Bank of Montreal Can Buys 306,604 Shares of eBay Inc. (EBAY)

Bank of Montreal Can raised its stake in shares of eBay Inc. (NASDAQ:EBAY) by 28.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,384,522 shares of the e-commerce company’s stock after purchasing an additional 306,604 shares during the period. Bank of Montreal Can owned 0.13% of eBay worth $52,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of EBAY. Rafferty Asset Management LLC raised its position in eBay by 23.4% during the second quarter. Rafferty Asset Management LLC now owns 42,111 shares of the e-commerce company’s stock valued at $1,471,000 after purchasing an additional 7,992 shares during the period. Menta Capital LLC raised its position in eBay by 236.6% during the second quarter. Menta Capital LLC now owns 36,350 shares of the e-commerce company’s stock valued at $1,269,000 after purchasing an additional 25,550 shares during the period. MML Investors Services LLC raised its position in eBay by 11.3% during the second quarter. MML Investors Services LLC now owns 15,291 shares of the e-commerce company’s stock valued at $534,000 after purchasing an additional 1,556 shares during the period. Suntrust Banks Inc. raised its position in eBay by 3.5% during the second quarter. Suntrust Banks Inc. now owns 30,483 shares of the e-commerce company’s stock valued at $1,063,000 after purchasing an additional 1,024 shares during the period. Finally, Glenview Trust Co raised its position in eBay by 1.6% during the second quarter. Glenview Trust Co now owns 216,393 shares of the e-commerce company’s stock valued at $7,557,000 after purchasing an additional 3,418 shares during the period. Institutional investors and hedge funds own 85.93% of the company’s stock.

eBay Inc. (EBAY) opened at $38.43 on Friday. eBay Inc. has a 52 week low of $29.69 and a 52 week high of $40.13. The stock has a market capitalization of $40,140.00, a P/E ratio of 5.68, a P/E/G ratio of 2.70 and a beta of 1.34. 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 has been the topic of a number of analyst reports. BMO Capital Markets raised eBay from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Monday, December 4th. SunTrust Banks reaffirmed a “hold” rating and set a $38.00 target price on shares of eBay in a research note on Friday, November 17th. Piper Jaffray Companies set a $34.00 target price on eBay and gave the company a “hold” rating in a research note on Wednesday, October 11th. Guggenheim initiated coverage on eBay in a research note on Friday, October 20th. They set a “neutral” rating on the stock. Finally, BidaskClub raised eBay from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have given a buy rating to the stock. eBay currently has a consensus rating of “Hold” and a consensus target price of $38.88.

In other eBay news, SVP Marie Oh Huber sold 72,417 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the completion of the sale, the senior vice president now owns 101,589 shares in the company, valued at $3,812,635.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Brian J. Doerger sold 4,359 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $35.75, for a total value of $155,834.25. Following the sale, the vice president now owns 23,392 shares of the company’s stock, valued at approximately $836,264. The disclosure for this sale can be found here. In the last three months, insiders sold 114,836 shares of company stock worth $4,230,550. 6.78% of the stock is owned by insiders.

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eBay Company 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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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