Park Avenue Securities LLC Acquires 623 Shares of eBay Inc. (NASDAQ:EBAY)

Park Avenue Securities LLC lifted its position in eBay Inc. (NASDAQ:EBAYFree Report) by 6.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,557 shares of the e-commerce company’s stock after purchasing an additional 623 shares during the period. Park Avenue Securities LLC’s holdings in eBay were worth $557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SteelPeak Wealth LLC bought a new position in shares of eBay in the fourth quarter worth approximately $1,767,000. Allspring Global Investments Holdings LLC grew its holdings in shares of eBay by 604.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after purchasing an additional 541,384 shares during the last quarter. Savant Capital LLC grew its holdings in shares of eBay by 2.3% in the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 262 shares during the last quarter. Sapient Capital LLC bought a new position in shares of eBay in the fourth quarter worth approximately $955,000. Finally, Symmetry Investments LP bought a new position in shares of eBay in the fourth quarter worth approximately $2,766,000. Institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EBAY. Benchmark reaffirmed a “buy” rating and issued a $58.00 price target on shares of eBay in a research note on Monday, June 17th. TD Cowen raised their price target on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Barclays raised their price target on eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Robert W. Baird raised their price target on eBay from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Finally, Truist Financial raised their price target on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $53.71.

Check Out Our Latest Report on EBAY

Insider Buying and Selling

In related news, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares in the company, valued at approximately $8,803,915.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares in the company, valued at approximately $8,803,915.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,558 shares of company stock worth $3,001,254. 0.38% of the stock is owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $53.72 on Friday. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $55.35. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The business has a fifty day moving average price of $52.47 and a 200-day moving average price of $48.24. The company has a market capitalization of $26.97 billion, a PE ratio of 10.70, a PEG ratio of 2.47 and a beta of 1.32.

eBay (NASDAQ:EBAYGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the company earned $0.87 EPS. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities analysts expect that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.08 annualized dividend and a yield of 2.01%. eBay’s payout ratio is 21.51%.

eBay Company Profile

(Free Report)

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.

Further Reading

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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