Atria Investments LLC Purchases 737 Shares of eBay Inc. (NASDAQ:EBAY)

Atria Investments LLC raised its position in eBay Inc. (NASDAQ:EBAYGet Rating) by 2.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 29,829 shares of the e-commerce company’s stock after buying an additional 737 shares during the period. Atria Investments LLC’s holdings in eBay were worth $1,098,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Nordea Investment Management AB boosted its position in shares of eBay by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 13,523,599 shares of the e-commerce company’s stock worth $556,632,000 after purchasing an additional 87,950 shares during the last quarter. Deutsche Bank AG boosted its position in shares of eBay by 9.4% in the 2nd quarter. Deutsche Bank AG now owns 6,926,561 shares of the e-commerce company’s stock worth $288,629,000 after purchasing an additional 597,447 shares during the last quarter. Maj Invest Holding A S boosted its position in shares of eBay by 0.4% in the 3rd quarter. Maj Invest Holding A S now owns 6,926,387 shares of the e-commerce company’s stock worth $396,604,000 after purchasing an additional 27,314 shares during the last quarter. Mirova US LLC boosted its position in shares of eBay by 6.6% in the 2nd quarter. Mirova US LLC now owns 6,417,384 shares of the e-commerce company’s stock worth $267,417,000 after purchasing an additional 394,840 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of eBay by 33.4% in the 2nd quarter. Franklin Resources Inc. now owns 6,350,663 shares of the e-commerce company’s stock worth $264,634,000 after purchasing an additional 1,590,642 shares during the last quarter. 85.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Brian J. Doerger sold 9,542 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $44.12, for a total transaction of $420,993.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Brian J. Doerger sold 4,311 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was 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 owns 9,542 shares in the company, valued at $399,714.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Brian J. Doerger sold 9,542 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $44.12, for a total value of $420,993.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,853 shares of company stock worth $1,601,581. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EBAY. Cowen reduced their price target on eBay from $52.00 to $45.00 in a research report on Wednesday, October 26th. Barclays reduced their target price on eBay from $59.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, November 3rd. Morgan Stanley reduced their target price on eBay from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Wednesday. Truist Financial reduced their target price on eBay from $60.00 to $48.00 and set a “hold” rating on the stock in a report on Monday, October 24th. Finally, Jefferies Financial Group reduced their target price on eBay from $52.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, October 6th. Two research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.89.

eBay Trading Down 1.0 %

eBay stock opened at $45.54 on Friday. eBay Inc. has a 52 week low of $35.92 and a 52 week high of $63.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $24.71 billion, a P/E ratio of -414.00, a PEG ratio of 1.80 and a beta of 1.29. The stock has a 50-day simple moving average of $43.85 and a 200 day simple moving average of $43.17.

eBay (NASDAQ:EBAYGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The e-commerce company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. eBay had a return on equity of 29.43% and a net margin of 0.28%. The business had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Analysts expect that eBay Inc. will post 3.36 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Thursday, December 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, November 30th. eBay’s payout ratio is currently -800.00%.

eBay Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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