Gabelli Funds LLC Has $8.49 Million Position in eBay Inc (EBAY)
Gabelli Funds LLC trimmed its position in eBay Inc (NASDAQ:EBAY) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,200 shares of the e-commerce company’s stock after selling 36,000 shares during the quarter. Gabelli Funds LLC’s holdings in eBay were worth $8,493,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Bbva Compass Bancshares Inc. grew its holdings in eBay by 19.1% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 33,138 shares of the e-commerce company’s stock valued at $1,095,000 after buying an additional 5,308 shares in the last quarter. HL Financial Services LLC grew its holdings in eBay by 36.4% during the 3rd quarter. HL Financial Services LLC now owns 10,366 shares of the e-commerce company’s stock valued at $342,000 after buying an additional 2,768 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in eBay by 26.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 51,382 shares of the e-commerce company’s stock valued at $1,697,000 after buying an additional 10,875 shares in the last quarter. Insight 2811 Inc. purchased a new stake in eBay during the 3rd quarter valued at approximately $806,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in eBay during the 3rd quarter valued at approximately $144,000. 85.05% of the stock is owned by institutional investors.
EBAY has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price objective on shares of eBay from $44.00 to $43.00 and set a “hold” rating for the company in a report on Thursday, July 19th. BidaskClub downgraded eBay from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 25th. Benchmark reiterated a “buy” rating and set a $50.00 target price on shares of eBay in a research report on Tuesday, October 16th. SunTrust Banks reiterated a “hold” rating and set a $38.00 target price on shares of eBay in a research report on Friday, October 19th. Finally, Aegis reiterated a “buy” rating and set a $44.00 target price on shares of eBay in a research report on Tuesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.97.
Shares of EBAY opened at $29.63 on Friday. The firm has a market capitalization of $28.73 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.68 and a beta of 1.32. eBay Inc has a 52-week low of $26.36 and a 52-week high of $46.99. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.11.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.65 billion. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. eBay’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. On average, sell-side analysts anticipate that eBay Inc will post 1.84 earnings per share for the current fiscal year.
eBay Company Profile
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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