Avior Wealth Management LLC Purchases 1,964 Shares of eBay Inc. (NASDAQ:EBAY)

Avior Wealth Management LLC grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 650.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,266 shares of the e-commerce company’s stock after buying an additional 1,964 shares during the quarter. Avior Wealth Management LLC’s holdings in eBay were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new stake in shares of eBay in the 3rd quarter worth $36,000. USA Financial Formulas purchased a new stake in shares of eBay in the 3rd quarter worth $38,000. Northwest Investment Counselors LLC purchased a new stake in shares of eBay in the 3rd quarter worth $50,000. Versant Capital Management Inc increased its stake in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after buying an additional 621 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EBAY shares. TD Cowen increased their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their price objective on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. cut their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Wedbush initiated coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and cut their price objective for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.83.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $67.19 on Wednesday. The firm has a market cap of $32.18 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The firm’s 50 day simple moving average is $64.03 and its 200-day simple moving average is $61.60. 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 quick ratio of 1.25 and a current ratio of 1.25.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred 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 directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,149 shares of company stock valued at $1,704,778. 0.38% of the stock is currently owned by company insiders.

eBay Company 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.