Mitchell Mcleod Pugh & Williams Inc. Has $429,000 Stake in eBay Inc. (NASDAQ:EBAY)

Mitchell Mcleod Pugh & Williams Inc. continued to hold its stake in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,289 shares of the e-commerce company’s stock at the end of the second quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in eBay were worth $429,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Round Table Services LLC boosted its stake in eBay by 8.0% in the second quarter. Round Table Services LLC now owns 8,323 shares of the e-commerce company’s stock valued at $291,000 after buying an additional 616 shares during the period. First Quadrant L P CA boosted its stake in shares of eBay by 296.6% in the second quarter. First Quadrant L P CA now owns 78,535 shares of the e-commerce company’s stock valued at $2,742,000 after buying an additional 58,735 shares during the last quarter. Aperio Group LLC boosted its stake in shares of 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 last quarter. Louisiana State Employees Retirement System boosted its stake in shares of 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 last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of 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 last quarter. 85.71% of the stock is owned by institutional investors.

Shares of eBay Inc. (EBAY) traded down 0.20% during midday trading on Friday, hitting $34.78. 8,747,216 shares of the company’s stock were exchanged. eBay Inc. has a one year low of $27.28 and a one year high of $37.48. The firm has a market cap of $37.23 billion, a PE ratio of 5.22 and a beta of 1.36. The stock’s 50-day moving average price is $35.77 and its 200 day moving average price is $34.33. eBay also saw some unusual options trading activity on Wednesday. Stock traders purchased 2,194 put options on the company. This represents an increase of 231% compared to the typical daily volume of 663 put options.

eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the firm earned $0.43 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that eBay Inc. will post $2.00 EPS for the current year.

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

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Several equities research analysts have recently weighed in on EBAY shares. Monness Crespi & Hardt cut shares of eBay from a “buy” rating to a “neutral” rating in a research report on Thursday, April 20th. Canaccord Genuity reaffirmed a “hold” rating and issued a $32.00 price target (up previously from $31.00) on shares of eBay in a research report on Thursday, April 20th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $34.00 price target on shares of eBay in a research report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $39.00 price target (up previously from $38.00) on shares of eBay in a research report on Thursday, April 20th. Finally, Hilliard Lyons reaffirmed a “buy” rating and issued a $38.50 price target (up previously from $36.00) on shares of eBay in a research report on Thursday, April 20th. Three 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 stock has a consensus rating of “Hold” and a consensus price target of $37.05.

In other news, SVP Harry A. Lawton III sold 34,832 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $35.00, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brian J. Doerger sold 10,450 shares of the company’s stock in a transaction dated 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 approximately $877,476.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,238 shares of company stock valued at $3,376,547. Corporate insiders own 6.78% of the company’s stock.

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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