Quantamental Technologies LLC Increases Stock Position in eBay Inc (NASDAQ:EBAY)
Quantamental Technologies LLC boosted its stake in shares of eBay Inc (NASDAQ:EBAY) by 1,657.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,337 shares of the e-commerce company’s stock after buying an additional 2,204 shares during the quarter. Quantamental Technologies LLC’s holdings in eBay were worth $92,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Chemical Bank raised its position in eBay by 87.9% in the second quarter. Chemical Bank now owns 29,621 shares of the e-commerce company’s stock valued at $1,170,000 after purchasing an additional 13,856 shares during the period. Harrington Investments INC raised its holdings in shares of eBay by 5.2% in the 2nd quarter. Harrington Investments INC now owns 26,591 shares of the e-commerce company’s stock valued at $1,050,000 after buying an additional 1,310 shares during the period. Capital Asset Advisory Services LLC acquired a new position in eBay during the 2nd quarter worth about $351,000. WINTON GROUP Ltd lifted its stake in eBay by 10.2% during the 2nd quarter. WINTON GROUP Ltd now owns 905,851 shares of the e-commerce company’s stock worth $35,781,000 after acquiring an additional 84,212 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in eBay by 67.1% during the 2nd quarter. Bessemer Group Inc. now owns 10,097 shares of the e-commerce company’s stock valued at $399,000 after acquiring an additional 4,056 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.
In related news, CAO Brian J. Doerger sold 19,014 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $41.38, for a total value of $786,799.32. Following the completion of the sale, the chief accounting officer now owns 24,844 shares of the company’s stock, valued at $1,028,044.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew J. Murphy acquired 6,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $38.79 per share, with a total value of $232,740.00. The disclosure for this purchase can be found here. Insiders have sold 242,942 shares of company stock valued at $10,060,557 over the last 90 days. 5.60% of the stock is currently owned by insiders.
eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.19. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.67 billion. eBay had a return on equity of 36.67% and a net margin of 22.12%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, sell-side analysts anticipate that eBay Inc will post 2.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.40%. eBay’s dividend payout ratio (DPR) is presently 24.14%.
EBAY has been the topic of a number of recent research reports. Aegis reiterated a “buy” rating and set a $45.00 price target (up from $43.00) on shares of eBay in a research note on Thursday, July 18th. Credit Suisse Group raised their price objective on shares of eBay from $43.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Stifel Nicolaus restated a “hold” rating and issued a $41.00 price objective on shares of eBay in a report on Monday, July 15th. Canaccord Genuity upped their target price on shares of eBay from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, DA Davidson increased their target price on shares of eBay to $47.00 and gave the stock a “reduce” rating in a report on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $41.52.
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps 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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