Huntington National Bank lessened its holdings in shares of eBay Inc (NASDAQ:EBAY) by 22.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,731 shares of the e-commerce company’s stock after selling 26,774 shares during the period. Huntington National Bank’s holdings in eBay were worth $2,575,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Windward Capital Management Co. CA boosted its position in shares of eBay by 0.5% in the 4th quarter. Windward Capital Management Co. CA now owns 170,788 shares of the e-commerce company’s stock worth $4,794,000 after purchasing an additional 897 shares in the last quarter. Clean Yield Group bought a new position in eBay in the 4th quarter valued at approximately $28,000. Northwest Investment Counselors LLC lifted its position in eBay by 2.6% in the 4th quarter. Northwest Investment Counselors LLC now owns 42,763 shares of the e-commerce company’s stock valued at $1,200,000 after acquiring an additional 1,077 shares in the last quarter. Advisors Capital Management LLC lifted its position in eBay by 2.3% in the 3rd quarter. Advisors Capital Management LLC now owns 81,198 shares of the e-commerce company’s stock valued at $2,681,000 after acquiring an additional 1,850 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC lifted its position in eBay by 0.7% in the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 317,630 shares of the e-commerce company’s stock valued at $10,488,000 after acquiring an additional 2,160 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.
In other eBay news, VP Brian J. Doerger sold 3,526 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $28.21, for a total value of $99,468.46. Following the completion of the sale, the vice president now directly owns 37,664 shares in the company, valued at $1,062,501.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pierre M. Omidyar sold 36,000 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $28.82, for a total transaction of $1,037,520.00. Following the completion of the sale, the director now owns 45,364,858 shares of the company’s stock, valued at $1,307,415,207.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,646 shares of company stock valued at $2,992,510. 6.22% of the stock is owned by insiders.
eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.86 billion. eBay had a net margin of 23.54% and a return on equity of 27.40%. Sell-side analysts anticipate that eBay Inc will post 2.15 earnings per share for the current year.
The firm also recently disclosed a Not Available dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, February 28th.
Several equities analysts recently issued reports on the company. TheStreet raised eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, January 30th. Imperial Capital decreased their target price on shares of eBay from $64.00 to $56.00 in a research note on Thursday, January 31st. Susquehanna Bancshares boosted their target price on shares of eBay from $33.00 to $43.00 and gave the company a “positive” rating in a research note on Wednesday, January 30th. Raymond James reiterated an “outperform” rating and set a $39.00 target price (up from $35.00) on shares of eBay in a research note on Wednesday, January 30th. Finally, Citigroup reduced their price objective on eBay from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, January 30th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.13.
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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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