First Horizon Advisors Inc. Increases Holdings in eBay Inc. (NASDAQ:EBAY)

First Horizon Advisors Inc. raised its stake in eBay Inc. (NASDAQ:EBAY) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,967 shares of the e-commerce company’s stock after buying an additional 474 shares during the quarter. First Horizon Advisors Inc.’s holdings in eBay were worth $519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EBAY. Ameriprise Financial Inc. grew its holdings in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Swedbank AB purchased a new stake in shares of eBay in the 1st quarter valued at approximately $73,777,000. Altshuler Shaham Ltd acquired a new stake in shares of eBay during the 2nd quarter worth approximately $71,593,000. LSV Asset Management raised its position in shares of eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after buying an additional 1,216,885 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in eBay in the second quarter valued at approximately $49,924,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of EBAY opened at $61.51 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80. The stock has a 50 day moving average price of $63.56 and a 200 day moving average price of $57.77. The company has a market capitalization of $29.46 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.59 and a beta of 1.34.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is 27.14%.

Analyst Upgrades and Downgrades

A number of research firms have commented on EBAY. Truist Financial lifted their target price on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Finally, Mizuho lifted their target price on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.87.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last ninety days. 0.38% of the stock is owned by corporate insiders.

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.