Fjarde Ap-fonden Fourth Swedish National Pension Fund buys $8,292,357 stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 145 additional shares in eBay Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 260,030 shares of eBay Inc which is valued at $8,292,357.eBay Inc makes up approximately 0.18% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in EBAY in the latest quarter, The investment management firm added 2,161 additional shares and now holds a total of 55,782 shares of eBay Inc which is valued at $1,778,888. eBay Inc makes up approx 0.16% of Reliance Trust Co Of Delaware’s portfolio.Chevy Chase Trust Holdings reduced its stake in EBAY by selling 31,477 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 919,679 shares of EBAY which is valued at $29,567,680. eBay Inc makes up approx 0.16% of Chevy Chase Trust Holdings’s portfolio.Beacon Financial Group reduced its stake in EBAY by selling 731 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 12,032 shares of EBAY which is valued at $386,829. eBay Inc makes up approx 0.08% of Beacon Financial Group’s portfolio.

eBay Inc opened for trading at $31.82 and hit $32.24 on the upside on Friday, eventually ending the session at $31.89, with a gain of 1.21% or 0.38 points. The heightened volatility saw the trading volume jump to 1,43,92,280 shares. Company has a market cap of $36,004 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. Wedbush Resumed eBay Inc on Oct 13, 2016 to “Neutral”, Price Target of the shares are set at $34.Company shares were Upgraded by Deutsche Bank on Sep 29, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $30 .Company shares were Reiterated by Axiom Capital on Sep 14, 2016 to “Buy”, Firm has raised the Price Target to $ 38 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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