eBay Inc. (NASDAQ:EBAY) Stock Position Trimmed by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its position in eBay Inc. (NASDAQ:EBAY) by 16.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,151 shares of the e-commerce company’s stock after selling 1,451 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in eBay were worth $297,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SkyView Investment Advisors LLC acquired a new position in eBay during the 1st quarter valued at about $27,000. Stonebridge Capital Advisors LLC acquired a new position in eBay during the 4th quarter valued at about $29,000. Massmutual Trust Co. FSB ADV increased its stake in eBay by 50.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 691 shares of the e-commerce company’s stock valued at $31,000 after buying an additional 233 shares during the period. Gyon Technologies Capital Management LP acquired a new position in eBay during the 4th quarter valued at about $32,000. Finally, Almanack Investment Partners LLC. acquired a new position in eBay during the 3rd quarter valued at about $28,000. 85.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at eBay

In other eBay news, SVP Edward O. Garcia sold 1,181 shares of eBay stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $43.31, for a total value of $51,149.11. Following the completion of the sale, the senior vice president now directly owns 21,728 shares in the company, valued at $941,039.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Edward O. Garcia sold 5,679 shares of eBay stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $43.36, for a total value of $246,241.44. Following the transaction, the senior vice president now owns 17,988 shares of the company’s stock, valued at $779,959.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Edward O. Garcia sold 1,181 shares of eBay stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $43.31, for a total transaction of $51,149.11. Following the completion of the transaction, the senior vice president now directly owns 21,728 shares in the company, valued at approximately $941,039.68. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EBAY. Wolfe Research lowered their target price on shares of eBay from $52.00 to $51.00 in a research note on Monday, July 10th. Jefferies Financial Group lifted their price objective on shares of eBay from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Tuesday, July 25th. Wells Fargo & Company lifted their price objective on shares of eBay from $45.00 to $46.00 in a research note on Monday, July 10th. Bank of America lowered their price objective on shares of eBay from $54.00 to $52.00 in a research note on Thursday, July 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of eBay from $49.00 to $48.00 in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.29.

eBay Stock Performance

EBAY stock opened at $43.91 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.45 and a current ratio of 2.45. The stock has a market cap of $23.37 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.51 and a beta of 1.35. The firm has a 50 day simple moving average of $44.82 and a 200 day simple moving average of $44.35. eBay Inc. has a 52 week low of $35.92 and a 52 week high of $52.23.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 26th. The e-commerce company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.51 billion. eBay had a net margin of 13.49% and a return on equity of 34.71%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. Research analysts anticipate that eBay Inc. will post 3.27 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, August 31st. eBay’s dividend payout ratio (DPR) is presently 40.49%.

eBay Profile

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, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.