Arvest Bank Trust Division purchased a new stake in eBay Inc (NASDAQ:EBAY) during the third quarter, according to its most recent filing with the SEC. The fund purchased 295,851 shares of the e-commerce company’s stock, valued at approximately $9,769,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lannebo Fonder AB increased its holdings in eBay by 92.3% in the 2nd quarter. Lannebo Fonder AB now owns 125,000 shares of the e-commerce company’s stock valued at $4,528,000 after acquiring an additional 60,000 shares during the last quarter. Madison Investment Holdings Inc. increased its holdings in eBay by 73.1% in the 2nd quarter. Madison Investment Holdings Inc. now owns 25,883 shares of the e-commerce company’s stock valued at $939,000 after acquiring an additional 10,930 shares during the last quarter. Hedeker Wealth LLC bought a new stake in eBay in the 2nd quarter valued at $312,000. Grandfield & Dodd LLC increased its holdings in eBay by 0.5% in the 2nd quarter. Grandfield & Dodd LLC now owns 335,012 shares of the e-commerce company’s stock valued at $12,148,000 after acquiring an additional 1,635 shares during the last quarter. Finally, CWM LLC increased its holdings in eBay by 97.3% in the 2nd quarter. CWM LLC now owns 242,150 shares of the e-commerce company’s stock valued at $8,780,000 after acquiring an additional 119,421 shares during the last quarter. Institutional investors own 84.50% of the company’s stock.
A number of analysts have issued reports on EBAY shares. SunTrust Banks downgraded shares of eBay from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Tuesday, July 10th. Bank of America reduced their price target on shares of eBay from $49.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, July 13th. Credit Suisse Group reduced their price target on shares of eBay from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, July 16th. BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, Guggenheim restated a “$37.95” rating on shares of eBay in a report on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.41.
Shares of NASDAQ:EBAY opened at $27.42 on Wednesday. The stock has a market cap of $27.05 billion, a P/E ratio of 16.82, a PEG ratio of 1.68 and a beta of 1.20. eBay Inc has a 12 month low of $26.36 and a 12 month high of $46.99. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.37 and a current ratio of 2.37.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. eBay had a negative net margin of 10.05% and a positive return on equity of 20.57%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. On average, equities analysts forecast that eBay Inc will post 1.82 EPS for the current year.
eBay Company 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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