Anchor Capital Advisors LLC Has $11.44 Million Stake in eBay Inc. (EBAY)

Anchor Capital Advisors LLC boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 0.6% during the first quarter, Holdings Channel reports. The firm owned 340,900 shares of the e-commerce company’s stock after buying an additional 2,109 shares during the period. Anchor Capital Advisors LLC’s holdings in eBay were worth $11,444,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of EBAY. Westside Investment Management Inc. raised its stake in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of eBay during the fourth quarter valued at approximately $149,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after buying an additional 2,230 shares during the last quarter. Capital Guardian Trust Co. raised its stake in shares of eBay by 62.9% in the fourth quarter. Capital Guardian Trust Co. now owns 5,475 shares of the e-commerce company’s stock valued at $163,000 after buying an additional 2,114 shares during the last quarter. Finally, First Personal Financial Services raised its stake in shares of eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock valued at $164,000 after buying an additional 4,197 shares during the last quarter. 84.97% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Shares of eBay Inc. (EBAY) opened at 35.57 on Monday. eBay Inc. has a 1-year low of $22.30 and a 1-year high of $36.50. The company’s 50 day moving average is $34.41 and its 200-day moving average is $32.74. The stock has a market capitalization of $38.50 billion, a price-to-earnings ratio of 5.12 and a beta of 1.37.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. eBay had a return on equity of 20.44% and a net margin of 86.31%. eBay’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. Equities analysts anticipate that eBay Inc. will post $2.01 earnings per share for the current fiscal year.

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Several equities research analysts recently commented on EBAY shares. Aegis reissued a “buy” rating on shares of eBay in a report on Wednesday, March 15th. Argus boosted their price target on shares of eBay from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, April 12th. Maxim Group reissued a “buy” rating and issued a $36.00 price target on shares of eBay in a report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $39.00 price target (up previously from $38.00) on shares of eBay in a report on Thursday, April 20th. Finally, Hilliard Lyons reissued a “buy” rating and issued a $38.50 price target (up previously from $36.00) on shares of eBay in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.56.

In related news, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $35.00, for a total transaction of $875,000.00. Following the transaction, the director now directly owns 286,562 shares of the company’s stock, valued at approximately $10,029,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 33,008 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $32.35, for a total value of $1,067,808.80. Following the transaction, the senior vice president now directly owns 109,468 shares in the company, valued at $3,541,289.80. The disclosure for this sale can be found here. Insiders have sold a total of 85,712 shares of company stock worth $2,877,612 over the last three months. 6.78% of the stock is currently owned by corporate insiders.

About eBay

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.

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).

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