Investec Asset Management Ltd buys $264,517,928 stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Investec Asset Management Ltd scooped up 246,499 additional shares in eBay Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 8,563,222 shares of eBay Inc which is valued at $264,517,928.eBay Inc makes up approximately 1.29% of Investec Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Pictet Asset Management Ltd reduced its stake in EBAY by selling 22,915 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 1,924,656 shares of EBAY which is valued at $59,452,624. eBay Inc makes up approx 0.22% of Pictet Asset Management Ltd’s portfolio.Blackrock Japan Ltd boosted its stake in EBAY in the latest quarter, The investment management firm added 105,318 additional shares and now holds a total of 1,660,391 shares of eBay Inc which is valued at $51,289,478. eBay Inc makes up approx 0.18% of Blackrock Japan Ltd’s portfolio.Central Trust Co boosted its stake in EBAY in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 8,132 shares of eBay Inc which is valued at $253,718. eBay Inc makes up approx 0.02% of Central Trust Co’s portfolio.Dupont Capital Management Corp boosted its stake in EBAY in the latest quarter, The investment management firm added 22,000 additional shares and now holds a total of 210,400 shares of eBay Inc which is valued at $6,511,880. eBay Inc makes up approx 0.14% of Dupont Capital Management Corp’s portfolio.Barry Investment Advisors boosted its stake in EBAY in the latest quarter, The investment management firm added 2,481 additional shares and now holds a total of 11,541 shares of eBay Inc which is valued at $305,721. eBay Inc makes up approx 0.12% of Barry Investment Advisors’s portfolio.

eBay Inc opened for trading at $31.25 and hit $31.5 on the upside on Monday, eventually ending the session at $31.4, with a gain of 0.29% or 0.09 points. The heightened volatility saw the trading volume jump to 51,08,768 shares. Company has a market cap of $35,451 M.

On the company’s financial health, eBay Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.42. The company had revenue of $2230.00 million for the quarter, compared to analysts expectations of $2173.50 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on eBay Inc. Company shares were Reiterated by Mizuho on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 31 from a previous price target of $26 .Company shares were Reiterated by The Benchmark Company on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $29 .Company shares were Reiterated by Canaccord Genuity on Jul 21, 2016 to “Hold”, Firm has raised the Price Target to $ 28 from a previous price target of $27 .

eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs) to develop software and solutions for commerce. The Company’s segments include Marketplaces and Payments. The Company’s Marketplaces segment includes its ebay.com platform and its localized counterparts as well as other online platforms such as its online classifieds sites and StubHub. The Company’s Payments segment consists of its PayPal business. Its classifieds Websites include alaMaula BilBasen dba.dk eBay Classifieds (eBay Classifieds eBay Kleinanzeigen and eBay Annunci) Gumtree Kijiji iBazar 2dehands.be 2ememain.be LoQUo Marktplaats.nl and mobile.de. It also offers trust and safety programs including PayPal’s Seller Protection and Purchase Protection Programs through its PayPal. It offers mobile applications for iPhone iPad Android and Windows mobile devices.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *