Motley Fool Asset Management LLC Buys 1,687 Shares of eBay Inc. $EBAY

Motley Fool Asset Management LLC raised its stake in eBay Inc. (NASDAQ:EBAY) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,155 shares of the e-commerce company’s stock after buying an additional 1,687 shares during the period. Motley Fool Asset Management LLC’s holdings in eBay were worth $2,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Independent Franchise Partners LLP boosted its position in shares of eBay by 4.6% during the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock valued at $791,714,000 after purchasing an additional 510,629 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of eBay by 5.6% during the 2nd quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after purchasing an additional 478,410 shares in the last quarter. Invesco Ltd. boosted its position in shares of eBay by 8.0% during the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock valued at $571,736,000 after purchasing an additional 627,823 shares in the last quarter. Northern Trust Corp boosted its position in shares of eBay by 4.4% during the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock valued at $481,525,000 after purchasing an additional 300,216 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of eBay by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock valued at $417,021,000 after purchasing an additional 322,910 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of several research analyst reports. Morgan Stanley upped their target price on eBay from $89.00 to $102.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. B. Riley upped their target price on eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. increased their price target on eBay from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Citizens Jmp raised eBay from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Friday, October 24th. Finally, Jefferies Financial Group raised their price objective on eBay from $60.00 to $65.00 and gave the company an “underperform” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $89.57.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $91.76, for a total value of $662,598.96. Following the completion of the sale, the chief executive officer directly owned 250,223 shares of the company’s stock, valued at $22,960,462.48. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Julie A. Loeger sold 75,952 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $93.25, for a total value of $7,082,524.00. Following the completion of the sale, the senior vice president directly owned 53,107 shares of the company’s stock, valued at approximately $4,952,227.75. This trade represents a 58.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 96,743 shares of company stock valued at $8,979,844. 0.64% of the stock is owned by company insiders.

eBay Stock Performance

Shares of eBay stock opened at $99.58 on Wednesday. The company has a market cap of $45.51 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.36 and a beta of 1.31. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15. The business has a 50 day moving average price of $92.59 and a 200-day moving average price of $82.39. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.30 by $0.07. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 earnings per share. Equities analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.