Eastbay Asset Management adds eBay Inc (EBAY) to its portfolio

eBay Inc (EBAY) : Eastbay Asset Management added new position in eBay Inc during the most recent quarter end. The investment management firm now holds 990,569 shares of eBay Inc which is valued at $27,626,969 , the company said in a statement filed on Nov 14, 2016 with the SEC.eBay Inc makes up approximately 5.29% of Eastbay Asset Management’s portfolio.

Other Hedge Funds, Including , Mandatum Life Insurance Co Ltd boosted its stake in EBAY in the latest quarter, The investment management firm added 3,112 additional shares and now holds a total of 28,112 shares of eBay Inc which is valued at $791,634. eBay Inc makes up approx 0.10% of Mandatum Life Insurance Co Ltd’s portfolio.Victory Capital Management Inc boosted its stake in EBAY in the latest quarter, The investment management firm added 1,383 additional shares and now holds a total of 39,668 shares of eBay Inc which is valued at $1,113,084.Advisor Partners reduced its stake in EBAY by selling 612 shares or 4.14% in the most recent quarter. The Hedge Fund company now holds 14,180 shares of EBAY which is valued at $400,727. eBay Inc makes up approx 0.14% of Advisor Partners’s portfolio.

eBay Inc closed down -0.18 points or -0.62% at $28.69 with 1,16,68,691 shares getting traded on Monday. Post opening the session at $28.84, the shares hit an intraday low of $28.565 and an intraday high of $28.95 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 $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.44. The company had revenue of $2217.00 million for the quarter, compared to analysts expectations of $2185.30 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on eBay Inc. eBay Inc was Upgraded by Hilliard Lyons to ” Buy” on Oct 21, 2016. Company shares were Reiterated by Mizuho on Oct 20, 2016 to “Neutral”, Firm has raised the Price Target to $ 32 from a previous price target of $31 .Shares were Reiterated by Wedbush on Oct 20, 2016 to “Neutral” and Lowered the Price Target to $ 33 from a previous price target of $34 .

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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