Mercer Capital Advisers Exits Position in eBay Inc (EBAY)

eBay Inc (EBAY) : Mercer Capital Advisers has sold out all of its stake in eBay Inc during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 1,500 shares of eBay Inc which is valued at $36,600.

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 , Burns J W Co Incny reduced its stake in EBAY by selling 28,137 shares or 57.79% in the most recent quarter. The Hedge Fund company now holds 20,550 shares of EBAY which is valued at $494,433. eBay Inc makes up approx 0.16% of Burns J W Co Incny’s portfolio.

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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