Ebay INC (EBAY) Shares Rose While M&T Bank Corp Decreased Its Stake

April 17, 2018 - By Eula Gilbert

eBay Inc. (NASDAQ:EBAY) Corporate LogoBig Money Sentiment increased to 0.92 in Q4 2017. It has change of 0.19, from 2017Q3’s 0.73. The ratio improved due to EBAY positioning: 56 sold and 266 reduced. 81 funds took positions and 215 increased positions. Investors holded 878.69 million in 2017Q3 but now own 870.62 million shares or 0.92% less. Moreover, Principal Financial Gru has 0.05% invested in eBay Inc. (NASDAQ:EBAY) for 1.51 million shs. Vantage Advsr Limited Liability holds 0.01% or 1,495 shs in its capital. Sequoia Fincl Advsrs Ltd Liability Corp holds 0.05% or 12,032 shs in its capital. Advantus Capital Management holds 0.09% or 99,867 shs. Gargoyle Inv Advisor Limited Co reported 66,607 shs. Putnam Limited Liability Corporation stated it has 0.03% of its capital in eBay Inc. (NASDAQ:EBAY). Envestnet Asset Management owns 210,528 shs. Pictet Asset Mngmt has invested 0.3% of its capital in eBay Inc. (NASDAQ:EBAY). Guardian Life Ins Of America reported 3,225 shs. Regentatlantic Cap Ltd Limited Liability Company invested in 77,415 shs. State Of New Jersey Common Pension Fund D has 460,000 shs for 0.07% of their capital. Global X Mngmt Ltd Liability Corporation accumulated 29,540 shs. Ontario Teachers Pension Plan Board reported 0.07% stake. 15,088 were reported by Bkd Wealth Advsrs Lc. Dimensional Fund Advisors Lp reported 3.37 million shs.

EBAY registered $18.32 million net activity with 0 buys and 8 sales since October 20, 2017. FISHER STEPHEN sold $991,946 worth of eBay Inc. (NASDAQ:EBAY) on Monday, February 5. $633,885 worth of eBay Inc. (NASDAQ:EBAY) was sold by Lee Jae Hyun on Wednesday, February 21. 9,800 shs were sold by Jones Wendy Elizabeth, worth $422,019. On Wednesday, February 28 the insider Schenkel Scott F. sold $5.68M. On Friday, February 23 60,000 shs were sold by PITTMAN RAYMOND J, worth $2.62 million. On Friday, October 20 the insider Yetto Kristin A sold $2.64 million.

Based on the latest 2017Q4 regulatory filing with the SEC, M&T Bank Corp reduced its holdings in Ebay Inc (EBAY) by 27.17%. 2.40 million shares were sold by M&T Bank Corp as the company’s stock rose 6.51% while stock markets declined. At the end of 2017Q4, the institutional investor held 6.43 million shares of the business services company, priced at $242.51 million, down from 8.82M at the end of the previous reported quarter. Ebay Inc has $40.01 billion market cap. The stock increased 0.17% or $0.07 during the last trading session, reaching $40.26.eBay Inc. has volume of 488,981 shares. Since April 17, 2017 EBAY has risen 20.31% and is uptrending. EBAY outperformed by 8.76% the S&P500.

M&T Bank Corp operates about $19.08 billion US Long portfolio. It rose its stake in Intel Corp (NASDAQ:INTC) by 2.12M shares to 2.12M shares, valued at $98.07 million in 2017Q4, according to the filing. M&T Bank Corp has risen its stake in Targa Res Corp (NYSE:TRGP) and also increased its holding in Ishares Tr (EFA) by 4.11 million shares in the quarter, for a total of 4.11M shares.

Analysts await eBay Inc. (NASDAQ:EBAY) to report earnings on April, 18. They expect $0.44 earnings per share, up 2.33 % or $0.01 from last year’s $0.43 per share. EBAY’s profit will be $437.27M for 22.88 P/E if the $0.44 EPS becomes a reality. After $0.49 actual earnings per share reported by eBay Inc. for the previous quarter, Wall Street now forecasts -10.20 % negative EPS growth.

eBay Inc. (NASDAQ:EBAY) Ratings Coverage

Total analysts of 24 have positions in eBay (NASDAQ:EBAY) as follows: 13 rated it a “Buy”, 2 with “Sell” and 9 with “Hold”. The positive are 54%. Since October 18, 2017 according to StockzIntelligence Inc eBay has 42 analyst reports. On Monday, January 8 the rating was maintained by Robert W. Baird with “Buy”. On Thursday, February 1 the stock of eBay Inc. (NASDAQ:EBAY) earned “Buy” rating by UBS. On Thursday, February 15 Robert W. Baird maintained eBay Inc. (NASDAQ:EBAY) with “Buy” rating. On Tuesday, January 2 Canaccord Genuity maintained the shares of EBAY in report with “Hold” rating. On Friday, January 12 the firm earned “Buy” rating by SunTrust. On Thursday, October 19 the firm earned “Hold” rating by Jefferies. The stock rating was maintained by SunTrust with “Hold” on Wednesday, November 15. On Thursday, October 19 the firm has “Hold” rating given by Needham. On Thursday, October 19 the stock of eBay Inc. (NASDAQ:EBAY) earned “Underweight” rating by Morgan Stanley. On Thursday, February 1 RBC Capital Markets upgraded eBay Inc. (NASDAQ:EBAY) to “Outperform” rating.

eBay Inc. (NASDAQ:EBAY) Institutional Investors Chart

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