Westside Investment Management Inc. Has $101,000 Holdings in eBay Inc (EBAY)

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Westside Investment Management Inc. cut its stake in eBay Inc (NASDAQ:EBAY) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,614 shares of the e-commerce company’s stock after selling 620 shares during the period. Westside Investment Management Inc.’s holdings in eBay were worth $101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Advisors Asset Management Inc. increased its holdings in eBay by 12.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 446,121 shares of the e-commerce company’s stock valued at $16,176,000 after acquiring an additional 49,131 shares during the last quarter. Bank of Montreal Can increased its holdings in eBay by 23.1% in the 3rd quarter. Bank of Montreal Can now owns 1,137,455 shares of the e-commerce company’s stock valued at $37,560,000 after acquiring an additional 213,356 shares during the last quarter. First Hawaiian Bank bought a new stake in eBay in the 3rd quarter valued at $3,277,000. Andra AP fonden increased its holdings in eBay by 20.4% in the 3rd quarter. Andra AP fonden now owns 204,200 shares of the e-commerce company’s stock valued at $6,743,000 after acquiring an additional 34,600 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in eBay by 17.7% in the 3rd quarter. Raymond James Trust N.A. now owns 20,118 shares of the e-commerce company’s stock valued at $664,000 after acquiring an additional 3,025 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Brian J. Doerger sold 10,185 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $34.30, for a total value of $349,345.50. Following the completion of the sale, the vice president now owns 39,544 shares of the company’s stock, valued at approximately $1,356,359.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian J. Doerger sold 3,526 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total transaction of $99,468.46. Following the completion of the sale, the vice president now directly owns 37,664 shares of the company’s stock, valued at approximately $1,062,501.44. The disclosure for this sale can be found here. Insiders sold a total of 101,646 shares of company stock valued at $2,992,510 in the last ninety days. Corporate insiders own 6.22% of the company’s stock.

EBAY has been the topic of a number of research reports. Benchmark reiterated a “buy” rating and issued a $50.00 price target on shares of eBay in a report on Tuesday, October 16th. Robert W. Baird restated a “buy” rating and issued a $41.00 target price on shares of eBay in a report on Wednesday, October 17th. Stifel Nicolaus downgraded shares of eBay from a “buy” rating to a “hold” rating and reduced their target price for the stock from $43.00 to $35.00 in a report on Friday, October 19th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $41.00 target price on shares of eBay in a report on Friday, October 19th. Finally, SunTrust Banks restated a “hold” rating and issued a $38.00 target price on shares of eBay in a report on Friday, October 19th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. eBay currently has a consensus rating of “Hold” and an average target price of $39.13.

eBay stock traded up $0.14 during trading hours on Tuesday, hitting $35.73. The company had a trading volume of 4,532,546 shares, compared to its average volume of 15,577,906. The stock has a market cap of $32.42 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.60 and a quick ratio of 1.60. eBay Inc has a 1 year low of $26.01 and a 1 year high of $44.36.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.86 billion. eBay had a net margin of 23.54% and a return on equity of 27.40%. Research analysts expect that eBay Inc will post 2.15 earnings per share for the current year.

The firm also recently declared a Not Available dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 28th.

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eBay Company Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

Featured Story: SEC Filing

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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