Rit Capital Partners Plc Lowers stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Rit Capital Partners Plc reduced its stake in eBay Inc by 45.77% during the most recent quarter end. The investment management company now holds a total of 686,000 shares of eBay Inc which is valued at $16,313,080 after selling 579,000 shares in eBay Inc , the firm said in a disclosure report filed with the SEC on May 9, 2016.eBay Inc makes up approximately 8.59% of Rit Capital Partners Plc’s portfolio.

Other Hedge Funds, Including , Pictet North America Advisors Sa boosted its stake in EBAY in the latest quarter, The investment management firm added 794 additional shares and now holds a total of 11,574 shares of eBay Inc which is valued at $275,230. eBay Inc makes up approx 0.06% of Pictet North America Advisors Sa’s portfolio.Nichols Pratt Advisers Llp reduced its stake in EBAY by selling 5,700 shares or 26.82% in the most recent quarter. The Hedge Fund company now holds 15,550 shares of EBAY which is valued at $370,401. eBay Inc makes up approx 0.03% of Nichols Pratt Advisers Llp’s portfolio.Nippon Life Insurance Co boosted its stake in EBAY in the latest quarter, The investment management firm added 232 additional shares and now holds a total of 62,611 shares of eBay Inc which is valued at $1,491,394. eBay Inc makes up approx 0.04% of Nippon Life Insurance Co’s portfolio.Quantitative Investment Management reduced its stake in EBAY by selling 93,200 shares or 62.76% in the most recent quarter. The Hedge Fund company now holds 55,300 shares of EBAY which is valued at $1,317,246. eBay Inc makes up approx 0.06% of Quantitative Investment Management’s portfolio.First Mercantile Trust Co reduced its stake in EBAY by selling 17,202 shares or 13.5% in the most recent quarter. The Hedge Fund company now holds 110,227 shares of EBAY which is valued at $2,692,846. eBay Inc makes up approx 0.32% of First Mercantile Trust Co’s portfolio.

eBay Inc opened for trading at $23.65 and hit $23.93 on the upside on Friday, eventually ending the session at $23.78, with a gain of 0.85% or 0.2 points. The heightened volatility saw the trading volume jump to 85,56,748 shares. Company has a market cap of $27,321 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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