Marlowe Partners Lp buys $10.6 Million stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Marlowe Partners Lp scooped up 10,200 additional shares in eBay Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 445,600 shares of eBay Inc which is valued at $10.6 Million.eBay Inc makes up approximately 8.90% of Marlowe Partners Lp’s portfolio.

Other Hedge Funds, Including , Investec Asset Management North America boosted its stake in EBAY in the latest quarter, The investment management firm added 21,742 additional shares and now holds a total of 352,847 shares of eBay Inc which is valued at $8.4 Million. eBay Inc makes up approx 1.38% of Investec Asset Management North America’s portfolio.Gsa Capital Partners Llp reduced its stake in EBAY by selling 102,602 shares or 48.66% in the most recent quarter. The Hedge Fund company now holds 108,241 shares of EBAY which is valued at $2.6 Million. eBay Inc makes up approx 0.17% of Gsa Capital Partners Llp’s portfolio.Keybank National Associationoh reduced its stake in EBAY by selling 2,099 shares or 5.69% in the most recent quarter. The Hedge Fund company now holds 34,767 shares of EBAY which is valued at $826,759. eBay Inc makes up approx 0.01% of Keybank National Associationoh’s portfolio.

eBay Inc closed down -0.015 points or -0.06% at $24.035 with 73,43,484 shares getting traded on Wednesday. Post opening the session at $23.91, the shares hit an intraday low of $23.89 and an intraday high of $24.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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