Ebay (EBAY) Shareholder State Of Tennessee Treasury Department Has Lowered Holding; Arga Investment Management LP Has Cut Its Advance Auto Parts (AAP) Stake by $657,850; Valuation Rose

August 10, 2018 - By Ricky Cave

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Arga Investment Management Lp decreased its stake in Advance Auto Parts Inc (AAP) by 22.48% based on its latest 2018Q1 regulatory filing with the SEC. Arga Investment Management Lp sold 5,575 shares as the company’s stock rose 8.76% while stock markets declined. The institutional investor held 19,225 shares of the other specialty stores company at the end of 2018Q1, valued at $2.28M, down from 24,800 at the end of the previous reported quarter. Arga Investment Management Lp who had been investing in Advance Auto Parts Inc for a number of months, seems to be less bullish one the $10.94 billion market cap company. The stock increased 0.94% or $1.38 during the last trading session, reaching $147.79. About 763,392 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has declined 5.35% since August 10, 2017 and is downtrending. It has underperformed by 17.92% the S&P500. Some Historical AAP News: 22/05/2018 – Advance Auto Parts Profit Rises; 23/05/2018 – Advance Auto Parts Grapples With Higher Fuel Costs; 29/03/2018 – The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of Advance Auto Parts, Inc. Shareholders and a Lead Plai; 02/04/2018 – Advance Auto Parts CFO Tom Okray to Leave; 02/04/2018 – Advance Auto Parts Announces CFO Transition; 29/03/2018 – Moody’s Upgrades Two, Affirms Nine and Downgrades Two Classes of MLMT 2008-C1; 02/04/2018 – ADVANCE AUTO PARTS: CFO TRANSITION; 02/04/2018 – ADVANCE AUTO PARTS INC – JEFF SHEPHERD WILL SERVE AS INTERIM CFO; 02/04/2018 – Advance Auto Parts CFO Okray to Leave to Join Another Company; 02/04/2018 – Advance Auto Parts Names Jeff Shepherd Interim CFO

State Of Tennessee Treasury Department decreased its stake in Ebay Inc (EBAY) by 11.26% based on its latest 2018Q1 regulatory filing with the SEC. State Of Tennessee Treasury Department sold 40,115 shares as the company’s stock declined 13.44% with the market. The institutional investor held 316,196 shares of the business services company at the end of 2018Q1, valued at $12.72 million, down from 356,311 at the end of the previous reported quarter. State Of Tennessee Treasury Department who had been investing in Ebay Inc for a number of months, seems to be less bullish one the $33.79B market cap company. The stock increased 0.92% or $0.31 during the last trading session, reaching $34.15. About 7.34 million shares traded. eBay Inc. (NASDAQ:EBAY) has risen 7.72% since August 10, 2017 and is uptrending. It has underperformed by 4.85% the S&P500. Some Historical EBAY News: 25/04/2018 – eBay Sees 2Q Cont Ops EPS 33c-EPS 37c; 13/03/2018 – PAYPAL CFO: EBAY IS A GOOD PARTNER; THIS ISN’T AN UGLY DIVORCE; 25/04/2018 – EBay: Grew Active Buyers by 4% Across Platforms; 09/05/2018 – EBAY SEES GROSS PROCEEDS FROM FLIPKART DEAL ABOUT $1.1B; 14/05/2018 – GLIDE’s 19th Annual eBay Auction for Power Lunch With Warren Buffett, Runs May 27 – June 1; 25/04/2018 – eBay Sees 2Q Rev $2.64B-$2.68B; 01/05/2018 – OfferUp went head to head with Craiglist to build a following. Now it’s going after eBay to build a business. A new shipping feature is meant to give more options to buyers and attract new kinds of professional sellers; 09/05/2018 – EBay will relaunch its India business after selling its Flipkart stake to Walmart; 25/04/2018 – eBay 1Q EPS 40c; 27/03/2018 – Pizza Hut® To Auction Off “Final Four” Pairs Of Pie Tops Il On eBay Charity

More news for Advance Auto Parts, Inc. (NYSE:AAP) were recently published by: Streetinsider.com, which released: “Advance Auto Parts (AAP) PT Raised to $154 at RBC Capital; $10+ in EPS Power” on July 12, 2018. Nasdaq.com‘s article titled: “Is Advance Auto Parts (AAP) Outperforming Other Retail-Wholesale Stocks This Year?” and published on July 24, 2018 is yet another important article.

