Caprock Group buys $6.9 Million stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Caprock Group scooped up 241,637 additional shares in eBay Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 288,426 shares of eBay Inc which is valued at $6.9 Million.eBay Inc makes up approximately 1.63% of Caprock Group’s portfolio.

Other Hedge Funds, Including , National Penn Investors Trust Co Pa boosted its stake in EBAY in the latest quarter, The investment management firm added 2,815 additional shares and now holds a total of 106,609 shares of eBay Inc which is valued at $2.5 Million. eBay Inc makes up approx 0.29% of National Penn Investors Trust Co Pa’s portfolio.Proshare Advisors reduced its stake in EBAY by selling 84,457 shares or 14.34% in the most recent quarter. The Hedge Fund company now holds 504,494 shares of EBAY which is valued at $12 Million. eBay Inc makes up approx 0.17% of Proshare Advisors’s portfolio.Swiss National Bank boosted its stake in EBAY in the latest quarter, The investment management firm added 807,400 additional shares and now holds a total of 3,159,891 shares of eBay Inc which is valued at $75.3 Million. eBay Inc makes up approx 0.13% of Swiss National Bank’s portfolio.Jennison Associates boosted its stake in EBAY in the latest quarter, The investment management firm added 2,731,715 additional shares and now holds a total of 2,855,173 shares of eBay Inc which is valued at $68 Million. eBay Inc makes up approx 0.07% of Jennison Associates’s portfolio.Ifp Advisors Inc boosted its stake in EBAY in the latest quarter, The investment management firm added 5,634 additional shares and now holds a total of 16,722 shares of eBay Inc which is valued at $398,318. eBay Inc makes up approx 0.02% of Ifp Advisors Inc’s portfolio.

eBay Inc opened for trading at $23.68 and hit $23.88 on the upside on Monday, eventually ending the session at $23.8, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 55,89,437 shares. Company has a market cap of $27,344 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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