Peconic Partners Has Trimmed Stake in General Mtrs Co (GM) by $3.80 Million as Shares Declined; Ebay (EBAY) Stock Price Declined While Tyvor Capital Has Lifted Holding

June 19, 2018 - By Hazel Jackson

eBay Inc. (NASDAQ:EBAY) Logo

John Tompkins increased its stake in Ebay Inc (EBAY) by 295.36% based on its latest 2018Q1 regulatory filing with the SEC. Tyvor Capital Llc bought 147,681 shares as the company’s stock declined 13.44% with the market. The hedge fund run by John Tompkins held 197,681 shares of the business services company at the end of 2018Q1, valued at $7.96M, up from 50,000 at the end of the previous reported quarter. Tyvor Capital Llc who had been investing in Ebay Inc for a number of months, seems to be bullish on the $38.37B market cap company. The stock decreased 0.67% or $0.26 during the last trading session, reaching $38.6. About 886,581 shares traded. eBay Inc. (NASDAQ:EBAY) has risen 7.72% since June 19, 2017 and is uptrending. It has underperformed by 4.85% the S&P500. Some Historical EBAY News: 14/03/2018 – StubHub Launches Multi-Year Program To Support Music Education – Focused On Putting Music Instruments Into U.S. Classrooms; 10/05/2018 – EBay is changing its India strategy by selling its holdings in Flipkart; 14/03/2018 – eBay-Fujian Cross-Border E-commerce Summit opens in Fuzhou; 25/04/2018 – EBAY INC – EXPECTS NET REVENUE BETWEEN $10.9 BLN AND $11.1 BLN, REPRESENTING FX-NEUTRAL GROWTH OF 7% – 9% FOR FY 2018; 25/04/2018 – EBay: Giosis’ Japan Business Deal Expected to Close in 2Q; 09/05/2018 – EBAY PLANS TO RELAUNCH EBAY INDIA WITH A DIFFERENTIATED OFFER; 23/04/2018 – EBAY-PAYPAL FINALIZE NEW PAYMENTS PACT; 23/04/2018 – PAYPAL – CONTINUES TO PROVIDE A COMPREHENSIVE PAYMENTS SOLUTION TO EBAY UNDER EXISTING OPERATING AGREEMENT THROUGH JULY 2020; 25/04/2018 – EBay: Grew Active Buyers by 4% Across Platforms; 18/05/2018 – US companies from JPMorgan Chase to eBay have come under fire from shareholder groups for trying to neuter a campaign to strengthen investor oversight of management

William Harnisch decreased its stake in General Mtrs Co (GM) by 99.77% based on its latest 2018Q1 regulatory filing with the SEC. Peconic Partners Llc sold 100,000 shares as the company’s stock declined 7.80% with the market. The hedge fund run by William Harnisch held 234 shares of the auto manufacturing company at the end of 2018Q1, valued at $9,000, down from 100,234 at the end of the previous reported quarter. Peconic Partners Llc who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $59.42 billion market cap company. The stock decreased 4.08% or $1.795 during the last trading session, reaching $42.155. About 3.08M shares traded. General Motors Company (NYSE:GM) has risen 17.48% since June 19, 2017 and is uptrending. It has outperformed by 4.91% the S&P500. Some Historical GM News: 27/03/2018 – IDBI BANK SAYS ONE GM WAS SUSPENDED; CBI REGISTERED CASES; 04/04/2018 – General Motors: Believe U.S., China Understand Interdependence Between World’s Two Largest Auto Markets; 27/03/2018 – Football Rumors: Titans Extend GM Jon Robinson’s Contract; 02/04/2018 – GM Korea says March sales slump 19 pct from year earlier; 09/04/2018 – California DMV: GM Cruise March 29, 2018; 26/04/2018 – GM Touts ‘Landmark’ Labor Agreement to Remain in South Korea: GM CFO; 26/04/2018 – General Motors 1Q Net $1B; 26/04/2018 – GM CLOSED GUNSAN PLANT; CUTS HEADCOUNT TO ABOUT 13K FROM 17K; 31/05/2018 – SOFTBANK VISION FUND TO OWN 19.6% EQUITY STAKE IN GM CRUISE; 29/03/2018 – California DMV: GM Cruise March 14, 2018

