000 Position in eBay Inc. (EBAY)
Harel Insurance Investments & Financial Services Ltd. lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 2.9% during the second quarter, Holdings Channel reports. The institutional investor owned 9,817 shares of the e-commerce company’s stock after selling 290 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in eBay were worth $343,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after buying an additional 59,937,723 shares during the period. Wellington Management Group LLP raised its stake in shares of eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after buying an additional 23,404,909 shares during the period. Nordea Investment Management AB raised its stake in shares of eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock valued at $501,155,000 after buying an additional 4,749,434 shares during the period. Independent Franchise Partners LLP raised its stake in shares of eBay by 17.6% in the second quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock valued at $674,744,000 after buying an additional 2,898,085 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of eBay during the first quarter valued at about $96,616,000. Institutional investors own 86.48% of the company’s stock.
eBay Inc. (EBAY) opened at 34.99 on Friday. eBay Inc. has a one year low of $27.28 and a one year high of $37.48. The stock has a 50 day moving average of $35.77 and a 200 day moving average of $34.17. The firm has a market cap of $37.45 billion, a PE ratio of 5.25 and a beta of 1.36.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $2.33 billion for 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 business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. On average, equities analysts forecast that eBay Inc. will post $2.01 earnings per share for the current year.
eBay announced that its board has authorized a share repurchase program on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
EBAY has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $35.00 target price on shares of eBay in a research report on Friday, April 14th. Goldman Sachs Group, Inc. (The) set a $42.00 target price on shares of eBay and gave the company a “buy” rating in a research report on Wednesday, June 28th. Aegis reiterated a “buy” rating and issued a $40.00 target price (up previously from $38.00) on shares of eBay in a research report on Thursday, April 13th. Credit Suisse Group upgraded shares of eBay from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $34.00 to $44.00 in a research report on Monday, June 5th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $41.00 target price (up previously from $36.00) on shares of eBay in a research report on Thursday, June 8th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.97.
In other news, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the sale, the director now owns 286,562 shares in the company, valued at $10,029,670. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen Fisher sold 11,956 shares of eBay stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $36.24, for a total transaction of $433,285.44. Following the sale, the senior vice president now owns 89,740 shares in the company, valued at approximately $3,252,177.60. The disclosure for this sale can be found here. Insiders have sold 72,303 shares of company stock worth $2,560,022 in the last quarter. Insiders own 6.78% of the company’s stock.
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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