Hillsdale Investment Management Inc. Sells 1,580 Shares of eBay Inc. (EBAY)
Hillsdale Investment Management Inc. lowered its stake in eBay Inc. (NASDAQ:EBAY) by 14.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,200 shares of the e-commerce company’s stock after selling 1,580 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in eBay were worth $321,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in EBAY. Captrust Financial Advisors acquired a new position in eBay during the 2nd quarter worth approximately $108,000. Westside Investment Management Inc. boosted its holdings in eBay by 284.0% in the 1st quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after acquiring an additional 2,638 shares during the period. FNY Partners Fund LP boosted its holdings in eBay by 660.0% in the 1st quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after acquiring an additional 3,300 shares during the period. Parallel Advisors LLC boosted its holdings in eBay by 25.5% in the 1st quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after acquiring an additional 858 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in eBay by 100.5% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after acquiring an additional 2,230 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.
In other news, VP Brian J. Doerger sold 10,450 shares of eBay 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 owns 24,001 shares in the company, valued at approximately $877,476.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Harry A. Lawton III sold 13,000 shares of the business’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 owns 45,488 shares of the company’s stock, valued at $1,634,383.84. The disclosure for this sale can be found here. Insiders sold 95,238 shares of company stock valued at $3,439,297 over the last 90 days. Corporate insiders own 6.78% of the company’s stock.
EBAY has been the subject of several recent research reports. Benchmark Co. lifted their price objective on shares of eBay from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $41.00 target price (up from $40.00) on shares of eBay in a research report on Sunday, July 23rd. Morgan Stanley restated an “underweight” rating and issued a $28.00 target price on shares of eBay in a research note on Saturday, July 22nd. Robert W. Baird restated an “outperform” rating and issued a $38.00 target price on shares of eBay in a research note on Thursday, July 13th. Finally, Credit Suisse Group set a $44.00 target price on shares of eBay and gave the company a “buy” rating in a research note on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $37.64.
eBay Inc. (NASDAQ EBAY) opened at 38.46 on Monday. The firm has a market cap of $41.16 billion, a price-to-earnings ratio of 5.77 and a beta of 1.36. The company has a 50 day moving average price of $36.16 and a 200-day moving average price of $34.85. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $38.87.
eBay (NASDAQ:EBAY) last posted its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts anticipate that eBay Inc. will post $2.00 EPS for the current year.
eBay declared that its Board of Directors has authorized a share buyback plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
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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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