Aptus Capital Advisors LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

Aptus Capital Advisors LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,270 shares of the e-commerce company’s stock, valued at approximately $213,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 valued at $3,321,403,000 after acquiring an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of eBay by 17.6% in 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 last quarter. Mirova US LLC boosted its position in shares of eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of eBay by 12.5% during the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after purchasing an additional 838,969 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings 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 valued at $361,159,000 after purchasing an additional 530,941 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. The trade was a 1.00 % decrease in their position. 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 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of a number of recent analyst reports. Mizuho raised their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. UBS Group decreased their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. Susquehanna lifted their price target on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus upped their price objective on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Price Performance

Shares of NASDAQ EBAY opened at $61.43 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day moving average of $63.53 and a 200-day moving average of $57.47. The stock has a market capitalization of $29.42 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.03 and a beta of 1.34. eBay Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $67.80.

eBay Dividend Announcement

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

eBay 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.