Park Avenue Securities LLC Has $691000 Stake in eBay Inc. (NASDAQ:EBAY) - Defense World

Summary

Park Avenue Securities LLC decreased its stake in eBay Inc. (NASDAQ:EBAY – Get Rating) by 7.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 12,065 shares of the e-commerce company’s stock after selling 939 shares during the period. Park Avenue Securities LLC’s holdings in eBay were worth $691,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bellevue Asset Management LLC acquired a new position in eBay in the fourth quarter worth $27,000. EverSource Wealth Advisors LLC acquired a new position in eBay in the fourth quarter worth $27,000. Itau Unibanco Holding S.A. acquired a new position in eBay in the fourth quarter worth $29,000. Iron Horse Wealth Management LLC boosted its stake in eBay by 84.6% in the first quarter. Iron Horse Wealth Management LLC now owns 600 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 275 shares in the last quarter. Finally, Ellevest Inc. boosted its stake in eBay by 66.6% in the first quarter. Ellevest Inc. now owns 603 shares of the e-commerce company’s stock worth $35,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 88.99% of the company’s stock.

Park Avenue Securities LLC decreased its stake in eBay Inc. (NASDAQ:EBAY – Get Rating) by 7.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 12,065 shares of the e-commerce company’s stock after selling 939 shares during the period. Park Avenue Securities LLC’s holdings in eBay were worth $691,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bellevue Asset Management LLC acquired a new position in eBay in the fourth quarter worth $27,000. EverSource Wealth Advisors LLC acquired a new position in eBay in the fourth quarter worth $27,000. Itau Unibanco Holding S.A. acquired a new position in eBay in the fourth quarter worth $29,000. Iron Horse Wealth Management LLC boosted its stake in eBay by 84.6% in the first quarter. Iron Horse Wealth Management LLC now owns 600 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 275 shares in the last quarter. Finally, Ellevest Inc. boosted its stake in eBay by 66.6% in the first quarter. Ellevest Inc. now owns 603 shares of the e-commerce company’s stock worth $35,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 88.99% of the company’s stock.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on EBAY shares. UBS Group lowered eBay from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $60.00 to $48.00 in a research note on Tuesday, June 28th. Piper Sandler dropped their target price on eBay from $68.00 to $63.00 in a research report on Thursday, May 5th. JPMorgan Chase & Co. dropped their price objective on eBay from $54.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft decreased their target price on eBay from $60.00 to $50.00 in a research note on Thursday. Finally, Robert W. Baird decreased their target price on eBay from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.63.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $46.68 on Friday. The stock has a 50 day moving average price of $44.63 and a 200 day moving average price of $52.17. eBay Inc. has a 52 week low of $40.52 and a 52 week high of $81.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $26.13 billion, a PE ratio of 2.74, a price-to-earnings-growth ratio of 1.52 and a beta of 1.18.

eBay (NASDAQ:EBAY – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The e-commerce company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.14). The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.46 billion. eBay had a net margin of 113.26% and a return on equity of 20.91%. eBay’s quarterly revenue was down 17.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. Analysts predict that eBay Inc. will post 3.24 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Wednesday, June 1st were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $0.88 annualized dividend and a yield of 1.89%. eBay’s dividend payout ratio is 5.16%.

Insider Buying and Selling at eBay

In other eBay news, CAO Brian J. Doerger sold 7,942 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $45.16, for a total value of $358,660.72. Following the sale, the chief accounting officer now owns 18,562 shares in the company, valued at $838,259.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Brian J. Doerger sold 3,633 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $47.95, for a total transaction of $174,202.35. Following the transaction, the chief accounting officer now owns 14,929 shares in the company, valued at $715,845.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brian J. Doerger sold 7,942 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $45.16, for a total value of $358,660.72. Following the transaction, the chief accounting officer now owns 18,562 shares in the company, valued at approximately $838,259.92. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

eBay Profile

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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Get Rating).

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Park Avenue Securities LLC Has $691000 Stake in eBay Inc. (NASDAQ:EBAY) - Defense World
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