Atria Wealth Solutions Inc. Purchases 3,718 Shares of eBay Inc. (NASDAQ:EBAY)

Atria Wealth Solutions Inc. grew its position in eBay Inc. (NASDAQ:EBAY) by 59.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,960 shares of the e-commerce company’s stock after buying an additional 3,718 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in eBay were worth $434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. CVA Family Office LLC bought a new position in eBay in the 4th quarter valued at $25,000. First Command Advisory Services Inc. bought a new position in shares of eBay in the third quarter valued at about $46,000. Cambridge Trust Co. lifted its position in eBay by 135.0% during the 4th quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock worth $51,000 after buying an additional 675 shares in the last quarter. NBC Securities Inc. bought a new stake in eBay during the 3rd quarter worth about $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in eBay in the 3rd quarter valued at about $71,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Down 0.5 %

Shares of NASDAQ:EBAY opened at $49.38 on Tuesday. The company’s 50-day moving average price is $50.92 and its two-hundred day moving average price is $44.92. eBay Inc. has a one year low of $37.17 and a one year high of $52.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $24.99 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. eBay’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts forecast that eBay Inc. will post 3.75 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, May 30th. eBay’s payout ratio is presently 21.51%.

eBay declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 27th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have recently commented on EBAY shares. BMO Capital Markets increased their price target on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Robert W. Baird lifted their target price on eBay from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Friday. TD Cowen raised their price target on eBay from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, Truist Financial boosted their price objective on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.45.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the sale, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by company insiders.

About eBay

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.