Bridges Investment Management Inc adds eBay Inc (EBAY) to its portfolio

eBay Inc (EBAY) : Bridges Investment Management Inc added new position in eBay Inc during the most recent quarter end. The investment management firm now holds 60,645 shares of eBay Inc which is valued at $1,479,738 , the company said in a statement filed on Apr 21, 2016 with the SEC.eBay Inc makes up approximately 0.26% of Bridges Investment Management Inc’s portfolio.

eBay Inc opened for trading at $25.33 and hit $26.2062 on the upside on Wednesday, eventually ending the session at $25.27, with a gain of 3.18% or 0.78 points. The heightened volatility saw the trading volume jump to 2,92,82,941 shares. Company has a market cap of $28,874 M.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in EBAY in the latest quarter, The investment management firm added 975 additional shares and now holds a total of 4,733 shares of eBay Inc which is valued at $115,485. eBay Inc makes up approx 0.03% of Advisory Services Network’s portfolio.Private Trust Co Na reduced its stake in EBAY by selling 3,033 shares or 5.72% in the most recent quarter. The Hedge Fund company now holds 49,996 shares of EBAY which is valued at $1,219,902. eBay Inc makes up approx 0.33% of Private Trust Co Na’s portfolio. Franklin Street Advisors Inc Nc sold out all of its stake in EBAY during the most recent quarter. The investment firm sold 205,205 shares of EBAY which is valued $5,175,270.

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 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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