Ebay (EBAY) Stock Rose While Franklin Resources Decreased by $2.80 Million Its Stake; Miller Howard Investments Raised Its Pitney Bowes Com (PBI) Position by $17.64 Million

February 19, 2018 - By Vivian Park

Franklin Resources Inc decreased its stake in Ebay Inc (EBAY) by 5.61% based on its latest 2017Q3 regulatory filing with the SEC. Franklin Resources Inc sold 73,567 shares as the company’s stock rose 0.21% with the market. The institutional investor held 1.24 million shares of the business services company at the end of 2017Q3, valued at $47.59 million, down from 1.31M at the end of the previous reported quarter. Franklin Resources Inc who had been investing in Ebay Inc for a number of months, seems to be less bullish one the $43.86 billion market cap company. The stock increased 0.77% or $0.33 during the last trading session, reaching $43.34. About 9.40 million shares traded. eBay Inc. (NASDAQ:EBAY) has risen 44.45% since February 19, 2017 and is uptrending. It has outperformed by 27.75% the S&P500.

Miller Howard Investments Inc increased its stake in Pitney Bowes Inc Com (PBI) by 32.87% based on its latest 2017Q3 regulatory filing with the SEC. Miller Howard Investments Inc bought 1.26 million shares as the company’s stock rose 11.95% with the market. The institutional investor held 5.09 million shares of the office equipment and supplies and services company at the end of 2017Q3, valued at $71.35 million, up from 3.83 million at the end of the previous reported quarter. Miller Howard Investments Inc who had been investing in Pitney Bowes Inc Com for a number of months, seems to be bullish on the $2.30 billion market cap company. The stock increased 0.49% or $0.06 during the last trading session, reaching $12.34. About 1.27M shares traded. Pitney Bowes Inc. (NYSE:PBI) has declined 15.45% since February 19, 2017 and is downtrending. It has underperformed by 32.15% the S&P500.

Among 5 analysts covering Pitney Bowes (NYSE:PBI), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Pitney Bowes had 7 analyst reports since September 1, 2015 according to SRatingsIntel. The rating was upgraded by Zacks to “Sell” on Tuesday, September 1. The firm has “Hold” rating by Loop Capital Markets given on Friday, July 28. The stock has “Buy” rating by Sidoti on Wednesday, August 2. The firm has “Buy” rating by Brean Capital given on Thursday, September 17. The stock of Pitney Bowes Inc. (NYSE:PBI) earned “Hold” rating by Loop Capital on Thursday, November 2. The stock of Pitney Bowes Inc. (NYSE:PBI) has “Sell” rating given on Monday, September 7 by Zacks. The rating was downgraded by Sidoti on Monday, May 15 to “Neutral”.

Miller Howard Investments Inc, which manages about $6.68 billion and $4.85 billion US Long portfolio, decreased its stake in Pembina Pipeline Corp Com (NYSE:PBA) by 59,901 shares to 886,429 shares, valued at $31.11 million in 2017Q3, according to the filing. It also reduced its holding in Anadarko Pete Corp Com (NYSE:APC) by 8,728 shares in the quarter, leaving it with 83,727 shares, and cut its stake in Williams Cos Inc Del Com (NYSE:WMB).

