CAPROCK Group Inc. reduced its stake in eBay Inc. (NASDAQ:EBAY) by 42.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,804 shares of the e-commerce company’s stock after selling 78,700 shares during the period. eBay accounts for about 0.8% of CAPROCK Group Inc.’s portfolio, making the stock its 21st largest position. CAPROCK Group Inc.’s holdings in eBay were worth $3,695,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fox Run Management L.L.C. purchased a new position in shares of eBay during the first quarter valued at approximately $520,000. Atria Investments LLC raised its position in shares of eBay by 14.0% in the first quarter. Atria Investments LLC now owns 7,931 shares of the e-commerce company’s stock valued at $266,000 after buying an additional 977 shares during the last quarter. BKD Wealth Advisors LLC raised its position in shares of eBay by 25.6% in the first quarter. BKD Wealth Advisors LLC now owns 10,927 shares of the e-commerce company’s stock valued at $367,000 after buying an additional 2,230 shares during the last quarter. Alpha Windward LLC raised its position in shares of eBay by 1.1% in the first quarter. Alpha Windward LLC now owns 5,531 shares of the e-commerce company’s stock valued at $186,000 after buying an additional 59 shares during the last quarter. Finally, Private Trust Co. NA raised its position in shares of eBay by 0.8% in the first quarter. Private Trust Co. NA now owns 13,691 shares of the e-commerce company’s stock valued at $459,000 after buying an additional 111 shares during the last quarter. Institutional investors own 86.48% of the company’s stock.
Shares of eBay Inc. (NASDAQ EBAY) traded up 0.17% during mid-day trading on Friday, hitting $35.05. The company’s stock had a trading volume of 7,746,820 shares. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $37.48. The stock has a market cap of $37.51 billion, a PE ratio of 5.26 and a beta of 1.36. The company has a 50-day moving average price of $35.76 and a 200-day moving average price of $34.20.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts predict that eBay Inc. will post $2.01 EPS for the current fiscal year.
eBay announced that its Board of Directors has approved a share buyback plan on Thursday, July 20th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
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Several research analysts have recently commented on the company. J P Morgan Chase & Co set a $38.00 target price on eBay and gave the stock a “neutral” rating in a research report on Friday, July 21st. Barclays PLC reiterated an “overweight” rating and issued a $42.00 target price (up previously from $41.00) on shares of eBay in a research report on Friday, July 21st. Stifel Nicolaus set a $36.00 price target on eBay and gave the stock a “neutral” rating in a report on Friday, July 21st. UBS AG set a $40.00 price target on eBay and gave the stock a “buy” rating in a report on Friday, July 21st. Finally, Morgan Stanley set a $29.00 price target on eBay and gave the stock a “sell” rating in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $36.97.
In other news, SVP Harry A. Lawton III sold 13,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $35.93, for a total transaction of $467,090.00. Following the completion of the transaction, the senior vice president now directly owns 45,488 shares of the company’s stock, valued at approximately $1,634,383.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total transaction of $382,052.00. Following the transaction, the vice president now directly owns 24,001 shares of the company’s stock, valued at $877,476.56. The disclosure for this sale can be found here. Insiders sold a total of 72,303 shares of company stock valued at $2,560,022 over the last ninety days. 6.78% of the stock is currently owned by insiders.
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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