Arga Investment Management Lp, which manages about $2.25 billion and $877.71M US Long portfolio, upped its stake in Procter & Gamble Co/The (NYSE:PG) by 4,150 shares to 23,050 shares, valued at $1.83M in 2018Q1, according to the filing. It also increased its holding in Baidu Inc (NASDAQ:BIDU) by 2,300 shares in the quarter, for a total of 703,029 shares, and has risen its stake in Cognizant Tech Solutions (NASDAQ:CTSH).

Among 29 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 15 have Buy rating, 3 Sell and 11 Hold. Therefore 52% are positive. Advance Auto Parts Inc. had 109 analyst reports since August 5, 2015 according to SRatingsIntel. On Monday, September 18 the stock rating was maintained by Argus Research with “Buy”. The firm earned “Sell” rating on Wednesday, October 19 by BTIG Research. The firm earned “Positive” rating on Tuesday, November 15 by Susquehanna. The firm earned “Buy” rating on Friday, February 5 by UBS. The firm earned “Buy” rating on Friday, February 12 by Deutsche Bank. RBC Capital Markets maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Tuesday, November 15. RBC Capital Markets has “Outperform” rating and $175 target. The company was maintained on Wednesday, August 9 by Jefferies. Stephens maintained it with “Hold” rating and $108.0 target in Tuesday, January 16 report. As per Tuesday, May 2, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating given on Friday, August 14 by RBC Capital Markets.

Analysts await Advance Auto Parts, Inc. (NYSE:AAP) to report earnings on August, 14 before the open. They expect $1.84 earnings per share, up 16.46% or $0.26 from last year’s $1.58 per share. AAP’s profit will be $136.22M for 20.08 P/E if the $1.84 EPS becomes a reality. After $2.10 actual earnings per share reported by Advance Auto Parts, Inc. for the previous quarter, Wall Street now forecasts -12.38% negative EPS growth.

Since February 23, 2018, it had 1 buying transaction, and 2 insider sales for $757,901 activity. Finley Tammy M had sold 342 shares worth $39,792. Brouillard John C. had sold 1,745 shares worth $202,560.

Investors sentiment decreased to 1.1 in 2018 Q1. Its down 0.03, from 1.13 in 2017Q4. It worsened, as 39 investors sold AAP shares while 119 reduced holdings. 59 funds opened positions while 115 raised stakes. 76.12 million shares or 4.10% more from 73.12 million shares in 2017Q4 were reported. Loomis Sayles And Co LP invested 0.03% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Kbc Grp Inc Nv holds 0.01% in Advance Auto Parts, Inc. (NYSE:AAP) or 10,628 shares. 42,227 are owned by Van Hulzen Asset Mngmt Lc. Parametric Assocs Ltd, a Washington-based fund reported 210,425 shares. Glenmede Tru Company Na has invested 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). X Mgmt Limited Liability Com holds 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 1,302 shares. Tensile Cap Mngmt Ltd Limited Liability Company, California-based fund reported 621,657 shares. Louisiana State Employees Retirement System stated it has 0.02% in Advance Auto Parts, Inc. (NYSE:AAP). 373,231 were accumulated by Nwq Investment Mngmt Co Ltd Com. Riverhead Cap Mgmt, Delaware-based fund reported 3,410 shares. Brown Brothers Harriman has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 20 shares. California-based Cap Investors has invested 0.04% in Advance Auto Parts, Inc. (NYSE:AAP). Company Of Vermont holds 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 1,805 shares. Schroder Invest Management Group Incorporated holds 0.3% or 1.47 million shares. 12,314 are owned by Metropolitan Life Ny.

State Of Tennessee Treasury Department, which manages about $19.59 billion US Long portfolio, upped its stake in Pimco 0 (HYS) by 24,400 shares to 33,400 shares, valued at $3.33 million in 2018Q1, according to the filing. It also increased its holding in Tcf Finl Corp (NYSE:TCB) by 50,000 shares in the quarter, for a total of 280,000 shares, and has risen its stake in Regions Financial Corp New (NYSE:RF).

