![]() ![]() Gyon Technologies Capital Management LP also entered the scene in the fourth quarter with a new stake in eBay valued at around $32,000. FSB ADV increased its stake in eBay by 50.9% in the first quarter and now holds 691 shares valued at $31,000. Stonebridge Capital Advisors LLC acquired a stake in the e-commerce company during the fourth quarter of last year, making a purchase worth approximately $29,000. ![]() (NASDAQ:EBAY) has seen recent modifications to its ownership by large institutional investors. Show more Institutional Investors Show Interest in eBay Inc. As we progress through the second half of 2023, it will be interesting to observe how eBay navigates this market turbulence and cements its position as a dominant player in the ever-evolving e-commerce industry. However, positive Q2 earnings results have instilled optimism among investors and analysts alike regarding eBay’s prospects going forward. In conclusion, Todd Asset Management LLC’s recent move to reduce its stake in eBay raises questions about the investment landscape surrounding this e-commerce giant. The consensus price target for the company stands at $49.29. Lastly, Credit Suisse Group appeared bullish on eBay, raising their price target from $56.00 to $57.00 and giving the stock an “outperform” rating on July 24th.Ĭurrently, according to data from Bloomberg, there is a consensus rating of “Hold” among research analysts for eBay Inc., with one analyst suggesting a sell rating, eleven opting for a hold rating, and seven issuing a buy rating. Meanwhile, Barclays significantly reduced its price target from $59.00 to $55.00 while maintaining an “overweight” rating for the company as a testament to their confidence in eBay’s future performance. Bank of America followed suit by lowering their price target from $54.00 to $52.00, also citing similar concerns on the same date. Wells Fargo & Company raised their price objective for eBay shares from $45.00 to $46.00 on July 10th while JPMorgan Chase & Co., on the other hand, decreased their price objective from $49.00 to $48.00 on July 27th. In light of these developments, several brokerages have voiced their opinions on EBAY in recent reports. Looking ahead to the remainder of the fiscal year, research analysts have projected that eBay Inc.’s EPS will reach an impressive 3.27 for this current year as a whole – reflecting positive investor sentiment towards their growth prospects. These figures represent a significant increase of 4.9% compared to the same quarter last year. In terms of revenue generated during this period, eBay raked in $2.54 billion – slightly exceeding analysts’ consensus estimate of $2.51 billion. This impressive feat was accompanied by a robust net margin of 13.49% and a return on equity of 34.71%. The e-commerce company surpassed market expectations by reporting earnings per share (EPS) of $1.03 for the quarter, compared to a consensus estimate of $0.99, marking a positive surprise of $0.04 per share. This news came on the heels of eBay’s second-quarter earnings report announcement on July 26th. As a result, Todd Asset Management LLC now owns approximately 464,332 shares of eBay, equivalent to around 0.09% of the company’s total worth – valued at an eye-popping $20,602,000. The move was disclosed in their most recent Form 13F filing with the Securities and Exchange Commission (SEC), which revealed that they sold 29,785 shares of the e-commerce giant’s stock. (NASDAQ:EBAY) by 6.0% during the first quarter. All Rights Reserved.On August 12, 2023, Todd Asset Management LLC made waves in the investment world by reducing its stake in eBay Inc. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. ![]() Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. ![]() Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |