eBay Inc. (NASDAQ:EBAY) Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lessened its stake in eBay Inc. (NASDAQ:EBAY) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,208 shares of the e-commerce company’s stock after selling 1,732 shares during the period. Mediolanum International Funds Ltd’s holdings in eBay were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of EBAY. Van ECK Associates Corp raised its holdings in shares of eBay by 25.0% in the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after buying an additional 17,143 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after buying an additional 60,544 shares during the last quarter. PGGM Investments raised its holdings in shares of eBay by 88.0% in the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after buying an additional 28,604 shares during the last quarter. Freestone Capital Holdings LLC raised its holdings in shares of eBay by 435.2% in the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after buying an additional 29,624 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of eBay by 35.7% in the first quarter. Daiwa Securities Group Inc. now owns 150,661 shares of the e-commerce company’s stock valued at $7,952,000 after buying an additional 39,636 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Down 0.8 %

EBAY stock opened at $63.10 on Monday. The company’s 50 day simple moving average is $62.71 and its 200-day simple moving average is $56.47. The firm has a market capitalization of $30.86 billion, a PE ratio of 12.25, a P/E/G ratio of 2.45 and a beta of 1.32. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $67.80. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Equities analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EBAY. The Goldman Sachs Group upped their target price on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. UBS Group increased their price target on shares of eBay from $59.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday. Wolfe Research initiated coverage on shares of eBay in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Morgan Stanley increased their price target on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $62.14.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is owned by insiders.

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.