Greenbrier Partners Capital Management Exits Position in eBay Inc (EBAY)

eBay Inc (EBAY) : Greenbrier Partners Capital Management has sold out all of its stake in eBay Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 200,000 shares of eBay Inc which is valued at $6,190,000.

Other Hedge Funds, Including , Diam Ltd. boosted its stake in EBAY in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 160,563 shares of eBay Inc which is valued at $4,969,425. eBay Inc makes up approx 0.07% of Diam Ltd.’s portfolio.Nippon Life Insurance Co reduced its stake in EBAY by selling 110 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 62,501 shares of EBAY which is valued at $1,934,406. eBay Inc makes up approx 0.05% of Nippon Life Insurance Co’s portfolio. Hermes Investment Management Ltd sold out all of its stake in EBAY during the most recent quarter. The investment firm sold 8,400 shares of EBAY which is valued $256,116.Nordea Investment Management Ab boosted its stake in EBAY in the latest quarter, The investment management firm added 1,773,314 additional shares and now holds a total of 17,452,193 shares of eBay Inc which is valued at $471,034,689. eBay Inc makes up approx 1.34% of Nordea Investment Management Ab’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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