GSA Capital Partners LLP Decreases Stake in eBay Inc. (EBAY)

GSA Capital Partners LLP decreased its position in eBay Inc. (NASDAQ:EBAY) by 40.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,916 shares of the e-commerce company’s stock after selling 8,607 shares during the quarter. GSA Capital Partners LLP’s holdings in eBay were worth $451,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Waldron LP bought a new stake in shares of eBay in the first quarter valued at approximately $210,000. Victory Capital Management Inc. boosted its stake in shares of eBay by 19.6% in the first quarter. Victory Capital Management Inc. now owns 49,895 shares of the e-commerce company’s stock valued at $1,675,000 after buying an additional 8,177 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of eBay in the first quarter valued at approximately $290,000. Tredje AP fonden boosted its stake in shares of eBay by 1.3% in the first quarter. Tredje AP fonden now owns 224,165 shares of the e-commerce company’s stock valued at $7,525,000 after buying an additional 2,834 shares during the period. Finally, Bodenholm Capital AB bought a new stake in shares of eBay in the first quarter valued at approximately $19,976,000. 84.88% of the stock is currently owned by institutional investors.

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eBay Inc. (EBAY) opened at 38.09 on Friday. The firm’s 50 day moving average is $37.65 and its 200 day moving average is $35.44. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $39.28. The company has a market cap of $40.77 billion, a PE ratio of 5.71 and a beta of 1.36.

eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Analysts forecast that eBay Inc. will post $2.00 EPS for the current fiscal year.

eBay declared that its Board of Directors has authorized a share buyback plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Several brokerages recently issued reports on EBAY. KeyCorp reiterated a “hold” rating on shares of eBay in a research note on Wednesday. Piper Jaffray Companies set a $34.00 price target on eBay and gave the company a “hold” rating in a research note on Wednesday. Wells Fargo & Company reiterated an “outperform” rating and issued a $45.00 price target on shares of eBay in a research note on Tuesday, September 26th. Benchmark Co. reiterated a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of eBay in a research note on Friday, September 22nd. Finally, Aegis reiterated a “buy” rating and issued a $44.00 price target (up from $42.00) on shares of eBay in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have assigned a buy rating to the company. eBay presently has an average rating of “Hold” and an average target price of $37.66.

In other news, SVP Harry A. Lawton III sold 34,832 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $35.00, for a total value of $1,219,120.00. Following the transaction, the senior vice president now owns 83,058 shares in the company, valued at $2,907,030. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brian J. Doerger sold 10,450 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the transaction, the vice president now owns 24,001 shares in the company, valued at approximately $877,476.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,238 shares of company stock worth $3,439,297. Insiders own 6.78% of the company’s stock.

eBay Company Profile

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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