Saybrook Capital Nc Exits Position in eBay Inc (EBAY)

eBay Inc (EBAY) : Saybrook Capital Nc 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 8, 2016 with the SEC. The investment management company has sold out 67,993 shares of eBay Inc which is valued at $2,121,382.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. reduced its stake in EBAY by selling 392,516 shares or 27.25% in the most recent quarter. The Hedge Fund company now holds 1,048,035 shares of EBAY which is valued at $32,698,692. eBay Inc makes up approx 0.28% of Bnp Paribas Investment Partners S.a.’s portfolio.Glenmede Trust Co Na boosted its stake in EBAY in the latest quarter, The investment management firm added 2,474,408 additional shares and now holds a total of 3,382,835 shares of eBay Inc which is valued at $106,187,191. eBay Inc makes up approx 0.62% of Glenmede Trust Co Na’s portfolio.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.Whittier Trust Co reduced its stake in EBAY by selling 1,100 shares or 9.33% in the most recent quarter. The Hedge Fund company now holds 10,686 shares of EBAY which is valued at $332,976. eBay Inc makes up approx 0.01% of Whittier Trust Co’s portfolio. Park Circle Co sold out all of its stake in EBAY during the most recent quarter. The investment firm sold 800 shares of EBAY which is valued $24,392.

eBay Inc opened for trading at $31 and hit $31.31 on the upside on Monday, eventually ending the session at $31.05, with a gain of 0.52% or 0.16 points. The heightened volatility saw the trading volume jump to 70,38,805 shares. Company has a market cap of $35,056 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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