Renaissance Investment Group Exits Position in eBay Inc (EBAY)

eBay Inc (EBAY) : Renaissance Investment Group has sold out all of its stake in eBay Inc during the most recent quarter, according to a report filed by the company on Apr 1, 2016 with the SEC. The investment management company has sold out 34,662 shares of eBay Inc which is valued at $827,729.

Other Hedge Funds, Including , Beacon Financial Group reduced its stake in EBAY by selling 905 shares or 6.58% in the most recent quarter. The Hedge Fund company now holds 12,851 shares of EBAY which is valued at $306,882. eBay Inc makes up approx 0.07% of Beacon Financial Group’s portfolio.

On the company’s financial health, eBay Inc reported $0.50 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $2322.00 million for the quarter, compared to analysts expectations of $2315.20 million. During the same quarter in the previous year, the company posted $0.90 EPS.

Many Wall Street Analysts have commented on eBay Inc. Shares were Downgraded by Barclays on Mar 29, 2016 to ” Underweight” and Lowered the Price Target to $ 25 from a previous price target of $28 .Shares were Reiterated by Axiom Capital on Feb 16, 2016 to “Buy” and Lowered the Price Target to $ 30 from a previous price target of $34 .Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Sector Perform” and Lowered the Price Target to $ 29 from a previous price target of $30 .

eBay Inc closed down -0.01 points or -0.04% at $24.06 with 74,05,132 shares getting traded on Monday. Post opening the session at $24.17, the shares hit an intraday low of $24.035 and an intraday high of $24.44 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 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 eBay Classifieds (eBay Classifieds eBay Kleinanzeigen and eBay Annunci) Gumtree Kijiji iBazar LoQUo and 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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