Iridian Asset Managementct buys $362,306,958 stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Iridian Asset Managementct scooped up 3,106,225 additional shares in eBay Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 11,631,042 shares of eBay Inc which is valued at $362,306,958.eBay Inc makes up approximately 3.21% of Iridian Asset Managementct’s portfolio.

Other Hedge Funds, Including , Tlp Group boosted its stake in EBAY in the latest quarter, The investment management firm added 5,064 additional shares and now holds a total of 24,064 shares of eBay Inc which is valued at $749,594. eBay Inc makes up approx 0.45% of Tlp Group’s portfolio. Tdam Usa sold out all of its stake in EBAY during the most recent quarter. The investment firm sold 9,063 shares of EBAY which is valued $284,488.State Treasurer State Of Michigan reduced its stake in EBAY by selling 939,200 shares or 71.89% in the most recent quarter. The Hedge Fund company now holds 367,186 shares of EBAY which is valued at $11,364,407. eBay Inc makes up approx 0.09% of State Treasurer State Of Michigan’s portfolio.Oakworth Capital boosted its stake in EBAY in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 1,259 shares of eBay Inc which is valued at $38,387. eBay Inc makes up approx 0.01% of Oakworth Capital’s portfolio.Partnerre Asset Management Corp reduced its stake in EBAY by selling 200 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 7,311 shares of EBAY which is valued at $193,668. eBay Inc makes up approx 0.10% of Partnerre Asset Management Corp’s portfolio.

eBay Inc closed down -0.22 points or -0.71% at $30.61 with 69,61,482 shares getting traded on Wednesday. Post opening the session at $30.88, the shares hit an intraday low of $30.49 and an intraday high of $30.9 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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