RWC Asset Management LLP Has $17.14 Million Holdings in eBay Inc. (EBAY)
RWC Asset Management LLP lowered its stake in eBay Inc. (NASDAQ:EBAY) by 37.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,685 shares of the e-commerce company’s stock after selling 263,668 shares during the period. RWC Asset Management LLP’s holdings in eBay were worth $17,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of EBAY. Captrust Financial Advisors acquired a new stake in eBay in the 2nd quarter valued at about $108,000. BB&T Investment Services Inc. acquired a new stake in shares of eBay during the 2nd quarter worth about $119,000. Valeo Financial Advisors LLC acquired a new stake in shares of eBay during the 3rd quarter worth about $122,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of eBay during the 2nd quarter worth about $123,000. Finally, Westside Investment Management Inc. raised its position in shares of eBay by 1.7% during the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after acquiring an additional 60 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors.
In other eBay news, VP Brian J. Doerger sold 4,359 shares of eBay stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $35.75, for a total value of $155,834.25. Following the transaction, the vice president now directly owns 23,392 shares in the company, valued at approximately $836,264. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Raymond J. Pittman sold 31,400 shares of eBay stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $35.58, for a total value of $1,117,212.00. Following the completion of the transaction, the senior vice president now owns 74,334 shares in the company, valued at $2,644,803.72. The disclosure for this sale can be found here. Insiders sold a total of 184,242 shares of company stock worth $6,842,297 over the last quarter. Company insiders own 6.78% of the company’s stock.
Several equities research analysts have recently weighed in on EBAY shares. Canaccord Genuity reissued a “hold” rating and set a $34.00 target price on shares of eBay in a research report on Wednesday, September 6th. SunTrust Banks reissued a “hold” rating and set a $38.00 target price on shares of eBay in a research report on Friday, November 17th. BidaskClub raised eBay from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Piper Jaffray Companies set a $34.00 target price on eBay and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Finally, DA Davidson started coverage on eBay in a research report on Wednesday, September 13th. They set a “buy” rating and a $45.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.51.
eBay Inc. (NASDAQ:EBAY) opened at $37.44 on Wednesday. eBay Inc. has a 12-month low of $29.01 and a 12-month high of $39.28. The company has a market capitalization of $39,192.30, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 2.88 and a beta of 1.33. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up 8.7% on a year-over-year basis. equities analysts expect that eBay Inc. will post 1.65 EPS for the current year.
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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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