Quotient Investors LLC Has $1,073,000 Stake in eBay Inc. (EBAY)

Quotient Investors LLC continued to hold its stake in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,957 shares of the e-commerce company’s stock at the end of the second quarter. Quotient Investors LLC’s holdings in eBay were worth $1,073,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in EBAY. Capital One National Association boosted its stake in eBay by 0.5% in the first quarter. Capital One National Association now owns 7,255 shares of the e-commerce company’s stock valued at $244,000 after buying an additional 39 shares during the last quarter. Trust Co. of Vermont boosted its stake in eBay by 0.3% in the second quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after buying an additional 40 shares during the last quarter. Welch & Forbes LLC boosted its stake in eBay by 0.6% in the first quarter. Welch & Forbes LLC now owns 7,708 shares of the e-commerce company’s stock valued at $259,000 after buying an additional 45 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in eBay by 0.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,473 shares of the e-commerce company’s stock valued at $519,000 after buying an additional 50 shares during the last quarter. Finally, Alpha Windward LLC boosted its stake in 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. Hedge funds and other institutional investors own 85.71% of the company’s stock.

eBay Inc. (EBAY) traded down 0.20% during midday trading on Friday, hitting $34.78. 8,747,216 shares of the company traded hands. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $37.48. The stock has a market cap of $37.23 billion, a P/E ratio of 5.22 and a beta of 1.36. The stock has a 50 day moving average of $35.77 and a 200 day moving average of $34.33. eBay also was the recipient of unusually large options trading on Wednesday. Stock traders purchased 2,194 put options on the company. This is an increase of 231% compared to the average 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, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.43 earnings per share. Equities research analysts predict that eBay Inc. will post $2.00 EPS for the current fiscal year.

eBay announced that its Board of Directors has approved a share buyback program on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This news story was reported by BNB Daily and is the property of of BNB Daily. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/quotient-investors-llc-maintains-position-in-ebay-inc-ebay-updated-updated-updated.html.

Several equities research analysts recently issued reports on the stock. Canaccord Genuity restated a “hold” rating and set a $32.00 price objective (up from $31.00) on shares of eBay in a research report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $39.00 price target (up from $38.00) on shares of eBay in a research report on Thursday, April 20th. J P Morgan Chase & Co set a $38.00 price target on shares of eBay and gave the company a “neutral” rating in a research report on Friday, July 21st. BMO Capital Markets reiterated a “market perform” rating and set a $36.00 price target on shares of eBay in a research report on Saturday, July 22nd. Finally, SunTrust Banks, Inc. began coverage on shares of eBay in a research report on Tuesday. They set a “hold” rating and a $38.00 price target for the company. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.05.

In related news, SVP Harry A. Lawton III sold 34,832 shares of the stock in a transaction on Monday, August 14th. The stock was 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 in the company, valued at approximately $2,907,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of the 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 completion of the transaction, the director now owns 286,562 shares of the company’s stock, valued at approximately $10,029,670. 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 quarter. 6.78% of the stock is currently owned by corporate insiders.

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)

Receive News & Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply