Voya Investment Management LLC Boosts Position in eBay Inc (EBAY)

Voya Investment Management LLC lifted its holdings in shares of eBay Inc (NASDAQ:EBAY) by 113.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 691,509 shares of the e-commerce company’s stock after purchasing an additional 368,162 shares during the quarter. Voya Investment Management LLC owned 0.07% of eBay worth $25,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of eBay by 0.4% during the 2nd quarter. BlackRock Inc. now owns 60,262,860 shares of the e-commerce company’s stock worth $2,185,132,000 after acquiring an additional 214,189 shares during the period. Fiduciary Management Inc. WI boosted its stake in shares of eBay by 1.9% during the 1st quarter. Fiduciary Management Inc. WI now owns 13,507,623 shares of the e-commerce company’s stock worth $543,547,000 after acquiring an additional 247,719 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of eBay by 49.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,182,128 shares of the e-commerce company’s stock worth $441,723,000 after acquiring an additional 4,036,288 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of eBay by 9.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,498,104 shares of the e-commerce company’s stock worth $341,963,000 after acquiring an additional 733,072 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of eBay by 14.1% during the 2nd quarter. First Trust Advisors LP now owns 8,231,752 shares of the e-commerce company’s stock worth $298,483,000 after acquiring an additional 1,019,009 shares during the period. 84.84% of the stock is currently owned by institutional investors.

In related news, VP Brian J. Doerger sold 4,811 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $34.05, for a total transaction of $163,814.55. Following the sale, the vice president now owns 34,644 shares in the company, valued at approximately $1,179,628.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kristin A. Yetto sold 23,648 shares of the business’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $33.54, for a total value of $793,153.92. Following the sale, the senior vice president now owns 109,116 shares in the company, valued at approximately $3,659,750.64. The disclosure for this sale can be found here. Insiders have sold a total of 138,158 shares of company stock worth $4,718,578 in the last 90 days. 6.22% of the stock is currently owned by corporate insiders.

Several research analysts have recently commented on EBAY shares. Stifel Nicolaus reduced their target price on eBay from $44.00 to $43.00 and set a “hold” rating for the company in a research note on Thursday, July 19th. BidaskClub downgraded eBay from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 25th. Mizuho reduced their price target on eBay to $36.00 and set an “underperform” rating for the company in a research note on Thursday, July 19th. Royal Bank of Canada restated a “buy” rating and issued a $44.00 price target on shares of eBay in a research note on Monday, September 3rd. Finally, TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a research note on Wednesday, September 12th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the company. eBay currently has an average rating of “Hold” and a consensus price target of $45.93.

eBay stock opened at $32.58 on Tuesday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.29. eBay Inc has a 52 week low of $32.10 and a 52 week high of $46.99. The firm has a market cap of $32.67 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. eBay’s revenue was up 9.1% on a year-over-year basis. As a group, research analysts forecast that eBay Inc will post 1.84 EPS for the current year.

eBay 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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