eBay Inc. (NASDAQ:EBAY) Stock Holdings Lessened by Paloma Partners Management Co

Paloma Partners Management Co trimmed its stake in eBay Inc. (NASDAQ:EBAY) by 59.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. CVA Family Office LLC acquired a new position in eBay in the fourth quarter worth approximately $25,000. LRI Investments LLC acquired a new position in eBay in the first quarter worth approximately $29,000. Washington Trust Advisors Inc. acquired a new position in eBay in the first quarter worth approximately $30,000. Jones Financial Companies Lllp increased its holdings in eBay by 73.5% in the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after buying an additional 310 shares during the last quarter. Finally, American National Bank increased its holdings in eBay by 200.0% in the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after buying an additional 400 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on EBAY shares. JPMorgan Chase & Co. started coverage on eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price target on the stock. StockNews.com upgraded eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Barclays increased their price target on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Wolfe Research started coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley increased their price target on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $53.94.

Insider Buying and Selling

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

eBay Stock Performance

EBAY stock traded up $0.43 during midday trading on Monday, hitting $54.61. The stock had a trading volume of 4,469,023 shares, compared to its average volume of 5,729,717. The firm has a market capitalization of $27.41 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 2.49 and a beta of 1.31. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $55.69. The stock has a 50-day simple moving average of $53.50 and a 200 day simple moving average of $49.89. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98.

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

eBay Profile

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.