First Quadrant L P CA Buys 58,735 Shares of eBay Inc. (EBAY)

First Quadrant L P CA raised its position in eBay Inc. (NASDAQ:EBAY) by 296.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,535 shares of the e-commerce company’s stock after buying an additional 58,735 shares during the period. First Quadrant L P CA’s holdings in eBay were worth $2,742,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Aperio Group LLC raised its position in eBay by 73.9% in the second quarter. Aperio Group LLC now owns 1,067,704 shares of the e-commerce company’s stock valued at $37,284,000 after buying an additional 453,567 shares during the period. Louisiana State Employees Retirement System raised its position in eBay by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 62,400 shares of the e-commerce company’s stock valued at $2,179,000 after buying an additional 300 shares during the period. LS Investment Advisors LLC raised its position in eBay by 5.6% in the second quarter. LS Investment Advisors LLC now owns 33,541 shares of the e-commerce company’s stock valued at $1,171,000 after buying an additional 1,770 shares during the period. Marathon Asset Management LLP raised its position in eBay by 47.7% in the second quarter. Marathon Asset Management LLP now owns 1,655,638 shares of the e-commerce company’s stock valued at $57,812,000 after buying an additional 534,373 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV raised its position in eBay by 6.0% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 16,398 shares of the e-commerce company’s stock valued at $573,000 after buying an additional 925 shares during the period. 85.71% of the stock is owned by institutional investors.

eBay Inc. (EBAY) traded down 0.20% during midday trading on Friday, hitting $34.78. The stock had a trading volume of 8,747,216 shares. The company has a market cap of $37.23 billion, a price-to-earnings 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. The company has a 50-day moving average price of $35.77 and a 200-day moving average price of $34.33. eBay also was the target of unusually large options trading on Wednesday. Stock investors purchased 2,194 put options on the company. This is an increase of 231% compared to the average daily volume of 663 put options.

eBay (NASDAQ:EBAY) last issued its earnings results 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 return on equity of 17.50% and a net margin of 80.93%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the firm posted $0.43 EPS. eBay’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that eBay Inc. will post $2.00 EPS for the current year.

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

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EBAY has been the subject of several recent research reports. Monness Crespi & Hardt lowered shares of eBay from a “buy” rating to a “neutral” rating in a report on Thursday, April 20th. Canaccord Genuity reissued a “hold” rating and issued a $32.00 price target (up previously from $31.00) on shares of eBay in a report on Thursday, April 20th. Credit Suisse Group reissued a “neutral” rating and issued a $34.00 price target on shares of eBay in a report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $39.00 price target (up previously from $38.00) on shares of eBay in a report on Thursday, April 20th. Finally, Hilliard Lyons reissued a “buy” rating and issued a $38.50 price target (up previously from $36.00) on shares of eBay in a report on Thursday, April 20th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $37.05.

In related news, SVP Stephen Fisher sold 11,956 shares of the firm’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 completion of the sale, the senior vice president now directly owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’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 directly owns 286,562 shares of the company’s stock, valued at $10,029,670. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,238 shares of company stock valued at $3,376,547. 6.78% of the stock is currently owned by insiders.

eBay Company Profile

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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