HL Financial Services LLC lowered its position in shares of eBay Inc (NASDAQ:EBAY) by 84.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,598 shares of the e-commerce company’s stock after selling 40,382 shares during the period. HL Financial Services LLC’s holdings in eBay were worth $276,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Fiduciary Management Inc. WI increased its stake in shares of eBay by 1.9% during the first quarter. Fiduciary Management Inc. WI now owns 13,507,623 shares of the e-commerce company’s stock valued at $543,547,000 after buying an additional 247,719 shares during the period. Bank of New York Mellon Corp increased its stake in shares of eBay by 49.6% during the second quarter. Bank of New York Mellon Corp now owns 12,182,128 shares of the e-commerce company’s stock valued at $441,723,000 after buying an additional 4,036,288 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of eBay by 9.4% during the first quarter. The Manufacturers Life Insurance Company now owns 8,498,104 shares of the e-commerce company’s stock valued at $341,963,000 after buying an additional 733,072 shares during the period. First Trust Advisors LP increased its stake in shares of eBay by 14.1% during the second quarter. First Trust Advisors LP now owns 8,231,752 shares of the e-commerce company’s stock valued at $298,483,000 after buying an additional 1,019,009 shares during the period. Finally, Millennium Management LLC increased its stake in shares of eBay by 676.0% during the first quarter. Millennium Management LLC now owns 6,411,341 shares of the e-commerce company’s stock valued at $257,992,000 after buying an additional 5,585,174 shares during the period. Hedge funds and other institutional investors own 87.31% of the company’s stock.

Shares of EBAY stock opened at $34.01 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.37. The company has a market cap of $33.73 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.95 and a beta of 1.22. eBay Inc has a twelve month low of $32.85 and a twelve month high of $46.99.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. eBay’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. equities analysts predict that eBay Inc will post 1.83 earnings per share for the current year.

EBAY has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on eBay from $44.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, April 23rd. Benchmark reaffirmed a “buy” rating and set a $53.00 price objective on shares of eBay in a research report on Thursday, April 26th. JPMorgan Chase & Co. dropped their price objective on eBay from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. BidaskClub raised eBay from a “sell” rating to a “hold” rating in a research report on Tuesday, June 5th. Finally, Macquarie dropped their price objective on eBay from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have issued a buy rating to the company. eBay presently has a consensus rating of “Hold” and an average price target of $46.33.

In related news, VP Brian J. Doerger sold 9,232 shares of eBay stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $38.15, for a total transaction of $352,200.80. Following the completion of the transaction, the vice president now directly owns 32,909 shares in the company, valued at $1,255,478.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kristin A. Yetto sold 23,648 shares of eBay stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $33.54, for a total value of $793,153.92. Following the transaction, the senior vice president now owns 109,116 shares of the company’s stock, valued at $3,659,750.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,186 shares of company stock valued at $4,151,543. 6.22% of the stock is owned by company insiders.

About eBay

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.

Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.