Avestar Capital LLC Has $419,000 Position in eBay Inc. (NASDAQ:EBAY)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in shares of eBay by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock worth $37,887,000 after buying an additional 20,712 shares during the period. Tidal Investments LLC lifted its holdings in shares of eBay by 8.4% during the first quarter. Tidal Investments LLC now owns 69,630 shares of the e-commerce company’s stock valued at $3,675,000 after acquiring an additional 5,386 shares during the period. Comerica Bank boosted its stake in shares of eBay by 10.4% in the 1st quarter. Comerica Bank now owns 126,717 shares of the e-commerce company’s stock valued at $6,688,000 after purchasing an additional 11,921 shares in the last quarter. LBP AM SA grew its holdings in shares of eBay by 137.0% in the 1st quarter. LBP AM SA now owns 22,870 shares of the e-commerce company’s stock worth $1,207,000 after purchasing an additional 13,219 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of eBay during the 1st quarter worth about $29,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EBAY shares. Truist Financial upped their price objective on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley increased their price target on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Barclays decreased their target price on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, TD Cowen lifted their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus price target of $62.87.

eBay Stock Performance

EBAY stock opened at $64.31 on Thursday. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The business’s 50-day moving average price is $63.59 and its two-hundred day moving average price is $58.22. The firm has a market cap of $30.80 billion, a PE ratio of 16.16, a P/E/G ratio of 1.70 and a beta of 1.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

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

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 47,016 shares of company stock worth $3,015,417. Company insiders own 0.38% of the company’s stock.

eBay 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.