Neuberger Berman Group LLC cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,568,065 shares of the e-commerce company’s stock after selling 309,900 shares during the quarter. Neuberger Berman Group LLC owned 0.82% of eBay worth $329,528,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in EBAY. Captrust Financial Advisors bought a new stake in shares of eBay during the 2nd quarter valued at approximately $108,000. BB&T Investment Services Inc. bought a new stake in shares of eBay during the 2nd quarter valued at approximately $119,000. Valeo Financial Advisors LLC bought a new stake in shares of eBay during the 3rd quarter valued at approximately $122,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of eBay during the 2nd quarter valued at approximately $123,000. Finally, Westside Investment Management Inc. boosted its position in eBay by 1.7% during the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after buying an additional 60 shares during the period. 86.06% of the stock is currently owned by institutional investors.
EBAY has been the topic of several recent research reports. BMO Capital Markets upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Monday, December 4th. SunTrust Banks reiterated a “hold” rating and set a $38.00 target price on shares of eBay in a research report on Friday, November 17th. Piper Jaffray Companies set a $34.00 target price on shares of eBay and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Guggenheim initiated coverage on shares of eBay in a research report on Friday, October 20th. They set a “neutral” rating on the stock. Finally, BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $38.51.
Shares of eBay Inc. (EBAY) opened at $37.52 on Tuesday. The firm has a market cap of $39,328.10, a price-to-earnings ratio of 23.53, a PEG ratio of 2.89 and a beta of 1.33. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. eBay Inc. has a one year low of $29.01 and a one year high of $39.28.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. eBay’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. analysts expect that eBay Inc. will post 1.65 earnings per share for the current fiscal year.
In other eBay news, VP Brian J. Doerger sold 4,359 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the sale, the vice president now owns 23,392 shares in the company, valued at approximately $836,264. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marie Oh Huber sold 72,417 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the sale, the senior vice president now owns 101,589 shares of the company’s stock, valued at approximately $3,812,635.17. The disclosure for this sale can be found here. Insiders sold a total of 184,242 shares of company stock valued at $6,842,297 in the last quarter. 6.78% of the stock is currently owned by company insiders.
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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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