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.13, from 0.89 in 2017Q2. It is positive, as 33 investors sold PBI shares while 92 reduced holdings. 32 funds opened positions while 95 raised stakes. 136.06 million shares or 2.96% less from 140.22 million shares in 2017Q2 were reported. Pnc Services Grp Inc Inc owns 213,613 shares or 0% of their US portfolio. Jane Street Grp Limited Liability Company holds 11,313 shares or 0% of its portfolio. Morgan Stanley invested 0% in Pitney Bowes Inc. (NYSE:PBI). Massachusetts Fincl Ma invested in 2.07M shares or 0.01% of the stock. California State Teachers Retirement Systems holds 323,533 shares. Parametric Portfolio Assocs Limited Liability holds 0.01% in Pitney Bowes Inc. (NYSE:PBI) or 782,952 shares. 689,551 are held by Tocqueville Asset Mgmt Ltd Partnership. Vanguard Group Incorporated Inc invested in 0.01% or 15.86M shares. Whittier Of Nevada holds 0% or 211 shares in its portfolio. National Bank Of Nova Scotia Tru holds 600 shares. Janney Montgomery Scott Limited Com reported 82,625 shares or 0.01% of all its holdings. 7,000 are held by Psagot House Ltd. Metropolitan Life Insurance holds 175,616 shares. Susquehanna Interest Limited Liability Partnership stated it has 201,803 shares or 0% of all its holdings. Commerzbank Aktiengesellschaft Fi invested in 0.03% or 160,328 shares.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.16, from 0.89 in 2017Q2. It is negative, as 47 investors sold EBAY shares while 306 reduced holdings. 72 funds opened positions while 186 raised stakes. 878.69 million shares or 1.02% less from 887.72 million shares in 2017Q2 were reported. Mcf Advisors Limited Liability, Kentucky-based fund reported 786 shares. Pictet Asset Management Limited accumulated 0.27% or 2.49M shares. Greenwich Wealth Mgmt Limited Liability invested 0.39% in eBay Inc. (NASDAQ:EBAY). Tourbillon LP stated it has 3.96% in eBay Inc. (NASDAQ:EBAY). Personal Cap owns 5,437 shares. Jennison Associate Lc owns 2.30M shares. Asset Mngmt owns 353,419 shares. Wellington Limited Liability Partnership has 0.4% invested in eBay Inc. (NASDAQ:EBAY) for 45.42 million shares. Rbf Capital Lc has 40,000 shares for 0.19% of their portfolio. Dorsey And Whitney Tru Communications Ltd Liability reported 7,266 shares. Perigon Wealth Mngmt Limited Liability reported 0.01% of its portfolio in eBay Inc. (NASDAQ:EBAY). Toronto Dominion Bancshares owns 378,963 shares for 0.05% of their portfolio. Creative Planning invested in 0% or 25,591 shares. Kentucky Retirement Sys reported 61,805 shares stake. 84,000 are held by Schwerin Boyle Cap Inc.

Among 44 analysts covering eBay Inc (NASDAQ:EBAY), 25 have Buy rating, 3 Sell and 16 Hold. Therefore 57% are positive. eBay Inc had 161 analyst reports since July 21, 2015 according to SRatingsIntel. Mizuho maintained the stock with “Neutral” rating in Thursday, July 21 report. The rating was maintained by Mizuho with “Neutral” on Thursday, October 20. The firm earned “Buy” rating on Tuesday, February 16 by Axiom Capital. Stifel Nicolaus maintained the shares of EBAY in report on Thursday, October 12 with “Hold” rating. The stock of eBay Inc. (NASDAQ:EBAY) has “Outperform” rating given on Thursday, February 1 by RBC Capital Markets. RBC Capital Markets maintained the shares of EBAY in report on Thursday, June 29 with “Hold” rating. Aegis Capital maintained the shares of EBAY in report on Friday, December 22 with “Buy” rating. The stock of eBay Inc. (NASDAQ:EBAY) has “Hold” rating given on Tuesday, January 2 by Canaccord Genuity. The firm has “Hold” rating given on Monday, August 17 by Evercore. Cowen & Co maintained eBay Inc. (NASDAQ:EBAY) on Thursday, January 11 with “Hold” rating.

Franklin Resources Inc, which manages about $203.98B US Long portfolio, upped its stake in Plains Gp Hldgs LP by 1.24 million shares to 1.79 million shares, valued at $39.08 million in 2017Q3, according to the filing. It also increased its holding in Workday Inc (NYSE:WDAY) by 169,000 shares in the quarter, for a total of 997,820 shares, and has risen its stake in Ishares Tr (ACWI).

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