Northcoast Asset Management buys $68,715,824 stake in eBay Inc (EBAY)

eBay Inc (EBAY) : Northcoast Asset Management scooped up 991,024 additional shares in eBay Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,224,533 shares of eBay Inc which is valued at $68,715,824.eBay Inc makes up approximately 5.59% of Northcoast Asset Management’s portfolio.

Other Hedge Funds, Including , Lpl Financial reduced its stake in EBAY by selling 41,822 shares or 82.82% in the most recent quarter. The Hedge Fund company now holds 8,676 shares of EBAY which is valued at $268,002.Raymond James Associates boosted its stake in EBAY in the latest quarter, The investment management firm added 107,101 additional shares and now holds a total of 815,188 shares of eBay Inc which is valued at $25,181,157. eBay Inc makes up approx 0.08% of Raymond James Associates’s portfolio.Public Sector Pension Investment Board boosted its stake in EBAY in the latest quarter, The investment management firm added 24,800 additional shares and now holds a total of 200,331 shares of eBay Inc which is valued at $6,188,225. eBay Inc makes up approx 0.07% of Public Sector Pension Investment Board’s portfolio.Acadian Asset Management reduced its stake in EBAY by selling 5,007 shares or 37.89% in the most recent quarter. The Hedge Fund company now holds 8,206 shares of EBAY which is valued at $221,480.

eBay Inc closed down -0.03 points or -0.09% at $32.13 with 68,08,376 shares getting traded on Thursday. Post opening the session at $32.15, the shares hit an intraday low of $31.88 and an intraday high of $32.235 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. Hilliard Lyons Initiated eBay Inc on Aug 30, 2016 to “Long-term Buy”, Price Target of the shares are set at $35.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 .

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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