Reinhart Partners Inc. Has $22.44 Million Position in eBay Inc (NASDAQ:EBAY)

Reinhart Partners Inc. reduced its stake in shares of eBay Inc (NASDAQ:EBAY) by 26.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 575,668 shares of the e-commerce company’s stock after selling 204,918 shares during the quarter. eBay makes up approximately 2.1% of Reinhart Partners Inc.’s portfolio, making the stock its 18th largest position. Reinhart Partners Inc.’s holdings in eBay were worth $22,440,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EBAY. Nuveen Asset Management LLC boosted its holdings in shares of eBay by 1,128.3% during the second quarter. Nuveen Asset Management LLC now owns 11,368,581 shares of the e-commerce company’s stock worth $449,059,000 after purchasing an additional 10,443,045 shares during the period. Renaissance Technologies LLC raised its position in eBay by 247.4% during the second quarter. Renaissance Technologies LLC now owns 11,685,728 shares of the e-commerce company’s stock valued at $461,586,000 after acquiring an additional 8,322,388 shares in the last quarter. Panagora Asset Management Inc. raised its position in eBay by 835.3% during the second quarter. Panagora Asset Management Inc. now owns 2,371,109 shares of the e-commerce company’s stock valued at $93,659,000 after acquiring an additional 2,117,595 shares in the last quarter. Assenagon Asset Management S.A. raised its position in eBay by 3,187.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,771,690 shares of the e-commerce company’s stock valued at $69,060,000 after acquiring an additional 1,717,804 shares in the last quarter. Finally, Lindsell Train Ltd raised its position in eBay by 14.7% during the second quarter. Lindsell Train Ltd now owns 10,174,900 shares of the e-commerce company’s stock valued at $401,807,000 after acquiring an additional 1,301,000 shares in the last quarter. Institutional investors and hedge funds own 89.31% of the company’s stock.

In other news, CEO Devin Wenig sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $39.86, for a total value of $398,600.00. Following the sale, the chief executive officer now owns 1,022,419 shares in the company, valued at approximately $40,753,621.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.22% of the stock is currently owned by insiders.

Shares of NASDAQ:EBAY traded up $0.25 during trading on Friday, reaching $35.14. The stock had a trading volume of 10,559,700 shares, compared to its average volume of 9,557,985. eBay Inc has a 52 week low of $26.01 and a 52 week high of $42.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 2.36. The stock has a fifty day simple moving average of $37.76 and a two-hundred day simple moving average of $38.72. The firm has a market capitalization of $28.86 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.51 and a beta of 1.38.

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eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. eBay had a net margin of 18.33% and a return on equity of 44.15%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company earned $0.56 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts forecast that eBay Inc will post 2.28 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be paid a $0.14 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.59%. eBay’s dividend payout ratio is presently 24.14%.

Several brokerages recently weighed in on EBAY. Macquarie set a $44.00 price objective on shares of eBay and gave the company a “hold” rating in a research report on Thursday, September 26th. Raymond James lowered shares of eBay from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a research report on Thursday, October 24th. Wells Fargo & Co lowered shares of eBay from an “outperform” rating to a “market perform” rating and set a $45.00 price objective on the stock. in a research report on Thursday, September 26th. Barclays cut their price objective on shares of eBay from $49.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Finally, Benchmark cut their price objective on shares of eBay from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company’s stock. eBay presently has a consensus rating of “Hold” and a consensus price target of $42.46.

eBay Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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