Ridgewood Investments LLC lowered its position in eBay Inc. (NASDAQ:EBAY) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 9,635 shares of the e-commerce company’s stock after selling 109 shares during the period. Ridgewood Investments LLC’s holdings in eBay were worth $336,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of eBay by 31.7% in the second quarter. Advisors Asset Management Inc. now owns 335,088 shares of the e-commerce company’s stock worth $11,701,000 after buying an additional 80,642 shares during the last quarter. Convergence Investment Partners LLC boosted its stake in shares of eBay by 0.9% in the second quarter. Convergence Investment Partners LLC now owns 108,883 shares of the e-commerce company’s stock worth $3,802,000 after buying an additional 998 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of eBay by 1.4% in the second quarter. Wedbush Securities Inc. now owns 12,591 shares of the e-commerce company’s stock worth $440,000 after buying an additional 178 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of eBay by 8.8% in the second quarter. Catalyst Capital Advisors LLC now owns 37,000 shares of the e-commerce company’s stock worth $1,292,000 after buying an additional 3,000 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of eBay by 2.9% in the second quarter. Rhumbline Advisers now owns 1,758,261 shares of the e-commerce company’s stock worth $61,398,000 after buying an additional 49,511 shares during the last quarter. 86.48% of the stock is owned by hedge funds and other institutional investors.

eBay Inc. (EBAY) opened at 35.05 on Friday. The company has a market cap of $37.51 billion, a PE ratio of 5.26 and a beta of 1.36. The company has a 50-day moving average price of $35.76 and a 200 day moving average price of $34.20. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $37.48.

eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts forecast that eBay Inc. will post $2.01 EPS for the current fiscal year.

eBay announced that its board has approved a share repurchase plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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A number of brokerages have issued reports on EBAY. Mizuho reaffirmed an “underperform” rating and set a $34.00 target price on shares of eBay in a research report on Monday, August 7th. BidaskClub cut eBay from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Canaccord Genuity upped their target price on eBay from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday, July 24th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $41.00 target price (up previously from $40.00) on shares of eBay in a research report on Sunday, July 23rd. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $36.00 price objective on shares of eBay in a research report on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company. eBay presently has a consensus rating of “Hold” and an average target price of $36.97.

In other eBay news, SVP Harry A. Lawton III sold 13,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $35.93, for a total value of $467,090.00. Following the completion of the transaction, the senior vice president now owns 45,488 shares of the company’s stock, valued at approximately $1,634,383.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kathleen C. Mitic sold 11,897 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $33.84, for a total value of $402,594.48. Following the completion of the transaction, the director now directly owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,303 shares of company stock valued at $2,560,022. Insiders own 6.78% of the company’s stock.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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