Atria Wealth Solutions Inc. lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 18.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,430 shares of the e-commerce company’s stock after selling 3,314 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in eBay were worth $1,076,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EBAY. Impax Asset Management Group plc grew its stake in eBay by 2,536.5% in the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company’s stock worth $239,037,000 after purchasing an additional 3,401,198 shares during the period. Nuveen LLC purchased a new stake in eBay in the first quarter worth $202,346,000. Pacer Advisors Inc. grew its stake in eBay by 5,181.4% in the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company’s stock worth $148,757,000 after purchasing an additional 2,154,735 shares during the period. Price T Rowe Associates Inc. MD grew its stake in eBay by 253.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company’s stock worth $187,191,000 after purchasing an additional 1,981,011 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in eBay by 19,822.5% in the second quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock worth $96,126,000 after purchasing an additional 1,284,501 shares during the period. Institutional investors own 87.48% of the company’s stock.
eBay Trading Up 0.9%
eBay stock opened at $92.01 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. eBay Inc. has a one year low of $56.33 and a one year high of $101.15. The stock has a market capitalization of $42.05 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.31. The business’s fifty day moving average is $92.89 and its 200 day moving average is $80.47.
eBay Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay’s dividend payout ratio is currently 25.55%.
Insider Transactions at eBay
In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $93.25, for a total value of $7,082,524.00. Following the transaction, the senior vice president owned 53,107 shares of the company’s stock, valued at approximately $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the completion of the transaction, the senior vice president directly owned 3,824 shares in the company, valued at approximately $341,521.44. This represents a 33.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,743 shares of company stock worth $8,979,844 in the last ninety days. Insiders own 0.64% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Mizuho assumed coverage on eBay in a research note on Monday, September 29th. They issued a “neutral” rating and a $98.00 price target on the stock. Jefferies Financial Group upped their price target on eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a research note on Friday. Wells Fargo & Company upped their price target on eBay from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Robert W. Baird increased their target price on eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of eBay in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $84.59.
View Our Latest Stock Report on EBAY
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.
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