Tyvor Capital Llc, which manages about $506.48M US Long portfolio, decreased its stake in V F Corp (NYSE:VFC) by 16,797 shares to 138,203 shares, valued at $10.24M in 2018Q1, according to the filing. It also reduced its holding in Norwegian Cruise Line Hldgs (NASDAQ:NCLH) by 9,564 shares in the quarter, leaving it with 397,997 shares, and cut its stake in Take (NASDAQ:TTWO).

Investors sentiment decreased to 0.79 in 2018 Q1. Its down 0.13, from 0.92 in 2017Q4. It is negative, as 44 investors sold EBAY shares while 314 reduced holdings. 103 funds opened positions while 180 raised stakes. 835.10 million shares or 4.08% less from 870.62 million shares in 2017Q4 were reported. Chevy Chase Trust has invested 0.15% in eBay Inc. (NASDAQ:EBAY). Cadence Bank & Trust Na holds 6,098 shares or 0.1% of its portfolio. 447,162 were reported by Federated Invsts Pa. Mississippi-based Trustmark National Bank Trust Department has invested 0.02% in eBay Inc. (NASDAQ:EBAY). Bb&T Secs Llc reported 235,264 shares. Exane Derivatives owns 0% invested in eBay Inc. (NASDAQ:EBAY) for 300 shares. Tru Advsr holds 1.99% or 62,079 shares in its portfolio. Cleararc Capital Inc holds 24,034 shares. North Star has 1,400 shares. Schwab Charles Incorporated holds 3.69M shares or 0.12% of its portfolio. Rwc Asset Mgmt Llp owns 229,820 shares for 0.49% of their portfolio. First Eagle Investment Mgmt Ltd has invested 0.12% in eBay Inc. (NASDAQ:EBAY). Wolverine Asset Mngmt Limited Liability Company invested in 7,293 shares. Acadian Asset Llc owns 5,435 shares. Perigon Wealth Mgmt Ltd holds 0.01% in eBay Inc. (NASDAQ:EBAY) or 815 shares.

Since February 5, 2018, it had 0 insider buys, and 10 selling transactions for $14.64 million activity. The insider SWAN ROBERT HOLMES sold $1.76 million. 9,232 shares valued at $352,226 were sold by Doerger Brian J. on Friday, May 25. On Wednesday, May 16 the insider Lee Jae Hyun sold $355,077. The insider FISHER STEPHEN sold $464,939. $5.68 million worth of eBay Inc. (NASDAQ:EBAY) shares were sold by Schenkel Scott F.. PITTMAN RAYMOND J sold 60,000 shares worth $2.62 million.

More notable recent eBay Inc. (NASDAQ:EBAY) news were published by: Nasdaq.com which released: “3 Stocks That Look Just Like eBay in 1998” on May 25, 2018, also Seekingalpha.com with their article: “eBay Eyeing International Markets” published on June 06, 2018, Nasdaq.com published: “Adyen IPO: PayPal Rival Soars in Debut” on June 13, 2018. More interesting news about eBay Inc. (NASDAQ:EBAY) were released by: Seekingalpha.com and their article: “Similar To Uber, eBay Network Effects Offer Big Upside” published on June 11, 2018 as well as Nasdaq.com‘s news article titled: “JD.Com Stock Is Back on the Move and Still Undervalued” with publication date: June 18, 2018.

