Barton Investment Management Lowers stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Barton Investment Management reduced its stake in eBay Inc by 92.6% during the most recent quarter end. The investment management company now holds a total of 14,104 shares of eBay Inc which is valued at $436,519 after selling 176,576 shares in eBay Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.eBay Inc makes up approximately 0.15% of Barton Investment Management’s portfolio.

Other Hedge Funds, Including , Utah Retirement Systems reduced its stake in EBAY by selling 22,800 shares or 10.45% in the most recent quarter. The Hedge Fund company now holds 195,343 shares of EBAY which is valued at $6,045,866. eBay Inc makes up approx 0.16% of Utah Retirement Systems’s portfolio.Private Trust Co Na reduced its stake in EBAY by selling 35,910 shares or 71.83% in the most recent quarter. The Hedge Fund company now holds 14,086 shares of EBAY which is valued at $380,181. eBay Inc makes up approx 0.10% of Private Trust Co Na’s portfolio.First Manhattan Co reduced its stake in EBAY by selling 273,323 shares or 40.21% in the most recent quarter. The Hedge Fund company now holds 406,356 shares of EBAY which is valued at $10,764,370. eBay Inc makes up approx 0.06% of First Manhattan Co’s portfolio.

eBay Inc closed down -0.24 points or -0.76% at $31.15 with 95,27,807 shares getting traded on Monday. Post opening the session at $31.38, the shares hit an intraday low of $30.94 and an intraday high of $31.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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