Alps Advisors Inc. Invests $989,000 in eBay Inc. (NASDAQ:EBAY)

Alps Advisors Inc. purchased a new position in eBay Inc. (NASDAQ:EBAYGet Rating) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 23,728 shares of the e-commerce company’s stock, valued at approximately $989,000.

A number of other institutional investors also recently made changes to their positions in EBAY. Ninety One UK Ltd lifted its stake in eBay by 105.4% during the first quarter. Ninety One UK Ltd now owns 5,274,224 shares of the e-commerce company’s stock valued at $302,002,000 after purchasing an additional 2,706,942 shares during the last quarter. BlackRock Inc. lifted its stake in eBay by 2.1% during the first quarter. BlackRock Inc. now owns 46,538,155 shares of the e-commerce company’s stock valued at $2,664,774,000 after purchasing an additional 942,074 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in eBay by 22.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,014,078 shares of the e-commerce company’s stock valued at $287,202,000 after purchasing an additional 904,873 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in eBay by 31.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,762,470 shares of the e-commerce company’s stock valued at $115,112,000 after purchasing an additional 667,181 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in eBay by 307.3% during the first quarter. Renaissance Technologies LLC now owns 797,290 shares of the e-commerce company’s stock valued at $45,653,000 after purchasing an additional 601,522 shares during the last quarter. 87.00% of the stock is owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of EBAY opened at $45.68 on Monday. The company’s fifty day moving average is $40.12 and its 200-day moving average is $43.70. eBay Inc. has a 12 month low of $35.92 and a 12 month high of $76.41. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of -415.27, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.36.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.93%. eBay’s dividend payout ratio (DPR) is -800.00%.

Analysts Set New Price Targets

Several research firms recently commented on EBAY. Morgan Stanley increased their target price on shares of eBay from $33.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday, November 3rd. Atlantic Securities cut their price target on shares of eBay to $50.00 in a report on Tuesday, August 9th. Bank of America cut their price target on shares of eBay from $54.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, October 3rd. Barclays cut their price target on shares of eBay from $59.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, November 3rd. Finally, Benchmark cut their price target on shares of eBay from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $52.19.

Insider Transactions at eBay

In other news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the transaction, the director now owns 155,248 shares in the company, valued at approximately $6,209,920. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Brian J. Doerger sold 4,311 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $41.89, for a total transaction of $180,587.79. Following the completion of the sale, the chief accounting officer now directly owns 9,542 shares of the company’s stock, valued at approximately $399,714.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the sale, the director now directly owns 155,248 shares of the company’s stock, valued at $6,209,920. The disclosure for this sale can be found here. Insiders have sold a total of 38,853 shares of company stock worth $1,601,581 in the last 90 days. 0.17% of the stock is owned by insiders.

About eBay

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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

Further Reading

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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