Vident Investment Advisory LLC bought a new position in eBay Inc (NASDAQ:EBAY) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 11,403 shares of the e-commerce company’s stock, valued at approximately $414,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BKD Wealth Advisors LLC lifted its holdings in shares of eBay by 13.7% during the second quarter. BKD Wealth Advisors LLC now owns 11,193 shares of the e-commerce company’s stock worth $406,000 after buying an additional 1,345 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in shares of eBay by 2.7% during the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 51,978 shares of the e-commerce company’s stock worth $2,092,000 after buying an additional 1,357 shares during the last quarter. Korea Investment CORP lifted its holdings in shares of eBay by 0.4% during the second quarter. Korea Investment CORP now owns 404,131 shares of the e-commerce company’s stock worth $14,654,000 after buying an additional 1,500 shares during the last quarter. Timber Creek Capital Management LLC lifted its holdings in shares of eBay by 2.8% during the second quarter. Timber Creek Capital Management LLC now owns 57,455 shares of the e-commerce company’s stock worth $2,083,000 after buying an additional 1,540 shares during the last quarter. Finally, MUFG Americas Holdings Corp lifted its holdings in shares of eBay by 11.7% during the second quarter. MUFG Americas Holdings Corp now owns 14,953 shares of the e-commerce company’s stock worth $542,000 after buying an additional 1,567 shares during the last quarter. Hedge funds and other institutional investors own 84.77% of the company’s stock.

Shares of NASDAQ:EBAY opened at $34.04 on Friday. eBay Inc has a fifty-two week low of $32.85 and a fifty-two week high of $46.99. The firm has a market capitalization of $33.68 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.95 and a beta of 1.22. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.29.

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 analysts’ consensus estimates of $0.51 by $0.02. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. research analysts predict that eBay Inc will post 1.84 EPS for the current fiscal year.

A number of research analysts have recently commented on EBAY shares. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a report on Wednesday, September 12th. Canaccord Genuity cut their price target on eBay from $43.00 to $40.00 and set a “hold” rating for the company in a report on Thursday, July 19th. Wedbush reiterated a “neutral” rating and set a $36.00 price target on shares of eBay in a report on Thursday, September 13th. Morgan Stanley cut their price target on eBay from $58.00 to $55.00 and set a “$34.11” rating for the company in a report on Thursday, July 19th. Finally, Raymond James lowered eBay from a “strong-buy” rating to an “outperform” rating and set a $51.00 price target for the company. in a report on Thursday, July 19th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.90.

In other news, SVP Wendy Elizabeth Jones sold 10,516 shares of the stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $33.68, for a total transaction of $354,178.88. Following the sale, the senior vice president now owns 21,620 shares in the company, valued at $728,161.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kristin A. Yetto sold 23,648 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $33.54, for a total value of $793,153.92. Following the sale, the senior vice president now owns 109,116 shares in the company, valued at approximately $3,659,750.64. The disclosure for this sale can be found here. Insiders have sold 138,158 shares of company stock worth $4,718,578 in the last 90 days. Company insiders own 6.78% of the company’s stock.

eBay Profile

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.

Featured Article: What does relative strength index mean?

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.