Avestar Capital LLC Buys 2,225 Shares of eBay Inc. (NASDAQ:EBAY)

Avestar Capital LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 34.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,666 shares of the e-commerce company’s stock after buying an additional 2,225 shares during the quarter. Avestar Capital LLC’s holdings in eBay were worth $537,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of eBay in the 3rd quarter valued at $105,506,000. International Assets Investment Management LLC lifted its holdings in eBay by 9,092.5% during the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock valued at $38,090,000 after purchasing an additional 578,649 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in eBay by 599.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after purchasing an additional 461,708 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in eBay in the third quarter valued at about $25,132,000. Finally, Nordea Investment Management AB grew its stake in eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after buying an additional 335,035 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EBAY. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, October 31st. JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Benchmark restated a “buy” rating and issued a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Citigroup upped their price target on shares of eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, eBay has an average rating of “Hold” and a consensus price target of $62.92.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Up 1.9 %

eBay stock opened at $69.26 on Friday. The firm has a market capitalization of $33.18 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.15 and a beta of 1.35. The company’s 50 day simple moving average is $65.06 and its 200 day simple moving average is $62.68. 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 Inc. has a fifty-two week low of $40.83 and a fifty-two week high of $71.52.

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.