Among 46 analysts covering eBay Inc (NASDAQ:EBAY), 29 have Buy rating, 2 Sell and 15 Hold. Therefore 63% are positive. eBay Inc had 175 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray reinitiated eBay Inc. (NASDAQ:EBAY) rating on Tuesday, January 3. Piper Jaffray has “Neutral” rating and $28 target. On Thursday, February 1 the stock rating was maintained by Cowen & Co with “Hold”. Morgan Stanley maintained it with “Underweight” rating and $34 target in Thursday, October 19 report. Cantor Fitzgerald maintained the shares of EBAY in report on Thursday, July 21 with “Hold” rating. The firm has “Hold” rating by Canaccord Genuity given on Friday, July 14. The stock of eBay Inc. (NASDAQ:EBAY) has “Market Perform” rating given on Wednesday, October 18 by BMO Capital Markets. The rating was maintained by Canaccord Genuity with “Hold” on Thursday, February 1. The stock has “Hold” rating by Jefferies on Thursday, February 1. As per Thursday, June 23, the company rating was initiated by Maxim Group. On Friday, July 21 the stock rating was maintained by Bank of America with “Buy”.

Investors sentiment increased to 1.01 in 2018 Q1. Its up 0.11, from 0.9 in 2017Q4. It improved, as 77 investors sold GM shares while 292 reduced holdings. 90 funds opened positions while 284 raised stakes. 995.41 million shares or 0.40% less from 999.45 million shares in 2017Q4 were reported. California State Teachers Retirement Systems accumulated 0.19% or 2.46M shares. Gabelli Funds Limited Liability Corporation accumulated 201,700 shares or 0.04% of the stock. Atlantic Group Incorporated Ltd Liability Corporation owns 0.01% invested in General Motors Company (NYSE:GM) for 62,922 shares. Toronto Dominion Bancorp reported 681,772 shares or 0.06% of all its holdings. Pub Sector Pension Investment Board reported 71,473 shares or 0.02% of all its holdings. Fishman Jay A Limited Mi has invested 0% in General Motors Company (NYSE:GM). Palladium Prns Llc invested in 0.02% or 5,916 shares. Aqr Cap Mgmt Ltd holds 0.31% or 7.80M shares in its portfolio. Mrj Cap Inc has 1.99% invested in General Motors Company (NYSE:GM). Bessemer Grp Inc Inc holds 0% or 2,274 shares in its portfolio. New Mexico Educational Retirement Board has 0.17% invested in General Motors Company (NYSE:GM). Piedmont Advsr Lc holds 0.19% or 197,194 shares in its portfolio. Laurel Grove Cap Lc holds 0.52% or 26,700 shares. Driehaus Management Limited Co invested in 253,017 shares. C M Bidwell Ltd invested in 0% or 67 shares.

More notable recent General Motors Company (NYSE:GM) news were published by: Seekingalpha.com which released: “General Motors: Is Dividend Growth Sustainable?” on June 05, 2018, also Seekingalpha.com with their article: “SoftBank Investment Validates GM’s Self-Driving Superiority” published on June 06, 2018, Seekingalpha.com published: “General Motors: Double Potential” on June 17, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Fool.com and their article: “More Proof That General Motors Isn’t Giving Up on Sedans” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “GM plans even bigger EV push in China” with publication date: June 05, 2018.

Among 30 analysts covering General Motors Company (NYSE:GM), 19 have Buy rating, 3 Sell and 8 Hold. Therefore 63% are positive. General Motors Company had 99 analyst reports since July 24, 2015 according to SRatingsIntel. On Monday, September 21 the stock rating was maintained by Deutsche Bank with “Neutral”. The rating was initiated by Morgan Stanley with “Underweight” on Wednesday, February 24. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, October 25. On Friday, July 22 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Underweight” rating on Monday, August 24 by Morgan Stanley. The stock of General Motors Company (NYSE:GM) has “Buy” rating given on Wednesday, October 25 by Citigroup. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, October 25. JP Morgan maintained it with “Overweight” rating and $58 target in Friday, June 1 report. The stock of General Motors Company (NYSE:GM) has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. The stock has “Neutral” rating by Bank of America on Wednesday, October 26.

Analysts await General Motors Company (NYSE:GM) to report earnings on July, 24. They expect $1.87 earnings per share, down 1.06% or $0.02 from last year’s $1.89 per share. GM’s profit will be $2.64B for 5.64 P/E if the $1.87 EPS becomes a reality. After $1.43 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts 30.77% EPS growth.

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