Global Thematic Partners Llc Decreased Ebay Inc (NASDAQ:EBAY) Stake By $25.59 Million

October 13, 2017 - By Linda Rogers

Investors sentiment decreased to 0.89 in Q2 2017. Its down 0.02, from 0.91 in 2017Q1. It dropped, as 57 investors sold EBAY shares while 278 reduced holdings. 67 funds opened positions while 232 raised stakes. 887.72 million shares or 0.62% less from 893.23 million shares in 2017Q1 were reported. Moreover, Comerica Bancorp has 0.07% invested in eBay Inc (NASDAQ:EBAY). 36,689 were accumulated by Hl Finance Limited Liability Corporation. Fernwood Inv Management Limited Liability, a Massachusetts-based fund reported 9,320 shares. Paloma Ptnrs Mgmt Communications invested in 57,800 shares or 0.02% of the stock. Sequoia Advisors stated it has 12,124 shares or 0.05% of all its holdings. Clinton Grp Incorporated has 10,123 shares. Sun Life reported 0.08% of its portfolio in eBay Inc (NASDAQ:EBAY). Pggm holds 0.2% of its portfolio in eBay Inc (NASDAQ:EBAY) for 1.13 million shares. Bancshares Of Montreal Can invested in 2.29M shares or 0.08% of the stock. Amica Mutual Insur holds 0.27% or 83,343 shares. California-based First Quadrant Limited Partnership Ca has invested 0.05% in eBay Inc (NASDAQ:EBAY). Howard Hughes Medical Institute owns 17,832 shares. Moreover, Robeco Institutional Asset Management Bv has 0.02% invested in eBay Inc (NASDAQ:EBAY). Lombard Odier Asset Mgmt (Europe) Ltd owns 12,823 shares for 0.03% of their portfolio. Massachusetts-based Rhumbline Advisers has invested 0.14% in eBay Inc (NASDAQ:EBAY).

Since May 4, 2017, it had 0 insider buys, and 8 insider sales for $4.14 million activity. Doerger Brian J. also sold $433,208 worth of eBay Inc (NASDAQ:EBAY) shares. Lee Jae Hyun sold 20,000 shares worth $691,301. FISHER STEPHEN sold $223,808 worth of eBay Inc (NASDAQ:EBAY) on Wednesday, May 31. SWAN ROBERT HOLMES sold 25,000 shares worth $875,000. The insider PITTMAN RAYMOND J sold $1.20 million. Mitic Kathleen C. sold $402,568 worth of stock.

Global Thematic Partners Llc decreased its stake in Ebay Inc (NASDAQ:EBAY) by 30.78% based on its latest 2017Q3 regulatory filing with the SEC. Global Thematic Partners Llc sold 673,310 shares as the company’s stock rose 0.21% with the market. The institutional investor held 1.51M shares of the business services company at the end of 2017Q3, valued at $58.24 million, down from 2.19 million at the end of the previous reported quarter. Global Thematic Partners Llc who had been investing in Ebay Inc for a number of months, seems to be less bullish one the $41.05B market cap company. The stock increased 0.68% or $0.26 during the last trading session, reaching $38.35. About 9.42 million shares traded or 27.64% up from the average. eBay Inc (NASDAQ:EBAY) has risen 44.45% since October 14, 2016 and is uptrending. It has outperformed by 27.75% the S&P500.

Global Thematic Partners Llc, which manages about $12.76B and $3.13 billion US Long portfolio, upped its stake in Medidata Solutions Inc (NASDAQ:MDSO) by 539,063 shares to 1.04M shares, valued at $81.22M in 2017Q3, according to the filing. It also increased its holding in Medtronic Plc (NYSE:MDT) by 218,431 shares in the quarter, for a total of 714,613 shares, and has risen its stake in Advance Auto Parts Inc (NYSE:AAP).

Global Thematic Partners Llc is a New York-based institutional investor with more than $12.76 billion AUM in September, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Global Thematic Partners latest Adv, the fund reported to have 21 full and part-time employees. Among which 11 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

eBay Inc (NASDAQ:EBAY) Ratings Coverage

Among 42 analysts covering eBay Inc (NASDAQ:EBAY), 23 have Buy rating, 3 Sell and 16 Hold. Therefore 55% are positive. eBay Inc has $69 highest and $22.50 lowest target. $37.28’s average target is -2.79% below currents $38.35 stock price. eBay Inc had 119 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of eBay Inc (NASDAQ:EBAY) earned “Buy” rating by Maxim Group on Thursday, July 13. On Friday, July 21 the stock rating was maintained by UBS with “Buy”. The stock of eBay Inc (NASDAQ:EBAY) earned “Sector Perform” rating by RBC Capital Markets on Thursday, October 22. The rating was initiated by Hilliard Lyons on Tuesday, August 30 with “Long-Term Buy”. The rating was maintained by Jefferies on Wednesday, April 27 with “Hold”. The rating was maintained by Jefferies on Friday, June 2 with “Hold”. The firm earned “Buy” rating on Monday, June 5 by Credit Suisse. Canaccord Genuity maintained eBay Inc (NASDAQ:EBAY) on Thursday, July 21 with “Hold” rating. As per Thursday, September 28, the company rating was maintained by Jefferies. Topeka Capital Markets maintained eBay Inc (NASDAQ:EBAY) on Thursday, October 22 with “Buy” rating.

eBay Inc. is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The company has market cap of $41.05 billion. The Firm connects buyers and sellers around the world. It has a 5.76 P/E ratio. The Company’s platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

More recent eBay Inc (NASDAQ:EBAY) news were published by: Fool.com which released: “Better Buy: eBay Inc. vs Amazon.com” on October 01, 2017. Also Investorplace.com published the news titled: “Amazon.com, Inc. (AMZN), eBay Inc (EBAY) Accused of Ignoring Tax Fraud” on September 14, 2017. Seekingalpha.com‘s news article titled: “eBay: Buy On The Breakout” with publication date: September 19, 2017 was also an interesting one.

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