Latest Stocks: eBay Inc (EBAY) Shares Bought by Elkfork Partners LLC

Latest Stocks: eBay Inc (EBAY) Shares Bought by Elkfork Partners LLC

Elkfork Partners LLC increased its stake in shares of eBay Inc (NASDAQ:EBAY) by 152.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,800 shares of the e-commerce company’s stock after buying an additional 136,864 shares during the period. Elkfork Partners LLC’s holdings in eBay were worth $7,614,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EBAY. Capital One National Association acquired a new position in eBay during the third quarter worth $281,000. APG Asset Management N.V. raised its position in eBay by 153.4% in the third quarter. APG Asset Management N.V. now owns 3,887,587 shares of the e-commerce company’s stock worth $127,902,000 after buying an additional 2,353,352 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in eBay by 0.3% in the third quarter. Tocqueville Asset Management L.P. now owns 392,576 shares of the e-commerce company’s stock worth $12,916,000 after buying an additional 1,251 shares during the last quarter. Advisors Asset Management Inc. raised its position in eBay by 14.2% in the third quarter. Advisors Asset Management Inc. now owns 183,959 shares of the e-commerce company’s stock worth $6,052,000 after buying an additional 22,853 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. raised its position in eBay by 1.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,781,011 shares of the e-commerce company’s stock worth $58,595,000 after buying an additional 30,243 shares during the last quarter. Institutional investors and hedge funds own 85.86% of the company’s stock.

Shares of eBay Inc (NASDAQ:EBAY) opened at 35.55 on Tuesday. The firm has a market capitalization of $38.48 billion, a PE ratio of 5.12 and a beta of 1.31. eBay Inc has a 52-week low of $22.30 and a 52-week high of $36.02. The company has a 50 day moving average of $33.87 and a 200 day moving average of $32.26.

A number of research firms have recently issued reports on EBAY. Macquarie reissued a “neutral” rating and issued a $39.00 price target on shares of eBay in a research note on Tuesday, April 18th. Vetr downgraded shares of eBay from a “buy” rating to a “hold” rating and set a $35.08 price target on the stock. in a research note on Thursday, February 16th. Stifel Nicolaus reissued a “hold” rating and issued a $35.00 price target on shares of eBay in a research note on Friday, April 14th. Goldman Sachs Group Inc reaffirmed a “buy” rating and set a $39.00 target price (up from $38.00) on shares of eBay in a research note on Thursday, April 20th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $30.00 target price on shares of eBay in a research note on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.46. In other eBay news, VP Brian J. Doerger sold 12,904 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $33.57, for a total transaction of $433,187.28. Following the completion of the sale, the vice president now owns 33,604 shares of the company’s stock, valued at $1,128,086.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephen Fisher sold 33,008 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $32.35, for a total value of $1,067,808.80. Following the sale, the senior vice president now directly owns 109,468 shares of the company’s stock, valued at approximately $3,541,289.80. The disclosure for this sale can be found here. In the last three months, insiders sold 85,712 shares of company stock valued at $2,877,612. 7.40% of the stock is currently owned by company insiders.

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