Hosking Partners LLP Boosts Holdings in eBay Inc. (EBAY)
Hosking Partners LLP grew its holdings in eBay Inc. (NASDAQ:EBAY) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 907,450 shares of the e-commerce company’s stock after acquiring an additional 3,885 shares during the period. Hosking Partners LLP owned about 0.09% of eBay worth $34,901,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of the business. Captrust Financial Advisors acquired a new position in shares of eBay during the second quarter worth $108,000. BB&T Investment Services Inc. acquired a new position in shares of eBay during the second quarter worth $119,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of eBay during the second quarter worth $123,000. Westside Investment Management Inc. grew its stake in shares of eBay by 1.7% during the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after purchasing an additional 60 shares in the last quarter. Finally, GWM Advisors LLC acquired a new position in shares of eBay during the second quarter worth $157,000. Institutional investors and hedge funds own 86.57% of the company’s stock.
eBay Inc. (EBAY) opened at $35.84 on Monday. The stock has a market cap of $37,437.43, a PE ratio of 22.40, a P/E/G ratio of 2.75 and a beta of 1.36. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $39.28. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. analysts predict that eBay Inc. will post 1.65 EPS for the current fiscal year.
In other eBay news, SVP Raymond J. Pittman sold 31,400 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the transaction, the senior vice president now directly owns 74,334 shares in the company, valued at $2,644,803.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the transaction, the director now owns 262,119 shares in the company, valued at $9,832,083.69. The disclosure for this sale can be found here. Insiders have sold 202,582 shares of company stock worth $7,540,354 over the last 90 days. 6.78% of the stock is currently owned by company insiders.
A number of equities analysts recently commented on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and set a $38.00 target price on shares of eBay in a research note on Friday, November 17th. Guggenheim initiated coverage on shares of eBay in a research report on Friday, October 20th. They issued a “neutral” rating for the company. Benchmark Co. reissued a “buy” rating and issued a $45.00 price target on shares of eBay in a research report on Thursday, October 19th. Goldman Sachs Group Inc set a $40.00 price target on shares of eBay and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, J P Morgan Chase & Co set a $38.00 price target on shares of eBay and gave the company a “neutral” rating in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seventeen have given a buy rating to the company’s stock. eBay currently has an average rating of “Hold” and an average price target of $38.45.
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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