ABN Amro Investment Solutions Decreases Holdings in eBay Inc. $EBAY

ABN Amro Investment Solutions lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 94.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,290 shares of the e-commerce company’s stock after selling 86,014 shares during the quarter. ABN Amro Investment Solutions’ holdings in eBay were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. HighTower Advisors LLC increased its stake in eBay by 2.3% in the third quarter. HighTower Advisors LLC now owns 123,961 shares of the e-commerce company’s stock valued at $11,274,000 after purchasing an additional 2,738 shares during the last quarter. Taylor Hoffman Capital Management LLC boosted its holdings in shares of eBay by 1.0% in the 3rd quarter. Taylor Hoffman Capital Management LLC now owns 106,623 shares of the e-commerce company’s stock valued at $9,697,000 after buying an additional 1,056 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of eBay by 246.4% in the 3rd quarter. CENTRAL TRUST Co now owns 3,135 shares of the e-commerce company’s stock valued at $285,000 after buying an additional 2,230 shares during the last quarter. Insight 2811 Inc. acquired a new stake in eBay during the 3rd quarter worth $218,000. Finally, Public Sector Pension Investment Board raised its stake in eBay by 14.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 38,995 shares of the e-commerce company’s stock worth $3,547,000 after acquiring an additional 4,787 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $82.38 on Tuesday. The stock has a fifty day moving average price of $88.32 and a 200 day moving average price of $89.50. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $37.24 billion, a PE ratio of 17.91, a P/E/G ratio of 1.92 and a beta of 1.38.

Insider Activity

In other news, SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the completion of the sale, the senior vice president owned 91,921 shares in the company, valued at approximately $7,715,848.74. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the transaction, the senior vice president owned 4,733 shares in the company, valued at approximately $435,388.67. This trade represents a 87.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,584 shares of company stock worth $3,918,282 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EBAY shares. Stifel Nicolaus dropped their price objective on eBay from $89.00 to $88.00 in a report on Thursday, October 30th. Cantor Fitzgerald upped their target price on eBay from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Citigroup reaffirmed a “market outperform” rating on shares of eBay in a research report on Thursday, October 30th. B. Riley Financial boosted their price objective on eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Rothschild & Co Redburn lowered their target price on shares of eBay from $95.00 to $90.00 in a research report on Friday, November 7th. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $95.66.

eBay Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.