Janney Montgomery Scott LLC cut its holdings in eBay Inc. (NASDAQ:EBAY) by 12.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,582 shares of the e-commerce company’s stock after selling 6,180 shares during the period. Janney Montgomery Scott LLC’s holdings in eBay were worth $1,715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Glenview Capital Management LLC lifted its stake in eBay by 442.0% in the 2nd quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock worth $310,995,000 after purchasing an additional 7,262,862 shares in the last quarter. Harding Loevner LP purchased a new stake in eBay in the 2nd quarter worth approximately $128,878,000. Arrowstreet Capital Limited Partnership lifted its stake in eBay by 1,077.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock worth $131,973,000 after purchasing an additional 3,458,300 shares in the last quarter. Janus Henderson Group PLC lifted its stake in eBay by 134.5% in the 2nd quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock worth $207,826,000 after purchasing an additional 3,414,163 shares in the last quarter. Finally, Independent Franchise Partners LLP lifted its stake in eBay by 17.6% in the 3rd quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock worth $874,151,000 after purchasing an additional 3,406,261 shares in the last quarter. 86.06% of the stock is owned by institutional investors.

eBay Inc. (NASDAQ:EBAY) opened at $38.18 on Tuesday. 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 Inc. has a twelve month low of $29.01 and a twelve month high of $39.28. The company has a market cap of $39,960.00, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.94 and a beta of 1.34.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. research analysts forecast that eBay Inc. will post 1.65 earnings per share for the current year.

In related news, SVP Stephen Fisher sold 69,406 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the transaction, the senior vice president now owns 144,047 shares of the company’s stock, valued at approximately $5,420,488.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Marie Oh Huber sold 72,417 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the transaction, the senior vice president now directly owns 101,589 shares in the company, valued at approximately $3,812,635.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,242 shares of company stock worth $6,842,297. 6.78% of the stock is owned by insiders.

Several research firms have issued reports on EBAY. KeyCorp reiterated a “hold” rating on shares of eBay in a research note on Wednesday, October 11th. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 target price on shares of eBay in a research note on Wednesday, October 18th. Wells Fargo & Company reiterated an “outperform” rating and issued a $45.00 target price on shares of eBay in a research note on Tuesday, September 26th. Stifel Nicolaus set a $37.00 target price on shares of eBay and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, Benchmark reiterated a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of eBay in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.51.

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About eBay

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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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