Alpha DNA Investment Management LLC Takes $890,000 Position in eBay Inc. (NASDAQ:EBAY)

Alpha DNA Investment Management LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,675 shares of the e-commerce company’s stock, valued at approximately $890,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after acquiring an additional 153 shares during the last quarter. Optas LLC increased its position in shares of eBay by 0.5% during the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after purchasing an additional 171 shares in the last quarter. Davis Investment Partners LLC increased its position in shares of eBay by 0.8% during the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after purchasing an additional 180 shares in the last quarter. Arvest Investments Inc. boosted its position in shares of eBay by 1.2% in the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock valued at $990,000 after purchasing an additional 183 shares during the period. Finally, Quent Capital LLC boosted its position in shares of eBay by 6.8% in the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after purchasing an additional 202 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Price Performance

eBay stock opened at $63.24 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. The company has a market cap of $30.29 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. The business has a fifty day moving average of $63.55 and a two-hundred day moving average of $57.92.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is 27.14%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Susquehanna lifted their target price on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Mizuho increased their price target on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Robert W. Baird lowered their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, UBS Group reduced their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.87.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,016 shares of company stock worth $3,015,417. 0.38% 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.