Gibraltar Capital Management Lowers stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Gibraltar Capital Management reduced its stake in eBay Inc by 1.71% during the most recent quarter end. The investment management company now holds a total of 86,623 shares of eBay Inc which is valued at $2,680,982 after selling 1,509 shares in eBay Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.eBay Inc makes up approximately 3.12% of Gibraltar Capital Management’s portfolio.

Other Hedge Funds, Including , Pillar Pacific Capital Management reduced its stake in EBAY by selling 2,317 shares or 3.13% in the most recent quarter. The Hedge Fund company now holds 71,733 shares of EBAY which is valued at $2,220,136. eBay Inc makes up approx 0.36% of Pillar Pacific Capital Management’s portfolio.Grandfield Dodd boosted its stake in EBAY in the latest quarter, The investment management firm added 21,746 additional shares and now holds a total of 304,358 shares of eBay Inc which is valued at $9,483,795. eBay Inc makes up approx 1.28% of Grandfield Dodd’s portfolio.Gargoyle Investment Advisor L.l.c. boosted its stake in EBAY in the latest quarter, The investment management firm added 585 additional shares and now holds a total of 50,036 shares of eBay Inc which is valued at $1,566,627. eBay Inc makes up approx 0.55% of Gargoyle Investment Advisor L.l.c.’s portfolio.

eBay Inc opened for trading at $30.94 and hit $31.31 on the upside on Thursday, eventually ending the session at $31.06, with a gain of 0.36% or 0.11 points. The heightened volatility saw the trading volume jump to 75,92,693 shares. Company has a market cap of $35,067 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.

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