Renaissance Technologies LLC decreased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 52.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,887,940 shares of the e-commerce company’s stock after selling 2,091,200 shares during the period. Renaissance Technologies LLC owned approximately 0.16% of eBay worth $45,046,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in EBAY. Vanguard Group Inc. boosted its position in eBay by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 63,726,172 shares of the e-commerce company’s stock valued at $1,751,195,000 after buying an additional 1,179,755 shares during the last quarter. Magellan Asset Management Ltd boosted its position in eBay by 2.8% in the fourth quarter. Magellan Asset Management Ltd now owns 35,241,719 shares of the e-commerce company’s stock valued at $968,442,000 after buying an additional 961,201 shares during the last quarter. Fiduciary Management Inc. WI boosted its position in eBay by 7.7% in the first quarter. Fiduciary Management Inc. WI now owns 19,016,842 shares of the e-commerce company’s stock valued at $453,742,000 after buying an additional 1,367,451 shares during the last quarter. Boston Partners boosted its position in eBay by 61.6% in the fourth quarter. Boston Partners now owns 18,780,447 shares of the e-commerce company’s stock valued at $516,087,000 after buying an additional 7,156,164 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in eBay by 78.9% in the first quarter. Lazard Asset Management LLC now owns 16,144,360 shares of the e-commerce company’s stock valued at $385,203,000 after buying an additional 7,117,937 shares during the last quarter.
Shares of eBay Inc. (NASDAQ:EBAY) opened at 26.34 on Friday. eBay Inc. has a one year low of $21.52 and a one year high of $29.83. The stock has a market capitalization of $30.26 billion and a price-to-earnings ratio of 20.12. The stock’s 50 day moving average is $24.20 and its 200-day moving average is $24.34.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Tuesday, April 26th. The e-commerce company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. During the same period in the previous year, the business posted $0.77 EPS. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.08 billion. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts predict that eBay Inc. will post $1.86 EPS for the current fiscal year.
EBAY has been the topic of several research analyst reports. Stifel Nicolaus raised eBay from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Monday, March 28th. Vetr cut eBay from a “hold” rating to a “sell” rating and set a $23.75 target price on the stock. in a report on Tuesday, April 26th. Credit Suisse Group AG decreased their target price on eBay from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, April 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $28.00 target price (down from $29.00) on shares of eBay in a report on Wednesday, April 27th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $24.00 target price on shares of eBay in a report on Monday, April 25th. Three investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $34.11.
In related news, SVP Raymond J. Pittman sold 25,000 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $24.24, for a total transaction of $606,000.00. Following the completion of the transaction, the senior vice president now owns 23,729 shares of the company’s stock, valued at approximately $575,190.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kristin A. Yetto sold 10,630 shares of the stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $24.11, for a total transaction of $256,289.30. Following the transaction, the senior vice president now directly owns 28,343 shares of the company’s stock, valued at approximately $683,349.73. The disclosure for this sale can be found here.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.