CENTRAL TRUST Co Raises Stake in eBay Inc (EBAY)

CENTRAL TRUST Co lifted its holdings in shares of eBay Inc (NASDAQ:EBAY) by 43.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 16,197 shares of the e-commerce company’s stock after buying an additional 4,925 shares during the period. CENTRAL TRUST Co’s holdings in eBay were worth $588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EBAY. Wunderlich Capital Managemnt raised its holdings in eBay by 4.5% in the fourth quarter. Wunderlich Capital Managemnt now owns 27,480 shares of the e-commerce company’s stock valued at $1,037,000 after acquiring an additional 1,186 shares in the last quarter. Bbva Compass Bancshares Inc. raised its holdings in eBay by 5.2% during the first quarter. Bbva Compass Bancshares Inc. now owns 27,246 shares of the e-commerce company’s stock worth $1,096,000 after purchasing an additional 1,338 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in eBay by 2.7% during the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 51,978 shares of the e-commerce company’s stock worth $2,092,000 after purchasing an additional 1,357 shares in the last quarter. Advisors Capital Management LLC raised its holdings in eBay by 1.8% during the first quarter. Advisors Capital Management LLC now owns 78,879 shares of the e-commerce company’s stock worth $3,174,000 after purchasing an additional 1,367 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in eBay by 8.6% during the first quarter. D.A. Davidson & CO. now owns 18,281 shares of the e-commerce company’s stock worth $736,000 after purchasing an additional 1,450 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts have weighed in on EBAY shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $45.00 price objective on shares of eBay in a report on Tuesday, April 10th. Morgan Stanley raised shares of eBay from an “underweight” rating to an “overweight” rating and cut their price objective for the stock from $36.00 to $34.00 in a report on Wednesday, April 18th. Aegis reissued a “buy” rating and set a $54.00 price objective (up previously from $52.00) on shares of eBay in a report on Thursday, April 19th. Monness Crespi & Hardt raised shares of eBay from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Friday, April 13th. Finally, BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a research report on Tuesday, June 5th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. eBay currently has an average rating of “Buy” and a consensus target price of $46.47.

eBay opened at $36.98 on Thursday, MarketBeat Ratings reports. eBay Inc has a one year low of $33.94 and a one year high of $46.99. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.63 and a quick ratio of 2.63. The firm has a market capitalization of $37.68 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 25th. The e-commerce company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. eBay had a positive return on equity of 18.06% and a negative net margin of 16.56%. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company earned $0.49 earnings per share. eBay’s quarterly revenue was up 12.0% compared to the same quarter last year. analysts predict that eBay Inc will post 1.84 earnings per share for the current year.

In other news, VP Brian J. Doerger sold 9,232 shares of eBay stock in a transaction on Friday, May 25th. The stock was sold at an average price of $38.15, for a total transaction of $352,200.80. Following the completion of the transaction, the vice president now owns 32,909 shares of the company’s stock, valued at approximately $1,255,478.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Holmes Swan sold 41,444 shares of eBay stock in a transaction on Friday, April 20th. The stock was sold at an average price of $42.52, for a total value of $1,762,198.88. Following the transaction, the director now directly owns 304,529 shares of the company’s stock, valued at approximately $12,948,573.08. The disclosure for this sale can be found here. In the last three months, insiders sold 185,558 shares of company stock valued at $7,242,024. 6.22% of the stock is owned by corporate insiders.

About eBay

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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