eBay Inc. (EBAY) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,762 shares of the e-commerce company’s stock after buying an additional 517 shares during the period. Janney Montgomery Scott LLC’s holdings in eBay were worth $1,773,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in EBAY. Westside Investment Management Inc. raised its stake in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the period. FNY Partners Fund LP raised its stake in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the period. Parallel Advisors LLC raised its stake in shares of eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock valued at $140,000 after buying an additional 858 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after buying an additional 2,230 shares during the period. Finally, First Personal Financial Services raised its stake in shares of eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock valued at $164,000 after buying an additional 4,197 shares during the period. Hedge funds and other institutional investors own 85.71% of the company’s stock.

eBay Inc. (NASDAQ EBAY) traded down 0.20% during trading on Friday, hitting $34.78. 8,747,216 shares of the company traded hands. The stock has a 50-day moving average price of $35.77 and a 200-day moving average price of $34.33. The firm has a market capitalization of $37.23 billion, a P/E ratio of 5.22 and a beta of 1.36. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $37.48. eBay also was the target of unusually large options trading on Wednesday. Investors purchased 2,194 put options on the stock. This represents an increase of approximately 231% compared to the average daily volume of 663 put options.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. eBay’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. Equities analysts expect that eBay Inc. will post $2.00 EPS for the current fiscal year.

eBay declared that its Board of Directors has approved a share repurchase plan on Thursday, July 20th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to reacquire up to 7.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

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EBAY has been the topic of several analyst reports. Benchmark Co. boosted their price target on shares of eBay from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $41.00 target price (up previously from $40.00) on shares of eBay in a report on Sunday, July 23rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $28.00 target price on shares of eBay in a report on Saturday, July 22nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $38.00 target price on shares of eBay in a report on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $36.00 target price on shares of eBay in a report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. eBay presently has a consensus rating of “Hold” and a consensus price target of $37.05.

In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the transaction, the director now owns 286,562 shares in the company, valued at approximately $10,029,670. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $35.00, for a total value of $1,219,120.00. Following the completion of the transaction, the senior vice president now owns 83,058 shares of the company’s stock, valued at approximately $2,907,030. The disclosure for this sale can be found here. Insiders sold a total of 95,238 shares of company stock valued at $3,376,547 in the last 90 days. Corporate insiders own 6.78% of the company’s stock.

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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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