First Mercantile Trust Co Lowers stake in eBay Inc (EBAY)

eBay Inc (EBAY) : First Mercantile Trust Co reduced its stake in eBay Inc by 1.23% during the most recent quarter end. The investment management company now holds a total of 105,005 shares of eBay Inc which is valued at $3,320,258 after selling 1,303 shares in eBay Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.eBay Inc makes up approximately 0.45% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in EBAY in the latest quarter, The investment management firm added 19,413 additional shares and now holds a total of 24,296 shares of eBay Inc which is valued at $768,240. eBay Inc makes up approx 0.15% of Advisory Services Network’s portfolio.North Star Asset Management Inc reduced its stake in EBAY by selling 6,955 shares or 49.01% in the most recent quarter. The Hedge Fund company now holds 7,235 shares of EBAY which is valued at $232,605. eBay Inc makes up approx 0.03% of North Star Asset Management Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in EBAY in the latest quarter, The investment management firm added 1,231,418 additional shares and now holds a total of 1,787,370 shares of eBay Inc which is valued at $57,463,946. eBay Inc makes up approx 0.24% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank reduced its stake in EBAY by selling 150 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 4,184 shares of EBAY which is valued at $134,516. eBay Inc makes up approx 0.03% of Washington Trust Bank’s portfolio.Beacon Financial Group reduced its stake in EBAY by selling 731 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 12,032 shares of EBAY which is valued at $386,829. eBay Inc makes up approx 0.08% of Beacon Financial Group’s portfolio.

eBay Inc closed down -0.51 points or -1.59% at $31.62 with 1,01,14,479 shares getting traded on Friday. Post opening the session at $32.25, the shares hit an intraday low of $31.04 and an intraday high of $32.25 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Company shares were Upgraded by Deutsche Bank on Sep 29, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $30 .Company shares were Reiterated by Axiom Capital on Sep 14, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $34 .Company shares were Reiterated by Axiom Capital on Sep 13, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $34 .

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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