Atria Investments Inc Raises Stock Position in eBay Inc. (NASDAQ:EBAY)

Atria Investments Inc raised its stake in eBay Inc. (NASDAQ:EBAY) by 1.5% in the third quarter, HoldingsChannel reports. The fund owned 73,188 shares of the e-commerce company’s stock after purchasing an additional 1,066 shares during the period. Atria Investments Inc’s holdings in eBay were worth $4,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its stake in eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after acquiring an additional 21,636 shares during the period. Cetera Investment Advisers raised its stake in shares of eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after acquiring an additional 60,544 shares in the last quarter. PGGM Investments boosted its stake in shares of eBay by 88.0% in the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after buying an additional 28,604 shares during the period. Freestone Capital Holdings LLC lifted its stake in eBay by 435.2% in the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after acquiring an additional 29,624 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of eBay by 234.7% during the second quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company’s stock worth $9,806,000 after purchasing an additional 127,991 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on EBAY shares. Daiwa America upgraded shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. reduced their price target 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. Susquehanna increased their target price on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. TD Cowen boosted their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Morgan Stanley increased their price objective on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, eBay currently has an average rating of “Hold” and a consensus target price of $62.87.

eBay Trading Down 1.5 %

eBay stock opened at $61.50 on Wednesday. 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 firm’s 50-day moving average is $63.31 and its 200-day moving average is $57.27. eBay Inc. has a 1 year low of $38.60 and a 1 year high of $67.80. The company has a market cap of $29.46 billion, a P/E ratio of 15.69, a PEG ratio of 2.03 and a beta of 1.34.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) 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.