eBay Inc. (NASDAQ:EBAY) Shares Bought by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,942 shares of the e-commerce company’s stock after purchasing an additional 1,326 shares during the period. Atlantic Union Bankshares Corp’s holdings in eBay were worth $3,156,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after acquiring an additional 335,035 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of eBay by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock valued at $367,767,000 after acquiring an additional 82,904 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of eBay by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock valued at $354,695,000 after acquiring an additional 216,162 shares in the last quarter. Amundi raised its stake in shares of eBay by 16.8% in the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after acquiring an additional 677,389 shares in the last quarter. Finally, Smead Capital Management Inc. raised its stake in shares of eBay by 3.5% in the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock valued at $242,584,000 after acquiring an additional 125,708 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Price Performance

Shares of EBAY opened at $70.51 on Friday. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company has a market capitalization of $32.86 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The firm has a 50-day simple moving average of $66.60 and a 200-day simple moving average of $64.18. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.65%. eBay’s dividend payout ratio is 29.07%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Benchmark increased their target price on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Wedbush assumed coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Morgan Stanley increased their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Bank of America dropped their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $65.54.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % 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, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,524 shares of company stock worth $1,390,509. Company insiders own 0.38% of the company’s stock.

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.