ABN Amro Investment Solutions Cuts Position in eBay Inc. $EBAY

ABN Amro Investment Solutions lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 94.2% in the third quarter, Holdings Channel.com reports. 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.

A number of other institutional investors and hedge funds have also made changes to their positions in EBAY. Concurrent Investment Advisors LLC acquired a new stake in shares of eBay in the second quarter valued at about $275,000. CWM LLC increased its holdings in eBay by 0.7% in the second quarter. CWM LLC now owns 24,455 shares of the e-commerce company’s stock valued at $1,821,000 after buying an additional 182 shares in the last quarter. Private Trust Co. NA lifted its position in shares of eBay by 27.1% during the 2nd quarter. Private Trust Co. NA now owns 4,311 shares of the e-commerce company’s stock valued at $321,000 after acquiring an additional 918 shares during the period. Cidel Asset Management Inc. boosted its stake in shares of eBay by 11.3% during the 2nd quarter. Cidel Asset Management Inc. now owns 6,007 shares of the e-commerce company’s stock worth $447,000 after acquiring an additional 608 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of eBay by 1.8% in the 2nd quarter. Stephens Inc. AR now owns 103,554 shares of the e-commerce company’s stock worth $7,711,000 after acquiring an additional 1,870 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Price Performance

NASDAQ:EBAY opened at $82.38 on Tuesday. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15. The firm has a market cap of $37.24 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.38. The company’s 50-day moving average is $88.32 and its two-hundred day moving average is $89.50. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06.

Insider Activity

In other eBay news, SVP Mazen Rawashdeh sold 1,920 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total transaction of $157,248.00. Following the transaction, the senior vice president owned 5,746 shares of the company’s stock, valued at $470,597.40. This represents a 25.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the sale, the senior vice president owned 91,921 shares in the company, valued at $7,715,848.74. This trade represents a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 43,584 shares of company stock worth $3,918,282. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Benchmark lifted their price objective on eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Wedbush lifted their price target on eBay from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Wells Fargo & Company boosted their price objective on shares of eBay from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. President Capital dropped their target price on shares of eBay from $103.00 to $94.00 and set a “buy” rating for the company in a report on Friday, December 19th. Finally, BMO Capital Markets lifted their target price on shares of eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Fourteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and a consensus price target of $95.66.

About eBay

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.