Atlantic Union Bankshares Corp Grows Holdings in eBay Inc. (NASDAQ:EBAY)

Atlantic Union Bankshares Corp raised its position in eBay Inc. (NASDAQ:EBAY) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,616 shares of the e-commerce company’s stock after buying an additional 3,273 shares during the period. Atlantic Union Bankshares Corp’s holdings in eBay were worth $3,230,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Northwest & Ethical Investments L.P. bought a new position in eBay during the third quarter valued at about $4,486,000. Public Sector Pension Investment Board boosted its stake in eBay by 9.5% in the third quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company’s stock valued at $1,273,000 after acquiring an additional 1,700 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of eBay by 4.1% during the 3rd 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 during the period. Blueshift Asset Management LLC purchased a new stake in shares of eBay during the 3rd quarter worth approximately $1,543,000. Finally, Bridgewater Associates LP raised its holdings in shares of eBay by 15.1% in the 3rd quarter. Bridgewater Associates LP now owns 282,171 shares of the e-commerce company’s stock worth $18,372,000 after purchasing an additional 37,018 shares during the period. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

eBay stock opened at $63.29 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. The firm’s fifty day moving average price is $63.63 and its 200-day moving average price is $58.34. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The stock has a market cap of $30.32 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34.

eBay Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay’s payout ratio is currently 27.14%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EBAY has been the subject of a number of recent research reports. The Goldman Sachs Group raised their target price on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Morgan Stanley lifted their price objective on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Tuesday, November 5th. Daiwa America upgraded shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Bank of America lowered their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.87.

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.