Hap Trading buys $32.5 Million stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Hap Trading scooped up 1,055,562 additional shares in eBay Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,367,946 shares of eBay Inc which is valued at $32.5 Million.eBay Inc makes up approximately 3.77% of Hap Trading’s portfolio.

Other Hedge Funds, Including , Meeder Asset Management Inc reduced its stake in EBAY by selling 57,748 shares or 43.19% in the most recent quarter. The Hedge Fund company now holds 75,954 shares of EBAY which is valued at $1.8 Million. eBay Inc makes up approx 0.17% of Meeder Asset Management Inc’s portfolio.Comerica Bank boosted its stake in EBAY in the latest quarter, The investment management firm added 1,107 additional shares and now holds a total of 289,112 shares of eBay Inc which is valued at $6.9 Million. eBay Inc makes up approx 0.06% of Comerica Bank’s portfolio. Lmr Partners Llp sold out all of its stake in EBAY during the most recent quarter. The investment firm sold 40,765 shares of EBAY which is valued $971,022. Badgley Phelps Bell Inc sold out all of its stake in EBAY during the most recent quarter. The investment firm sold 7,770 shares of EBAY which is valued $185,081.Newsquare Capital boosted its stake in EBAY in the latest quarter, The investment management firm added 616 additional shares and now holds a total of 980 shares of eBay Inc which is valued at $23,941. eBay Inc makes up approx 0.01% of Newsquare Capital’s portfolio.

eBay Inc opened for trading at $23.44 and hit $23.76 on the upside on Friday, eventually ending the session at $23.65, with a gain of 0.98% or 0.23 points. The heightened volatility saw the trading volume jump to 68,25,387 shares. Company has a market cap of $27,172 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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