Analysts await eBay Inc. (NASDAQ:EBAY) to report earnings on October, 17. They expect $0.44 earnings per share, up 12.82% or $0.05 from last year’s $0.39 per share. EBAY’s profit will be $435.40 million for 19.40 P/E if the $0.44 EPS becomes a reality. After $0.39 actual earnings per share reported by eBay Inc. for the previous quarter, Wall Street now forecasts 12.82% EPS growth.

Since February 21, 2018, it had 0 insider buys, and 10 selling transactions for $14.00 million activity. Jones Wendy Elizabeth sold $422,019 worth of stock. 60,000 shares valued at $2.62 million were sold by PITTMAN RAYMOND J on Friday, February 23. Shares for $5.68 million were sold by Schenkel Scott F. on Wednesday, February 28. 9,223 shares valued at $355,077 were sold by Lee Jae Hyun on Wednesday, May 16. On Wednesday, May 2 FISHER STEPHEN sold $464,939 worth of eBay Inc. (NASDAQ:EBAY) or 12,408 shares. 35,631 shares were sold by Huber Marie Oh, worth $1.35M.

Investors sentiment decreased to 0.79 in Q1 2018. 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. State Of Alaska Department Of Revenue has 126,046 shares. Quantitative Investment Mgmt Limited Liability reported 0.3% stake. Moreover, Franklin Res Inc has 0.01% invested in eBay Inc. (NASDAQ:EBAY). Rathbone Brothers Public Limited Com has 0.05% invested in eBay Inc. (NASDAQ:EBAY) for 30,310 shares. Nomura Asset Mgmt reported 655,612 shares or 0.29% of all its holdings. Oppenheimer And invested in 0.04% or 36,991 shares. San Francisco Sentry Grp (Ca) invested in 0.01% or 777 shares. Bremer Natl Association reported 9,583 shares. Mark Sheptoff Finance Planning Ltd accumulated 0.51% or 18,437 shares. Putnam Investments Ltd Liability reported 632,491 shares stake. Old Second Bancshares Of Aurora holds 0.69% in eBay Inc. (NASDAQ:EBAY) or 43,098 shares. Montag A And Assocs holds 0.05% of its portfolio in eBay Inc. (NASDAQ:EBAY) for 11,100 shares. 5,994 were accumulated by Ballentine Partners Llc. Ulysses Ltd Liability Corp owns 1.23% invested in eBay Inc. (NASDAQ:EBAY) for 332,500 shares. Kentucky Retirement Systems Fund has invested 0.17% in eBay Inc. (NASDAQ:EBAY).

More notable recent eBay Inc. (NASDAQ:EBAY) news were published by: Seekingalpha.com which released: “eBay Changes India Strategy” on August 08, 2018, also Nasdaq.com with their article: “Friday’s Vital Data: Microsoft, General Electric and eBay” published on July 20, 2018, Nasdaq.com published: “What to Watch When eBay Posts Earnings Results” on July 15, 2018. More interesting news about eBay Inc. (NASDAQ:EBAY) were released by: Nasdaq.com and their article: “Can eBay Survive in the Age of Amazon?” published on July 20, 2018 as well as Fool.com‘s news article titled: “eBay Snubs Paypal (Again) by Partnering With Square” with publication date: August 06, 2018.

Among 46 analysts covering eBay Inc (NASDAQ:EBAY), 28 have Buy rating, 2 Sell and 16 Hold. Therefore 61% are positive. eBay Inc had 184 analyst reports since July 21, 2015 according to SRatingsIntel. Maxim Group initiated the stock with “Buy” rating in Thursday, June 23 report. The rating was upgraded by Hilliard Lyons to “Buy” on Friday, October 21. The stock has “Buy” rating by SunTrust on Wednesday, January 31. Bank of America maintained it with “Buy” rating and $40 target in Friday, July 21 report. The firm has “Hold” rating by Jefferies given on Thursday, September 28. The company was maintained on Thursday, July 19 by Morgan Stanley. The company was initiated on Wednesday, March 2 by BMO Capital Markets. The rating was maintained by Jefferies on Thursday, October 19 with “Hold”. The firm has “Hold” rating given on Tuesday, January 2 by Canaccord Genuity. UBS maintained eBay Inc. (NASDAQ:EBAY) rating on Thursday, July 19. UBS has “Buy” rating and $44 target.

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