CENTRAL TRUST Co decreased its holdings in eBay Inc (NASDAQ:EBAY) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,977 shares of the e-commerce company’s stock after selling 446 shares during the quarter. CENTRAL TRUST Co’s holdings in eBay were worth $336,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. First Republic Investment Management Inc. lifted its position in eBay by 8.9% during the second quarter. First Republic Investment Management Inc. now owns 78,653 shares of the e-commerce company’s stock valued at $2,852,000 after purchasing an additional 6,427 shares during the period. Voya Investment Management LLC raised its position in eBay by 113.9% in the second quarter. Voya Investment Management LLC now owns 691,509 shares of the e-commerce company’s stock worth $25,074,000 after acquiring an additional 368,162 shares during the period. Morgan Stanley raised its position in eBay by 27.7% in the second quarter. Morgan Stanley now owns 4,771,501 shares of the e-commerce company’s stock worth $173,014,000 after acquiring an additional 1,035,305 shares during the period. Vident Investment Advisory LLC bought a new position in eBay in the second quarter worth approximately $414,000. Finally, Tower Research Capital LLC TRC raised its position in eBay by 3,108.2% in the second quarter. Tower Research Capital LLC TRC now owns 45,557 shares of the e-commerce company’s stock worth $1,652,000 after acquiring an additional 44,137 shares during the period. Institutional investors own 83.48% of the company’s stock.
In other eBay news, SVP Jae Hyun Lee sold 33,652 shares of the stock in a transaction on Friday, November 30th. The shares were sold at an average price of $29.23, for a total transaction of $983,647.96. Following the completion of the transaction, the senior vice president now owns 121,459 shares in the company, valued at $3,550,246.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pierre M. Omidyar sold 36,000 shares of the stock in a transaction on Monday, November 26th. The shares were sold at an average price of $28.82, for a total transaction of $1,037,520.00. Following the transaction, the director now owns 45,364,858 shares of the company’s stock, valued at approximately $1,307,415,207.56. The disclosure for this sale can be found here. Insiders have sold 91,461 shares of company stock valued at $2,643,165 over the last ninety days. 6.22% of the stock is currently owned by corporate insiders.
eBay (NASDAQ:EBAY) last posted its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. eBay had a negative net margin of 7.93% and a positive return on equity of 23.65%. eBay’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share. As a group, research analysts predict that eBay Inc will post 1.84 EPS for the current year.
Several research analysts have weighed in on EBAY shares. FIX downgraded shares of eBay from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $33.00 in a research report on Monday, October 22nd. BidaskClub downgraded shares of eBay from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 25th. Guggenheim reiterated a “hold” rating on shares of eBay in a research report on Tuesday, October 30th. Mizuho reiterated an “underperform” rating and issued a $30.00 price target on shares of eBay in a research report on Wednesday, October 31st. Finally, Goldman Sachs Group downgraded shares of eBay from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $34.00 to $32.00 in a research report on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. eBay presently has a consensus rating of “Hold” and a consensus price target of $39.47.
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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