eBay Inc. (EBAY) Stake Increased by First Interstate Bank

First Interstate Bank increased its position in shares of eBay Inc. (NASDAQ:EBAY) by 4,177.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,561 shares of the e-commerce company’s stock after purchasing an additional 5,431 shares during the period. First Interstate Bank’s holdings in eBay were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in eBay during the 2nd quarter worth approximately $108,000. BB&T Investment Services Inc. acquired a new stake in eBay during the 2nd quarter worth approximately $119,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in eBay during the 2nd quarter worth approximately $123,000. Westside Investment Management Inc. lifted its holdings in eBay by 1.7% during the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after purchasing an additional 60 shares during the last quarter. Finally, GWM Advisors LLC acquired a new stake in eBay during the 2nd quarter worth approximately $157,000. 86.57% of the stock is owned by institutional investors and hedge funds.

In related news, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $37.51, for a total transaction of $937,750.00. Following the completion of the sale, the director now owns 262,119 shares of the company’s stock, valued at $9,832,083.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian J. Doerger sold 4,359 shares of eBay stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the sale, the vice president now directly owns 23,392 shares of the company’s stock, valued at approximately $836,264. The disclosure for this sale can be found here. Insiders have sold 171,182 shares of company stock valued at $6,423,142 in the last three months. 6.78% of the stock is owned by insiders.

A number of equities analysts have commented on the company. Aegis restated a “buy” rating and set a $44.00 price objective (up previously from $42.00) on shares of eBay in a research note on Tuesday, September 19th. Robert W. Baird restated a “buy” rating and set a $38.00 price objective on shares of eBay in a research note on Monday, October 16th. Piper Jaffray Companies set a $34.00 price target on eBay and gave the company a “hold” rating in a research note on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of eBay in a research note on Wednesday, October 11th. Finally, DA Davidson began coverage on eBay in a research note on Wednesday, September 13th. They issued a “buy” rating and a $45.00 price target on the stock. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have issued a buy rating to the stock. eBay has an average rating of “Hold” and a consensus target price of $38.45.

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eBay Inc. (EBAY) traded up $0.49 during mid-day trading on Tuesday, hitting $36.02. 3,939,503 shares of the stock traded hands, compared to its average volume of 8,857,171. eBay Inc. has a 1 year low of $27.28 and a 1 year high of $39.28. The stock has a market capitalization of $37,170.00, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.73 and a beta of 1.38. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the business earned $0.45 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. analysts forecast that eBay Inc. will post 1.65 earnings per share for the current year.

eBay Profile

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.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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