Atria Wealth Solutions Inc. Increases Stake in eBay Inc. (NASDAQ:EBAY)

Atria Wealth Solutions Inc. boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 26.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,212 shares of the e-commerce company’s stock after purchasing an additional 4,229 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in eBay were worth $1,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EBAY. Vanguard Group Inc. grew its holdings in eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. M&G Plc purchased a new stake in eBay in the first quarter worth about $97,557,000. Swedbank AB purchased a new stake in eBay in the first quarter worth about $73,777,000. Norges Bank purchased a new stake in eBay in the fourth quarter worth about $53,019,000. Finally, Dimensional Fund Advisors LP grew its holdings in eBay by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after purchasing an additional 1,141,288 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Down 0.2 %

EBAY opened at $58.88 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.99 and a debt-to-equity ratio of 1.12. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $59.36. The company has a market capitalization of $29.56 billion, a PE ratio of 11.73, a PEG ratio of 2.58 and a beta of 1.31. The firm’s 50 day simple moving average is $54.68 and its two-hundred day simple moving average is $51.73.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.27 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.83%. eBay’s payout ratio is presently 21.51%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup upped their price objective on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Mizuho upped their target price on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wolfe Research initiated coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of eBay in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 target price on the stock. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.65.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the sale, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at $220,324.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,488 shares of company stock worth $565,910. Company insiders own 0.38% of the company’s stock.

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.