Park Avenue Securities LLC Grows Stock Position in eBay Inc. (NASDAQ:EBAY)

Park Avenue Securities LLC raised its holdings in eBay Inc. (NASDAQ:EBAY) by 6.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,557 shares of the e-commerce company’s stock after buying an additional 623 shares during the quarter. Park Avenue Securities LLC’s holdings in eBay were worth $557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GHE LLC grew its holdings in eBay by 1.5% during the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock worth $762,000 after acquiring an additional 260 shares during the period. Savant Capital LLC grew its holdings in eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after acquiring an additional 262 shares during the period. Affinity Investment Advisors LLC grew its holdings in eBay by 3.0% during the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock worth $414,000 after acquiring an additional 275 shares during the period. Quent Capital LLC grew its holdings in eBay by 10.5% during the fourth quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock worth $130,000 after acquiring an additional 282 shares during the period. Finally, M&T Bank Corp grew its holdings in eBay by 0.6% during the fourth quarter. M&T Bank Corp now owns 48,235 shares of the e-commerce company’s stock worth $2,105,000 after acquiring an additional 284 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the transaction, the chief accounting officer now owns 4,109 shares in the company, valued at $220,324.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other eBay news, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares in the company, valued at $220,324.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the sale, the senior vice president now owns 70,797 shares in the company, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,558 shares of company stock worth $3,001,254. 0.38% of the stock is owned by corporate insiders.

eBay Stock Performance

NASDAQ EBAY opened at $53.72 on Friday. The company has a market cap of $26.97 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. The stock’s 50 day simple moving average is $52.47 and its 200-day simple moving average is $48.24. 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.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the business posted $0.87 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on EBAY. Truist Financial raised their target price on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, May 6th. TD Cowen raised their price objective on eBay from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Barclays raised their price objective on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Morgan Stanley dropped their price objective on eBay from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.71.

About eBay

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.