6,655 Shares in eBay Inc. (NASDAQ:EBAY) Bought by Ascent Group LLC

Ascent Group LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,655 shares of the e-commerce company’s stock, valued at approximately $351,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after buying an additional 4,524,934 shares during the period. M&G Plc purchased a new stake in eBay in the first quarter worth $97,557,000. Norges Bank bought a new stake in shares of eBay during the fourth quarter worth $53,019,000. Dimensional Fund Advisors LP boosted its stake in shares of eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after purchasing an additional 1,141,288 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in eBay by 3,346.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,066,551 shares of the e-commerce company’s stock worth $56,293,000 after buying an additional 1,035,609 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the transaction, the chief accounting officer now owns 4,109 shares in the company, valued at approximately $220,324.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,558 shares of company stock valued at $3,001,254. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EBAY shares. Jefferies Financial Group boosted their price objective on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. initiated coverage on eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price objective on the stock. Mizuho upped their target price on eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Robert W. Baird raised their price target on eBay from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Finally, Benchmark restated a “buy” rating and issued a $58.00 price objective on shares of eBay in a report on Monday, June 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $53.94.

eBay Stock Up 0.8 %

NASDAQ:EBAY traded up $0.43 during midday trading on Monday, reaching $54.61. 4,469,023 shares of the stock traded hands, compared to its average volume of 5,729,717. The business has a 50-day moving average of $53.43 and a two-hundred day moving average of $49.80. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $55.69. The stock has a market capitalization of $27.41 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.49 and a beta of 1.31.

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

eBay Company 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.