Rational Advisors LLC Invests $768,000 in eBay Inc. (NASDAQ:EBAY)

Rational Advisors LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,000 shares of the e-commerce company’s stock, valued at approximately $768,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after buying an additional 59,937,723 shares in the last quarter. Wellington Management Group LLP raised its position in shares of eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after buying an additional 23,404,909 shares in the last quarter. Nordea Investment Management AB raised its position in shares of eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock valued at $501,155,000 after buying an additional 4,749,434 shares in the last quarter. Independent Franchise Partners LLP raised its position in shares of eBay by 17.6% in the second quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock valued at $674,744,000 after buying an additional 2,898,085 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of eBay during the first quarter valued at about $96,616,000. Institutional investors and hedge funds own 86.48% of the company’s stock.

Shares of eBay Inc. (NASDAQ EBAY) opened at 35.05 on Friday. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $37.48. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 5.26 and a beta of 1.36. The stock’s 50 day moving average price is $35.76 and its 200 day moving average price is $34.20.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts expect that eBay Inc. will post $2.01 earnings per share for the current year.

eBay declared that its board has approved a stock buyback program on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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EBAY has been the subject of several research analyst reports. Goldman Sachs Group, Inc. (The) set a $42.00 price objective on eBay and gave the company a “buy” rating in a research report on Wednesday, June 28th. Aegis boosted their price objective on eBay from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, June 27th. Credit Suisse Group upgraded eBay from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $34.00 to $44.00 in a research report on Monday, June 5th. Citigroup Inc. reiterated a “buy” rating and issued a $41.00 price objective (up from $36.00) on shares of eBay in a research report on Thursday, June 8th. Finally, Hilliard Lyons reiterated a “buy” rating and issued a $38.50 price objective (up from $36.00) on shares of eBay in a research report on Thursday, April 20th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.97.

In related news, SVP Stephen Fisher sold 11,956 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $36.24, for a total transaction of $433,285.44. Following the sale, the senior vice president now directly owns 89,740 shares in the company, valued at approximately $3,252,177.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the sale, the director now owns 286,562 shares in the company, valued at $10,029,670. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,303 shares of company stock worth $2,560,022. 6.78% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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