eBay Inc. (NASDAQ:EBAY) Shares Purchased by Avestar Capital LLC

Avestar Capital LLC boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 19.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,441 shares of the e-commerce company’s stock after acquiring an additional 1,058 shares during the quarter. Avestar Capital LLC’s holdings in eBay were worth $419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of eBay during the second quarter worth $26,000. Tortoise Investment Management LLC increased its stake in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares in the last quarter. LRI Investments LLC acquired a new stake in eBay during the 1st quarter worth about $29,000. Hobbs Group Advisors LLC purchased a new stake in eBay during the second quarter valued at about $29,000. Finally, Gradient Investments LLC lifted its stake in eBay by 86.3% during the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after buying an additional 284 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EBAY. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Tuesday, November 5th. Mizuho increased their target price on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Susquehanna upped their price target on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Bank of America decreased their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, eBay has an average rating of “Hold” and a consensus target price of $62.87.

eBay Stock Performance

NASDAQ:EBAY opened at $64.31 on Thursday. The firm has a market capitalization of $30.80 billion, a PE ratio of 16.16, a PEG ratio of 1.70 and a beta of 1.34. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s fifty day simple moving average is $63.59 and its 200 day simple moving average is $58.22.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 5.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,016 shares of company stock worth $3,015,417. Company insiders own 0.38% of the company’s stock.

eBay Company Profile

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.