Jennison Associates LLC lowered its position in shares of eBay Inc (NASDAQ:EBAY) by 1.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 3,065,900 shares of the e-commerce company’s stock after selling 36,618 shares during the period. Jennison Associates LLC owned 0.28% of eBay worth $102,922,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of EBAY. Parallel Advisors LLC acquired a new stake in eBay during the fourth quarter worth approximately $100,000. Physicians Financial Services Inc. boosted its stake in eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock worth $108,000 after buying an additional 300 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in eBay during the fourth quarter worth approximately $149,000. Capital Guardian Trust Co. boosted its stake in eBay by 62.9% in the fourth quarter. Capital Guardian Trust Co. now owns 5,475 shares of the e-commerce company’s stock worth $163,000 after buying an additional 2,114 shares in the last quarter. Finally, Tuttle Tactical Management LLC acquired a new stake in eBay during the third quarter worth approximately $166,000. 85.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of eBay Inc (NASDAQ:EBAY) traded down 0.03% during trading on Friday, hitting $33.50. The stock had a trading volume of 8,548,190 shares. The stock has a market cap of $36.26 billion, a P/E ratio of 4.83 and a beta of 1.31. The stock’s 50 day moving average price is $33.54 and its 200-day moving average price is $31.38. eBay Inc has a one year low of $22.30 and a one year high of $34.74.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. eBay had a net margin of 80.92% and a return on equity of 24.13%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the business earned $0.47 EPS. The company’s revenue was up 3.7% on a year-over-year basis. Analysts expect that eBay Inc will post $2.01 earnings per share for the current fiscal year.
EBAY has been the subject of a number of research analyst reports. Macquarie restated a “neutral” rating and set a $39.00 price objective on shares of eBay in a research report on Tuesday, April 18th. Cowen and Company restated a “market perform” rating and set a $29.00 price objective on shares of eBay in a research report on Thursday, January 19th. Vetr lowered eBay from a “buy” rating to a “hold” rating and set a $35.08 price objective for the company. in a research report on Thursday, February 16th. Stifel Nicolaus restated a “hold” rating and set a $35.00 price objective on shares of eBay in a research report on Friday, April 14th. Finally, FBN Securities raised their price objective on eBay from $33.00 to $34.00 and gave the company a “sector perform” rating in a research report on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. eBay currently has an average rating of “Hold” and an average target price of $35.15.
In other news, SVP Jae Hyun Lee sold 53,127 shares of the firm’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $32.78, for a total value of $1,741,503.06. Following the sale, the senior vice president now directly owns 106,513 shares in the company, valued at approximately $3,491,496.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Tierney sold 6,014 shares of the firm’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $33.28, for a total transaction of $200,145.92. Following the completion of the sale, the director now owns 28,525 shares in the company, valued at $949,312. The disclosure for this sale can be found here. Insiders sold a total of 145,420 shares of company stock worth $4,801,655 over the last 90 days. Company insiders own 7.40% 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.
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