SG Americas Securities LLC Buys 218,025 Shares of eBay Inc. (NASDAQ:EBAY)

SG Americas Securities LLC raised its stake in eBay Inc. (NASDAQ:EBAY) by 547.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,847 shares of the e-commerce company’s stock after acquiring an additional 218,025 shares during the quarter. SG Americas Securities LLC’s holdings in eBay were worth $15,974,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,704,778 in the last three months. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group lowered their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Robert W. Baird lowered their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Citigroup increased their price objective on shares of eBay from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Stifel Nicolaus upped their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.83.

eBay Price Performance

NASDAQ EBAY opened at $64.75 on Friday. The firm’s 50 day moving average is $63.81 and its 200-day moving average is $61.28. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $31.02 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.35. eBay Inc. has a 12-month low of $40.74 and a 12-month high of $71.52.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.27 per share. 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 (DPR) is presently 27.14%.

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.