Strategic Global Advisors buys $1,288,916 stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Strategic Global Advisors scooped up 28,120 additional shares in eBay Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 41,726 shares of eBay Inc which is valued at $1,288,916.eBay Inc makes up approximately 0.47% of Strategic Global Advisors’s portfolio.

Other Hedge Funds, Including , Alliancebernstein boosted its stake in EBAY in the latest quarter, The investment management firm added 499,452 additional shares and now holds a total of 16,160,018 shares of eBay Inc which is valued at $499,182,956. eBay Inc makes up approx 0.41% of Alliancebernstein’s portfolio. Bach Investment Advisors Ltd sold out all of its stake in EBAY during the most recent quarter. The investment firm sold 11,852 shares of EBAY which is valued $372,034.Spot Trading L.l.c reduced its stake in EBAY by selling 25,305 shares or 72.43% in the most recent quarter. The Hedge Fund company now holds 9,634 shares of EBAY which is valued at $298,172. eBay Inc makes up approx 0.04% of Spot Trading L.l.c’s portfolio.Levy Harkins Co Inc reduced its stake in EBAY by selling 1,650 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 167,399 shares of EBAY which is valued at $4,434,400. eBay Inc makes up approx 1.93% of Levy Harkins Co Inc’s portfolio.

eBay Inc opened for trading at $30.68 and hit $30.97 on the upside on Tuesday, eventually ending the session at $30.67, with a gain of 0.16% or 0.05 points. The heightened volatility saw the trading volume jump to 55,94,540 shares. Company has a market cap of $34,627 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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