SG Americas Securities LLC Has $15.97 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

SG Americas Securities LLC grew its position in eBay Inc. (NASDAQ:EBAY) by 547.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 257,847 shares of the e-commerce company’s stock after purchasing an additional 218,025 shares during the period. SG Americas Securities LLC owned about 0.05% of eBay worth $15,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Alpha LLC acquired a new position in eBay in the fourth quarter worth approximately $210,000. Atomi Financial Group Inc. grew its position in eBay by 5.0% in the fourth quarter. Atomi Financial Group Inc. now owns 6,366 shares of the e-commerce company’s stock worth $394,000 after acquiring an additional 301 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of eBay by 2.7% during the 4th quarter. Ballentine Partners LLC now owns 11,806 shares of the e-commerce company’s stock worth $731,000 after purchasing an additional 315 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. raised its holdings in shares of eBay by 17.1% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 4,624 shares of the e-commerce company’s stock valued at $286,000 after purchasing an additional 676 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of eBay by 16.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,560 shares of the e-commerce company’s stock valued at $97,000 after purchasing an additional 215 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EBAY shares. Robert W. Baird lowered their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Piper Sandler raised their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price target on shares of eBay in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.83.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the sale, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,149 shares of company stock valued at $1,704,778. 0.38% of the stock is currently owned by corporate insiders.

eBay Price Performance

NASDAQ:EBAY opened at $64.75 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day moving average of $63.81 and a 200-day moving average of $61.28. eBay Inc. has a 52 week low of $40.74 and a 52 week high of $71.52. The company has a market capitalization of $31.02 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.05 and a beta of 1.35.

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 paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is 27.14%.

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.