Lifeworks Advisors LLC Acquires 6,780 Shares of eBay Inc. (NASDAQ:EBAY)

Lifeworks Advisors LLC raised its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,745 shares of the e-commerce company's stock after buying an additional 6,780 shares during the quarter. Lifeworks Advisors LLC's holdings in eBay were worth $3,437,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Impax Asset Management Group plc grew its holdings in eBay by 2,536.5% during the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after buying an additional 3,401,198 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after buying an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP raised its stake in shares of eBay by 25.6% during the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after acquiring an additional 2,277,839 shares during the last quarter. Marshall Wace LLP lifted its holdings in eBay by 304.2% in the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock worth $130,421,000 after buying an additional 1,584,404 shares during the period. Finally, Bridgewater Associates LP grew its position in shares of eBay by 531.1% in the 4th quarter. Bridgewater Associates LP now owns 1,780,737 shares of the e-commerce company's stock worth $110,317,000 after buying an additional 1,498,566 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Transactions at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of eBay stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the transaction, the senior vice president directly owned 44,413 shares of the company's stock, valued at $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the sale, the senior vice president directly owned 123,282 shares of the company's stock, valued at approximately $8,559,469.26. The trade was a 50.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 347,222 shares of company stock worth $25,143,522 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

eBay Stock Down 2.7%

Shares of eBay stock traded down $2.22 during trading on Monday, reaching $79.21. The company's stock had a trading volume of 3,647,774 shares, compared to its average volume of 5,413,469. eBay Inc. has a 1-year low of $53.74 and a 1-year high of $83.53. The company has a 50-day simple moving average of $76.26 and a two-hundred day simple moving average of $70.11. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a market cap of $36.52 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 2.27 and a beta of 1.26.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm posted $1.25 EPS. The business's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of eBay from $63.00 to $66.00 and gave the company an "equal weight" rating in a research report on Monday, June 30th. JPMorgan Chase & Co. increased their price target on shares of eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Cowen reaffirmed a "hold" rating on shares of eBay in a research report on Tuesday, July 22nd. Citigroup dropped their price objective on eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, UBS Group raised their price target on shares of eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $69.42.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.