eBay Inc (EBAY) Shares Bought by General American Investors Co. Inc.

eBay Inc (EBAY) Shares Bought by General American Investors Co. Inc.

General American Investors Co. Inc. raised its stake in shares of eBay Inc (NASDAQ:EBAY) by 4.3% during the first quarter, Holdings Channel reports. The firm owned 605,000 shares of the e-commerce company’s stock after buying an additional 25,000 shares during the period. eBay comprises 2.0% of General American Investors Co. Inc.’s holdings, making the stock its 18th largest position. General American Investors Co. Inc. owned about 0.06% of eBay worth $20,310,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EBAY. Parallel Advisors LLC acquired a new stake in eBay during the fourth quarter valued at $100,000. Physicians Financial Services Inc. raised 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 valued at $108,000 after buying an additional 300 shares during the period. SRS Capital Advisors Inc. acquired a new stake in eBay during the fourth quarter valued at $149,000. Capital Guardian Trust Co. raised 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 valued at $163,000 after buying an additional 2,114 shares during the period. Finally, Tuttle Tactical Management LLC acquired a new stake in eBay during the third quarter valued at $166,000. 85.86% of the stock is currently owned by institutional investors and hedge funds.

eBay Inc (NASDAQ:EBAY) traded down 0.03% during trading on Friday, reaching $33.50. The company had a trading volume of 8,548,190 shares. The firm has a market capitalization of $36.26 billion, a P/E ratio of 4.83 and a beta of 1.31. The firm’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 issued 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. The firm earned $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. eBay had a return on equity of 24.13% and a net margin of 80.92%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. Equities analysts forecast that eBay Inc will post $2.01 earnings per share for the current fiscal year.

EBAY has been the topic of several research analyst reports. Cantor Fitzgerald raised their price objective on eBay to $31.00 in a research note on Thursday, January 26th. Benchmark Co. raised their price objective on eBay to $39.00 in a research note on Thursday, January 26th. Goldman Sachs Group Inc raised their price objective on eBay from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, January 26th. Citigroup Inc raised their price objective on eBay from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, January 26th. Finally, Aegis raised their price objective on eBay from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.15.

In other news, SVP Jae Hyun Lee sold 53,127 shares of the firm’s stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $32.78, for a total transaction of $1,741,503.06. Following the completion of the transaction, the senior vice president now owns 106,513 shares in the company, valued at $3,491,496.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas J. Tierney sold 6,014 shares of the firm’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $33.28, for a total value of $200,145.92. Following the transaction, the director now owns 28,525 shares of the company’s stock, valued at approximately $949,312. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,420 shares of company stock valued at $4,801,655. 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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