eBay Inc. (NASDAQ:EBAY) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co trimmed its position in eBay Inc. (NASDAQ:EBAY) by 59.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,307 shares of the e-commerce company’s stock after selling 20,820 shares during the quarter. Paloma Partners Management Co’s holdings in eBay were worth $755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of eBay by 22.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after acquiring an additional 1,141,288 shares during the period. LSV Asset Management raised its stake in shares of eBay by 1.5% in the 1st quarter. LSV Asset Management now owns 5,488,460 shares of the e-commerce company’s stock valued at $289,681,000 after acquiring an additional 83,493 shares during the period. Harris Associates L P raised its stake in shares of eBay by 0.7% in the 4th quarter. Harris Associates L P now owns 4,577,264 shares of the e-commerce company’s stock valued at $199,660,000 after acquiring an additional 30,545 shares during the period. Finally, Lyrical Asset Management LP raised its stake in shares of eBay by 1.7% in the 4th quarter. Lyrical Asset Management LP now owns 3,905,301 shares of the e-commerce company’s stock valued at $170,349,000 after acquiring an additional 65,132 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares in the company, valued at $8,803,915.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,558 shares of company stock worth $3,001,254. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EBAY. StockNews.com raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Morgan Stanley boosted their price target on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Robert W. Baird boosted their price target on shares of eBay from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Benchmark reissued a “buy” rating and issued a $58.00 price target on shares of eBay in a research note on Monday, June 17th. Finally, Wolfe Research initiated coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $53.94.

eBay Price Performance

EBAY traded up $0.43 during midday trading on Monday, reaching $54.61. 4,469,023 shares of the company’s stock were exchanged, compared to its average volume of 5,729,717. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $27.41 billion, a PE ratio of 10.88, a P/E/G ratio of 2.49 and a beta of 1.31. The business’s 50-day moving average price is $53.50 and its 200 day moving average price is $49.89. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $55.69.

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

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.