BBVA USA Bancshares Inc. trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,395 shares of the e-commerce company’s stock after selling 831 shares during the period. BBVA USA Bancshares Inc.’s holdings in eBay were worth $438,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Alpha Windward LLC acquired a new stake in shares of eBay during the second quarter worth approximately $26,000. Rocky Mountain Advisers LLC acquired a new stake in shares of eBay in the second quarter valued at approximately $26,000. Nachman Norwood & Parrott Inc acquired a new stake in shares of eBay in the third quarter valued at approximately $27,000. Gradient Investments LLC increased its holdings in shares of eBay by 70.7% in the third quarter. Gradient Investments LLC now owns 512 shares of the e-commerce company’s stock valued at $27,000 after purchasing an additional 212 shares in the last quarter. Finally, CX Institutional increased its holdings in shares of eBay by 790.7% in the second quarter. CX Institutional now owns 668 shares of the e-commerce company’s stock valued at $35,000 after purchasing an additional 593 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.
In other news, CAO Brian J. Doerger sold 4,384 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $58.48, for a total transaction of $256,376.32. Following the transaction, the chief accounting officer now directly owns 18,226 shares in the company, valued at approximately $1,065,856.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jae Hyun Lee sold 12,477 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $57.00, for a total transaction of $711,189.00. Following the transaction, the senior vice president now owns 285,796 shares in the company, valued at $16,290,372. The disclosure for this sale can be found here. Insiders have sold a total of 152,432 shares of company stock worth $8,625,544 over the last 90 days. 5.02% of the stock is owned by company insiders.
A number of brokerages recently weighed in on EBAY. ValuEngine raised shares of eBay from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Guggenheim raised their price target on shares of eBay from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. The Goldman Sachs Group raised their price target on shares of eBay from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, July 20th. They noted that the move was a valuation call. Stifel Nicolaus raised their price objective on shares of eBay from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, UBS Group raised their price objective on shares of eBay from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.64.
Shares of EBAY stock opened at $49.28 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.81. eBay Inc. has a 1 year low of $26.02 and a 1 year high of $61.06. The firm’s fifty day moving average price is $52.77 and its two-hundred day moving average price is $50.24. The firm has a market capitalization of $34.49 billion, a P/E ratio of 7.44, a PEG ratio of 1.42 and a beta of 1.33.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.13. eBay had a net margin of 46.91% and a return on equity of 77.65%. During the same quarter last year, the firm posted $0.67 EPS. As a group, equities research analysts forecast that eBay Inc. will post 3.04 EPS for the current fiscal year.
eBay Company Profile
eBay Inc operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps; and Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others that offer online classifieds to help people find what they are looking for in their local communities.
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