Thompson Siegel & Walmsley LLC Reduces Holdings in eBay Inc. (EBAY)
Thompson Siegel & Walmsley LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,525 shares of the e-commerce company’s stock after selling 22,630 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in eBay were worth $7,674,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new position in shares of eBay in the 2nd quarter valued at about $108,000. BB&T Investment Services Inc. purchased a new position in shares of eBay in the 2nd quarter valued at about $119,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of eBay in the 2nd quarter valued at about $123,000. Westside Investment Management Inc. boosted its stake in shares of eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 60 shares during the period. Finally, GWM Advisors LLC purchased a new position in shares of eBay in the 2nd quarter valued at about $157,000. 86.57% of the stock is owned by institutional investors.
In other eBay news, VP Brian J. Doerger sold 4,359 shares of the business’s 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 completion of the sale, the vice president now owns 23,392 shares in the company, valued at $836,264. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Stephen Fisher sold 69,406 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the completion of the sale, the senior vice president now owns 144,047 shares of the company’s stock, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 202,582 shares of company stock valued at $7,540,354. 6.78% of the stock is owned by company insiders.
EBAY has been the subject of several recent research reports. Piper Jaffray Companies set a $34.00 price objective on eBay and gave the company a “hold” rating in a research note on Wednesday, October 11th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $38.00 price objective on shares of eBay in a research note on Friday, November 17th. Guggenheim initiated coverage on eBay in a research note on Friday, October 20th. They issued a “neutral” rating for the company. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 price objective on shares of eBay in a research note on Wednesday, October 18th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $38.00 price objective on shares of eBay in a research note on Sunday, August 20th. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.45.
Shares of eBay Inc. (NASDAQ:EBAY) opened at $35.94 on Friday. The firm has a market capitalization of $37,541.88, a P/E ratio of 22.46, a P/E/G ratio of 2.76 and a beta of 1.36. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $39.28. 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 issued its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the Zacks’ 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 during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. analysts forecast that eBay Inc. will post 1.65 EPS for the current year.
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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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