Olstein Capital Management LP Has $7.81 Million Stake in eBay Inc. (EBAY)

Cornelia Mascio
Novembre 24, 2017

Westside Investment Management Inc. grew its stake in eBay by 1.7% during the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company's stock worth $127,000 after buying an additional 60 shares during the period. Cullen Frost Bankers Inc.'s holdings in eBay were worth $16,606,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company's stock worth $123,651,000 after buying an additional 515,634 shares in the last quarter. Usca Ria LLC raised its holdings in shares of eBay by 1.3% during the second quarter. Gabelli Funds Limited Company owns 393,000 shares. Nordea Investment Management AB lifted its position in eBay by 2.4% during the second quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company's stock worth $483,000 after buying an additional 40 shares during the period. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company's stock worth $575,000 after acquiring an additional 111 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of eBay by 0.3% in the second quarter. Advisors Asset Management Incorporated holds 0.2% of its portfolio in eBay Inc (NASDAQ:EBAY) for 335,088 shares. Hedge funds and other institutional investors own 86.57% of the company's stock. The company has a market cap of $37,562.77, a price-to-earnings ratio of 22.48, a PEG ratio of 2.76 and a beta of 1.36. Following the transaction, the director now owns 262,119 shares of the company's stock, valued at $9,832,083.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $35.75, for a total value of $155,834.25. Following the completion of the transaction, the vice president now directly owns 23,392 shares in the company, valued at approximately $836,264. The disclosure for this sale can be found here. Insiders sold a total of 202,582 shares of company stock valued at $7,540,354 in the last three months.

EBAY has been the subject of several recent research reports. Jefferies Group LLC restated a "hold" rating and set a $36.00 price target on shares of eBay in a research report on Tuesday, May 2nd. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $32.00 price target (up previously from $31.00) on shares of eBay in a research report on Saturday, April 22nd. SunTrust Banks, Inc. started coverage on shares of eBay in a research report on Tuesday, August 15th. The stock of eBay Inc (NASDAQ:EBAY) has "Hold" rating given on Thursday, January 26 by Stifel Nicolaus. Morgan Stanley set a $34.00 target price on eBay and gave the stock a "sell" rating in a research report on Thursday, October 19th. Finally, Robert W. Baird reissued an "outperform" rating and set a $38.00 target price on shares of eBay in a research report on Sunday, August 20th.

Among 44 analysts covering eBay Inc (NASDAQ:EBAY), 23 have Buy rating, 3 Sell and 18 Hold. The company has an average rating of "Hold" and a consensus price target of $38.45.

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Boston Partners reduced its position in shares of eBay Inc. (EBAY) opened at $35.94 on Friday. On Wednesday, March 2 the stock rating was initiated by BMO Capital Markets with "Market Perform".

eBay Inc. (NASDAQ EBAY) traded down $0.02 during trading on Wednesday, hitting $35.94. On Wednesday, May 31 Lee Jae Hyun sold $213,236 worth of eBay Inc (NASDAQ:EBAY) or 6,204 shares. The e-commerce company reported $0.48 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.48. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. eBay had a return on equity of 15.69% and a net margin of 80.45%. The firm's revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. research analysts expect that eBay Inc. will post 1.65 earnings per share for the current year. The Company connects buyers and sellers around the world. The Company's 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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