eBay Inc (EBAY) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC boosted its position in eBay Inc (NASDAQ:EBAY) by 20.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,218 shares of the e-commerce company’s stock after acquiring an additional 11,480 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in eBay were worth $1,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in eBay by 0.4% in the second quarter. BlackRock Inc. now owns 60,262,860 shares of the e-commerce company’s stock valued at $2,185,132,000 after acquiring an additional 214,189 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of eBay by 49.6% during the second quarter. Bank of New York Mellon Corp now owns 12,182,128 shares of the e-commerce company’s stock valued at $441,723,000 after buying an additional 4,036,288 shares during the last quarter. First Trust Advisors LP grew its stake in shares of eBay by 14.1% during the second quarter. First Trust Advisors LP now owns 8,231,752 shares of the e-commerce company’s stock valued at $298,483,000 after buying an additional 1,019,009 shares during the last quarter. Lindsell Train Ltd grew its stake in shares of eBay by 5.4% during the second quarter. Lindsell Train Ltd now owns 6,157,400 shares of the e-commerce company’s stock valued at $223,267,000 after buying an additional 317,000 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its stake in shares of eBay by 11.7% during the second quarter. Iridian Asset Management LLC CT now owns 4,773,502 shares of the e-commerce company’s stock valued at $173,087,000 after buying an additional 500,329 shares during the last quarter. 84.50% of the stock is currently owned by institutional investors and hedge funds.

eBay stock opened at $27.34 on Monday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.29. The stock has a market cap of $27.05 billion, a PE ratio of 16.27, a PEG ratio of 1.68 and a beta of 1.20. eBay Inc has a 1-year low of $26.95 and a 1-year high of $46.99.



In other news, SVP Jae Hyun Lee sold 26,204 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $35.08, for a total transaction of $919,236.32. Following the completion of the sale, the senior vice president now directly owns 128,457 shares in the company, valued at $4,506,271.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kristin A. Yetto sold 25,240 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $33.99, for a total transaction of $857,907.60. Following the sale, the senior vice president now owns 83,876 shares of the company’s stock, valued at $2,850,945.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,642 shares of company stock valued at $4,364,399. 6.22% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on EBAY. Benchmark reduced their price objective on eBay from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, July 19th. Monness Crespi & Hardt reduced their price objective on eBay from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, July 19th. Citigroup reaffirmed a “buy” rating and set a $50.00 price objective on shares of eBay in a research note on Thursday, July 19th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a “buy” rating on shares of eBay in a research note on Thursday, July 19th. Finally, Guggenheim reaffirmed a “$37.95” rating on shares of eBay in a research note on Wednesday, July 18th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the stock. eBay has a consensus rating of “Hold” and an average price target of $43.62.

eBay Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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