Lone Pine Capital adds eBay Inc (EBAY) to its portfolio

eBay Inc (EBAY) : Lone Pine Capital added new position in eBay Inc during the most recent quarter end. The investment management firm now holds 33,164,569 shares of eBay Inc which is valued at $924,959,829 , the company said in a statement filed on Nov 14, 2016 with the SEC.eBay Inc makes up approximately 4.42% of Lone Pine Capital’s portfolio.

Other Hedge Funds, Including , Quinn Opportunity Partners reduced its stake in EBAY by selling 5,000 shares or 38.46% in the most recent quarter. The Hedge Fund company now holds 8,000 shares of EBAY which is valued at $223,120. eBay Inc makes up approx 0.08% of Quinn Opportunity Partners’s portfolio. Wealth Enhancement Advisory Services added EBAY to its portfolio by purchasing 31,151 company shares during the most recent quarter which is valued at $877,212. eBay Inc makes up approx 0.13% of Wealth Enhancement Advisory Services’s portfolio.Dimensional Fund Advisors Lp boosted its stake in EBAY in the latest quarter, The investment management firm added 48,644 additional shares and now holds a total of 2,455,809 shares of eBay Inc which is valued at $69,155,581. eBay Inc makes up approx 0.04% of Dimensional Fund Advisors Lp’s portfolio.Penserra Capital Management boosted its stake in EBAY in the latest quarter, The investment management firm added 3,394 additional shares and now holds a total of 9,966 shares of eBay Inc which is valued at $279,646. eBay Inc makes up approx 0.04% of Penserra Capital Management’s portfolio.

eBay Inc closed down -0.18 points or -0.62% at $28.69 with 1,16,68,691 shares getting traded on Monday. Post opening the session at $28.84, the shares hit an intraday low of $28.565 and an intraday high of $28.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, eBay Inc reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.44. The company had revenue of $2217.00 million for the quarter, compared to analysts expectations of $2185.30 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on eBay Inc. eBay Inc was Upgraded by Hilliard Lyons to ” Buy” on Oct 21, 2016. Company shares were Reiterated by Mizuho on Oct 20, 2016 to “Neutral”, Firm has raised the Price Target to $ 32 from a previous price target of $31 .Shares were Reiterated by Wedbush on Oct 20, 2016 to “Neutral” and Lowered the Price Target to $ 33 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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