River & Mercantile Asset Management LLP Decreases Position in eBay (EBAY)

River & Mercantile Asset Management LLP trimmed its position in eBay (NASDAQ:EBAY) by 4.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,640 shares of the e-commerce company’s stock after selling 5,500 shares during the period. River & Mercantile Asset Management LLP’s holdings in eBay were worth $4,976,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. acquired a new position in eBay in the fourth quarter worth about $107,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in eBay by 506.3% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,910 shares of the e-commerce company’s stock worth $117,000 after purchasing an additional 2,430 shares in the last quarter. Massey Quick Simon & CO. LLC grew its stake in eBay by 100.0% in the first quarter. Massey Quick Simon & CO. LLC now owns 2,958 shares of the e-commerce company’s stock worth $119,000 after purchasing an additional 1,479 shares in the last quarter. Motco acquired a new position in eBay in the first quarter worth about $129,000. Finally, Financial Advocates Investment Management acquired a new position in eBay in the fourth quarter worth about $148,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

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In related news, Director Robert Holmes Swan sold 41,444 shares of the business’s stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $42.52, for a total transaction of $1,762,198.88. Following the sale, the director now owns 304,529 shares of the company’s stock, valued at $12,948,573.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Stephen Fisher sold 12,408 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $37.47, for a total value of $464,927.76. Following the sale, the senior vice president now directly owns 87,049 shares in the company, valued at approximately $3,261,726.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,558 shares of company stock worth $7,242,024. 6.78% of the stock is owned by corporate insiders.

A number of research firms recently commented on EBAY. Goldman Sachs Group set a $49.00 price target on eBay and gave the stock a “buy” rating in a research note on Thursday, February 1st. Atlantic Securities set a $45.00 target price on eBay and gave the company a “neutral” rating in a research note on Thursday, February 1st. Macquarie set a $46.00 target price on eBay and gave the company a “neutral” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. set a $45.00 target price on eBay and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Robert W. Baird set a $52.00 target price on eBay and gave the company a “buy” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.13.

Shares of NASDAQ EBAY opened at $37.72 on Friday. eBay has a 12-month low of $33.89 and a 12-month high of $46.99. The company has a market cap of $37.62 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.63 and a quick ratio of 2.63.

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

eBay Company Profile

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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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