Westside Investment Management Inc. lowered its holdings in eBay Inc (NASDAQ:EBAY) by 14.6% during the fourth quarter, according to its most recent disclosure 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 quarter. Westside Investment Management Inc.’s holdings in eBay were worth $101,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of eBay by 12.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 446,121 shares of the e-commerce company’s stock worth $16,176,000 after acquiring an additional 49,131 shares in the last quarter. Bank of Montreal Can raised its position in shares of 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 worth $37,560,000 after acquiring an additional 213,356 shares in the last quarter. First Hawaiian Bank bought a new position in shares of eBay in the 3rd quarter worth about $3,277,000. Andra AP fonden raised its position in shares of eBay by 20.4% in the 3rd quarter. Andra AP fonden now owns 204,200 shares of the e-commerce company’s stock worth $6,743,000 after acquiring an additional 34,600 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of 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 worth $664,000 after acquiring an additional 3,025 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

In other news, VP Brian J. Doerger sold 10,185 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $34.30, for a total value of $349,345.50. Following the transaction, the vice president now owns 39,544 shares in the company, valued at approximately $1,356,359.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Holmes Swan bought 17,787 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was acquired at an average price of $28.21 per share, for a total transaction of $501,771.27. Following the purchase, the director now directly owns 289,207 shares in the company, valued at $8,158,529.47. The disclosure for this purchase can be found here. Insiders have sold a total of 101,646 shares of company stock valued at $2,992,510 in the last quarter. Company insiders own 6.22% of the company’s stock.

A number of analysts recently commented on the company. Citigroup decreased their target price on eBay from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, January 30th. Credit Suisse Group decreased their target price on eBay from $58.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, October 29th. KeyCorp reaffirmed an “overweight” rating and issued a $43.00 target price (down from $50.00) on shares of eBay in a research report on Wednesday, October 31st. Aegis reaffirmed a “buy” rating and issued a $40.00 target price (down from $44.00) on shares of eBay in a research report on Wednesday, January 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $41.00 target price on shares of eBay in a research report on Wednesday, October 17th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. eBay currently has an average rating of “Hold” and an average target price of $39.13.

EBAY stock traded up $0.14 during mid-day trading on Tuesday, reaching $35.73. 4,532,546 shares of the company traded hands, compared to its average volume of 15,577,906. The company has a market capitalization of $32.42 billion, a P/E 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 quick ratio of 1.60 and a current ratio of 1.60. eBay Inc has a fifty-two week low of $26.01 and a fifty-two week high of $44.36.

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

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

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About eBay

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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