Cabot Wealth Management Inc. reduced its holdings in eBay Inc (NASDAQ:EBAY) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,895 shares of the e-commerce company’s stock after selling 3,899 shares during the quarter. Cabot Wealth Management Inc.’s holdings in eBay were worth $5,577,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Stoneridge Investment Partners LLC acquired a new position in eBay during the third quarter worth $3,389,000. Arizona State Retirement System raised its holdings in eBay by 1.5% during the third quarter. Arizona State Retirement System now owns 230,548 shares of the e-commerce company’s stock worth $7,613,000 after purchasing an additional 3,416 shares during the last quarter. Intact Investment Management Inc. acquired a new position in eBay during the third quarter worth $492,000. Sanders Capital LLC increased its position in eBay by 0.6% during the third quarter. Sanders Capital LLC now owns 5,997,268 shares of the e-commerce company’s stock worth $222,635,000 after buying an additional 33,968 shares in the last quarter. Finally, CWM LLC increased its position in eBay by 33.5% during the third quarter. CWM LLC now owns 323,321 shares of the e-commerce company’s stock worth $10,676,000 after buying an additional 81,171 shares in the last quarter. 85.48% of the stock is owned by institutional investors and hedge funds.
Shares of EBAY traded up $0.18 during midday trading on Thursday, reaching $28.34. 12,091,942 shares of the company were exchanged, compared to its average volume of 15,089,006. The stock has a market cap of $27.11 billion, a PE ratio of 17.39, a P/E/G ratio of 1.59 and a beta of 1.32. eBay Inc has a 1-year low of $26.36 and a 1-year high of $46.99. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.74 and a quick ratio of 1.74.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, October 30th. The e-commerce company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.65 billion. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share. On average, research analysts anticipate that eBay Inc will post 1.84 earnings per share for the current year.
In related news, VP Brian J. Doerger sold 3,526 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total value of $99,468.46. Following the transaction, the vice president now owns 37,664 shares in the company, valued at $1,062,501.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jae Hyun Lee sold 26,204 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total value of $919,236.32. Following the completion of the transaction, the senior vice president now owns 128,457 shares in the company, valued at approximately $4,506,271.56. The disclosure for this sale can be found here. Insiders own 6.78% of the company’s stock.
Several research firms have weighed in on EBAY. Royal Bank of Canada reissued a “buy” rating and set a $44.00 price target on shares of eBay in a research report on Monday, September 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price objective on shares of eBay in a research report on Monday, September 3rd. Wedbush reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of eBay in a research report on Thursday, September 13th. TheStreet raised eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, September 12th. Finally, BidaskClub downgraded eBay from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have issued a buy rating to the stock. eBay presently has a consensus rating of “Hold” and a consensus price target of $40.97.
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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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