Park Avenue Securities LLC Has $853,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

Park Avenue Securities LLC increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,776 shares of the e-commerce company’s stock after buying an additional 2,454 shares during the quarter. Park Avenue Securities LLC’s holdings in eBay were worth $853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of eBay during the third quarter worth about $36,000. USA Financial Formulas bought a new stake in eBay during the 3rd quarter worth approximately $38,000. Northwest Investment Counselors LLC acquired a new stake in eBay during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc lifted its stake in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after buying an additional 621 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on EBAY. Bank of America dropped their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and cut their price target for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Robert W. Baird decreased their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Mizuho lifted their target price on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Benchmark reaffirmed a “buy” rating and set a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $62.83.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock worth $1,704,778 over the last three months. Insiders own 0.38% of the company’s stock.

eBay Trading Down 2.4 %

EBAY stock opened at $64.63 on Wednesday. The stock has a market cap of $30.96 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. The company has a fifty day moving average price of $63.70 and a two-hundred day moving average price of $61.18. eBay Inc. has a one year low of $40.74 and a one year high of $71.52. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.67%. eBay’s dividend payout ratio is currently 27.14%.

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.