Beese Fulmer Investment Management buys $2,318,124 stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Beese Fulmer Investment Management scooped up 439 additional shares in eBay Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 74,899 shares of eBay Inc which is valued at $2,318,124.eBay Inc makes up approximately 0.64% of Beese Fulmer Investment Management’s portfolio.

Other Hedge Funds, Including , Riverpark Capital Management reduced its stake in EBAY by selling 2,304 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 91,133 shares of EBAY which is valued at $2,820,566. eBay Inc makes up approx 1.28% of Riverpark Capital Management’s portfolio. Lmr Partners Llp added EBAY to its portfolio by purchasing 104,208 company shares during the most recent quarter which is valued at $3,247,121. eBay Inc makes up approx 0.49% of Lmr Partners Llp’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in EBAY by selling 40 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 3,000 shares of EBAY which is valued at $75,360.

eBay Inc opened for trading at $30.94 and hit $31.31 on the upside on Thursday, eventually ending the session at $31.06, with a gain of 0.36% or 0.11 points. The heightened volatility saw the trading volume jump to 75,92,693 shares. Company has a market cap of $35,067 M.

On the company’s financial health, eBay Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.42. The company had revenue of $2230.00 million for the quarter, compared to analysts expectations of $2173.50 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on eBay Inc. Company shares were Reiterated by Mizuho on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 31 from a previous price target of $26 .Company shares were Reiterated by The Benchmark Company on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $29 .Company shares were Reiterated by Canaccord Genuity on Jul 21, 2016 to “Hold”, Firm has raised the Price Target to $ 28 from a previous price target of $27 .

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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