Gabelli Funds LLC Has $1.37 Million Position in eBay Inc. (NASDAQ:EBAY)

Gabelli Funds LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 49.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,000 shares of the e-commerce company’s stock after selling 25,500 shares during the quarter. Gabelli Funds LLC’s holdings in eBay were worth $1,372,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Banco Santander S.A. boosted its stake in eBay by 2.1% in the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock worth $609,000 after purchasing an additional 236 shares in the last quarter. Tempus Wealth Planning LLC raised its position in shares of eBay by 3.1% during the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after acquiring an additional 254 shares during the last quarter. GHE LLC raised its position in shares of eBay by 1.5% during the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock worth $762,000 after acquiring an additional 260 shares during the last quarter. Savant Capital LLC raised its position in shares of eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after acquiring an additional 262 shares during the last quarter. Finally, Affinity Investment Advisors LLC raised its position in shares of eBay by 3.0% during the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock worth $414,000 after acquiring an additional 275 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Transactions at eBay

In other news, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The disclosure for this sale can be found here. Insiders sold 59,558 shares of company stock valued at $3,001,254 over the last three months. Company insiders own 0.38% of the company’s stock.

eBay Trading Up 2.0 %

NASDAQ:EBAY traded up $1.06 on Friday, reaching $54.18. The company’s stock had a trading volume of 4,130,189 shares, compared to its average volume of 3,772,745. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $55.69. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $27.20 billion, a PE ratio of 10.79, a PEG ratio of 2.49 and a beta of 1.31. The business’s 50-day moving average price is $53.43 and its two-hundred day moving average price is $49.75.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Equities research analysts anticipate that eBay Inc. will post 3.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Robert W. Baird boosted their target price on eBay from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Jefferies Financial Group boosted their target price on eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Barclays boosted their target price on eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. started coverage on eBay in a report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.94.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.