Economy

Earnings on the Doorstep For eBay Inc

Earnings on the Doorstep For eBay Inc

Gateway Investment Advisers LLC cut its position in eBay Inc. Moreover, Louisiana State Employees Retirement Sys has 0.1% invested in eBay Inc (NASDAQ:EBAY) for 65,400 shares. The firm owned 33,541 shares of the e-commerce company's stock after buying an additional 1,770 shares during the period.

Shares of E-commerce giant eBay (EBAY) dropped nearly 7%, initially, in late trading after the company reported Q2 revenue and profit in line with consensus, and forecast this quarter's revenue higher, but also missed the consensus for EPS in its outlook. Westside Investment Management Inc. raised its stake in eBay by 284.0% in the first quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company's stock valued at $992,828,000 after buying an additional 544,112 shares in the last quarter. MA boosted its position in shares of eBay by 4.6% in the first quarter. Edge Asset owns 618,378 shares. FNY Partners Fund LP boosted its position in shares of eBay by 660.0% in the first quarter. Raymond James Trust N.A. now owns 28,161 shares of the e-commerce company's stock valued at $945,000 after buying an additional 2,090 shares during the last quarter. In the last ninety days, insiders have sold 85,712 shares of company stock worth $2,877,612. Fiduciary Management Inc sold 910,078 shares as Ebay Inc.

EBAY closed Thursday's trading at $37.18, up $0.10 or 0.27%, on the Nasdaq. The firm has a 50-day moving average price of $35.20 and a 200 day moving average price of $33.58. Oppenheimer invested in 24,156 shares or 0.02% of the stock. This represents an increase of approximately 231% compared to the average daily volume of 663 put options. (NASDAQ:EBAY) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. It reported adjusted earnings of 45 cents a share, also matching the consensus estimate of 45 cents.

Beat revenue estimates. The company saw revenue figures of $2.328 billion, just edging out our consensus estimate $2.311 billion. First Quadrant L P CA now owns 78,535 shares of the e-commerce company's stock valued at $2,742,000 after buying an additional 58,735 shares during the period.

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Several other hedge funds also recently made changes to their positions in EBAY.

EBay is in the process of rebuilding its online platform with listings that now use highly organized data to improve search relevancy and conversion rates. The stock of eBay Inc (NASDAQ:EBAY) earned "Buy" rating by Axiom Capital on Thursday, July 21. Barclays PLC initiated coverage on shares of eBay in a report on Tuesday, March 28th.

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Today, Benchmark Co. raised its price target on eBay (NASDAQ:EBAY) to $40.00 per share. Piper Jaffray Companies reiterated a "hold" rating and issued a $30.00 price objective on shares of eBay in a research note on Monday, April 10th. TheStreet downgraded shares of eBay from a "b-" rating to a "c+" rating in a research report on Friday, July 14th.

The current consensus rating on eBay (NASDAQ:EBAY) is Hold (Score: 2.37) with a consensus target price of $36.21 per share, a potential 2.34% downside.

There are 1 sell rating, 20 hold ratings, 14 buy ratings on the stock. The company now has an average rating of "Hold" and a consensus price target of $36.12.

On 5/25/2017 Robert Holmes Swan, Director, sold 25,000 with an average share price of $35.00 per share and the total transaction amounting to $875,000.00. Following the completion of the sale, the director now directly owns 286,562 shares of the company's stock, valued at $10,029,670. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

In other news, SVP Stephen Fisher sold 33,008 shares of eBay stock in a transaction that occurred on Monday, April 24th. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it. Lawton III Harry A sold $451,922 worth of stock or 13,400 shares.

Net revenues from eBay's marketplace were up about 5%, while net revenues from StubHub grew 1%. The Company connects buyers and sellers around the world.


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