GHP Investment Advisors Inc. Boosts Stake in eBay Inc (EBAY)

GHP Investment Advisors Inc. Boosts Stake in eBay Inc (EBAY)

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in eBay during the fourth quarter worth approximately $224,505,000. M&T Bank Corp increased its position in eBay by 385.5% in the third quarter. M&T Bank Corp now owns 8,824,578 shares of the e-commerce company’s stock worth $290,330,000 after buying an additional 7,006,789 shares in the last quarter. Equity Investment Corp Acquisition Inc purchased a new position in eBay during the fourth quarter worth approximately $132,778,000. Brahman Capital Corp. purchased a new position in eBay during the fourth quarter worth approximately $83,851,000. Finally, Fred Alger Management Inc. increased its position in eBay by 14,982.5% in the fourth quarter. Fred Alger Management Inc. now owns 2,569,450 shares of the e-commerce company’s stock worth $76,287,000 after buying an additional 2,552,414 shares in the last quarter. 85.86% of the stock is currently owned by institutional investors.

GHP Investment Advisors Inc. raised its position in shares of eBay Inc (NASDAQ:EBAY) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,051 shares of the e-commerce company’s stock after buying an additional 345 shares during the period. GHP Investment Advisors Inc.’s holdings in eBay were worth $606,000 at the end of the most recent reporting period.

Shares of eBay Inc (NASDAQ:EBAY) opened at 34.30 on Thursday. The stock’s 50 day moving average price is $33.78 and its 200 day moving average price is $32.08. The company has a market capitalization of $37.12 billion, a price-to-earnings ratio of 4.94 and a beta of 1.31. eBay Inc has a 1-year low of $22.30 and a 1-year high of $35.30.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. eBay had a net margin of 80.92% and a return on equity of 24.13%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Analysts expect that eBay Inc will post $2.01 EPS for the current year.

A number of research analysts have commented on EBAY shares. Vetr raised eBay from a “buy” rating to a “strong-buy” rating and set a $38.08 target price on the stock in a report on Monday, March 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $35.00 target price on shares of eBay in a report on Friday, April 14th. Aegis reaffirmed a “buy” rating on shares of eBay in a report on Wednesday, March 15th. Barclays PLC started coverage on eBay in a report on Tuesday, March 28th. They set an “overweight” rating and a $41.00 target price on the stock. Finally, Argus increased their target price on eBay from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have issued a buy rating to the company. eBay currently has a consensus rating of “Hold” and a consensus price target of $35.19.

In related news, VP Brian J. Doerger sold 2,903 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $34.11, for a total transaction of $99,021.33. Following the sale, the vice president now owns 30,701 shares in the company, valued at approximately $1,047,211.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 33,008 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the sale, the senior vice president now owns 109,468 shares in the company, valued at approximately $3,541,289.80. The disclosure for this sale can be found here. Insiders have sold a total of 85,712 shares of company stock worth $2,877,612 in the last quarter. 7.40% of the stock is currently owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EBAY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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