Marlowe Partners Lp Lowers stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Marlowe Partners Lp reduced its stake in eBay Inc by 25.36% during the most recent quarter end. The investment management company now holds a total of 332,600 shares of eBay Inc which is valued at $10,274,014 after selling 113,000 shares in eBay Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.eBay Inc makes up approximately 7.61% of Marlowe Partners Lp’s portfolio.

Other Hedge Funds, Including , Janus Capital Management reduced its stake in EBAY by selling 250,847 shares or 16.58% in the most recent quarter. The Hedge Fund company now holds 1,262,175 shares of EBAY which is valued at $38,988,586. eBay Inc makes up approx 0.03% of Janus Capital Management’s portfolio.Clifford Swan Investment Counsel reduced its stake in EBAY by selling 6,897 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 283,801 shares of EBAY which is valued at $8,766,613. eBay Inc makes up approx 0.59% of Clifford Swan Investment Counsel’s portfolio.Huntington National Bank reduced its stake in EBAY by selling 263,392 shares or 50.34% in the most recent quarter. The Hedge Fund company now holds 259,811 shares of EBAY which is valued at $8,134,682. eBay Inc makes up approx 0.20% of Huntington National Bank’s portfolio.

eBay Inc opened for trading at $31.25 and hit $31.5 on the upside on Monday, eventually ending the session at $31.4, with a gain of 0.29% or 0.09 points. The heightened volatility saw the trading volume jump to 51,08,768 shares. Company has a market cap of $35,451 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.

One Response

  1. PhilipCohen August 31, 2016

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