Independent Advisor Alliance Raises Position in eBay Inc. (NASDAQ:EBAY)

Independent Advisor Alliance lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 290.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,791 shares of the e-commerce company’s stock after acquiring an additional 22,156 shares during the quarter. Independent Advisor Alliance’s holdings in eBay were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. increased its holdings in eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Mirova US LLC increased its stake in shares of eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after buying an additional 189,505 shares during the period. Victory Capital Management Inc. raised its holdings in eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after acquiring an additional 838,969 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares during the last quarter. Finally, LSV Asset Management grew its holdings in eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after acquiring an additional 1,216,885 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EBAY. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Robert W. Baird decreased their price target on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Morgan Stanley increased their price objective on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Benchmark reaffirmed a “buy” rating and issued a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.87.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated 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 owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,016 shares of company stock worth $3,015,417 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

eBay Trading Up 0.2 %

Shares of eBay stock opened at $65.09 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $31.18 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80. The company’s 50-day simple moving average is $63.57 and its 200-day simple moving average is $58.18.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.66%. eBay’s dividend payout ratio is currently 27.14%.

eBay Company Profile

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.