Nine Chapters Capital Management buys $15,759,006 stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Nine Chapters Capital Management scooped up 602,100 additional shares in eBay Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 662,700 shares of eBay Inc which is valued at $15,759,006.eBay Inc makes up approximately 1.39% of Nine Chapters Capital Management’s portfolio.

Other Hedge Funds, Including , Hosking Partners Llp boosted its stake in EBAY in the latest quarter, The investment management firm added 47,330 additional shares and now holds a total of 633,910 shares of eBay Inc which is valued at $15,074,380. eBay Inc makes up approx 0.71% of Hosking Partners Llp’s portfolio.Flossbach Von Storch Ag reduced its stake in EBAY by selling 374,000 shares or 96.89% in the most recent quarter. The Hedge Fund company now holds 12,000 shares of EBAY which is valued at $285,840.Nordea Investment Management Ab boosted its stake in EBAY in the latest quarter, The investment management firm added 9,643,435 additional shares and now holds a total of 15,678,879 shares of eBay Inc which is valued at $383,035,014. eBay Inc makes up approx 1.15% of Nordea Investment Management Ab’s portfolio.Advisors Capital Management reduced its stake in EBAY by selling 12,783 shares or 5.24% in the most recent quarter. The Hedge Fund company now holds 230,974 shares of EBAY which is valued at $5,642,695. eBay Inc makes up approx 0.57% of Advisors Capital Management’s portfolio.

eBay Inc opened for trading at $23.65 and hit $23.93 on the upside on Friday, eventually ending the session at $23.78, with a gain of 0.85% or 0.2 points. The heightened volatility saw the trading volume jump to 85,56,748 shares. Company has a market cap of $27,321 M.

On the company’s financial health, eBay Inc reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.45. The company had revenue of $2137.00 million for the quarter, compared to analysts expectations of $2081.10 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on eBay Inc. Shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform” and Lowered the Price Target to $ 28 from a previous price target of $29 .eBay Inc was Downgraded by Morgan Stanley to ” Underweight” on Apr 19, 2016. 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 .

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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