Kerrisdale Advisers adds eBay Inc (EBAY) to its portfolio

eBay Inc (EBAY) : Kerrisdale Advisers added new position in eBay Inc during the most recent quarter end. The investment management firm now holds 853,168 shares of eBay Inc which is valued at $20.3 Million , the company said in a statement filed on May 13, 2016 with the SEC.eBay Inc makes up approximately 3.52% of Kerrisdale Advisers’s portfolio.

Other Hedge Funds, Including , Scharf Investments sold out all of its stake in EBAY during the most recent quarter. The investment firm sold 28,433 shares of EBAY which is valued $676,137. Pegasus Partners Ltd. sold out all of its stake in EBAY during the most recent quarter. The investment firm sold 8,280 shares of EBAY which is valued $196,898.Fuller Thaler Asset Management boosted its stake in EBAY in the latest quarter, The investment management firm added 9,700 additional shares and now holds a total of 15,500 shares of eBay Inc which is valued at $368,590. eBay Inc makes up approx 0.01% of Fuller Thaler Asset Management’s portfolio.Cornerstone Capital Management Holdings. reduced its stake in EBAY by selling 3,809 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 420,400 shares of EBAY which is valued at $10 Million. eBay Inc makes up approx 0.08% of Cornerstone Capital Management Holdings.’s portfolio.Global X Management Co boosted its stake in EBAY in the latest quarter, The investment management firm added 3,355 additional shares and now holds a total of 3,808 shares of eBay Inc which is valued at $90,707. eBay Inc makes up approx 0.01% of Global X Management Co’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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