Alan B Lancz & Associates Inc. Acquires Shares of 3,468 eBay Inc. (NASDAQ:EBAY)

Alan B Lancz & Associates Inc. bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,468 shares of the e-commerce company’s stock, valued at approximately $226,000.

Several other institutional investors have also modified their holdings of the business. Sigma Planning Corp acquired a new stake in eBay during the 3rd quarter valued at approximately $217,000. Transcendent Capital Group LLC acquired a new stake in shares of eBay during the third quarter worth approximately $291,000. Atria Investments Inc increased its stake in shares of eBay by 1.5% in the third quarter. Atria Investments Inc now owns 73,188 shares of the e-commerce company’s stock worth $4,765,000 after buying an additional 1,066 shares during the last quarter. TCTC Holdings LLC raised its holdings in eBay by 0.6% in the third quarter. TCTC Holdings LLC now owns 72,779 shares of the e-commerce company’s stock valued at $4,739,000 after acquiring an additional 409 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in eBay by 10.5% during the 3rd quarter. Assetmark Inc. now owns 18,311 shares of the e-commerce company’s stock valued at $1,192,000 after acquiring an additional 1,733 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of 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 0.00 % 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 valued at $3,015,417 in the last three months. Company insiders own 0.38% of the company’s stock.

eBay Stock Down 0.2 %

eBay stock opened at $61.89 on Friday. The firm has a market cap of $29.65 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 2.00 and a beta of 1.34. The firm has a fifty day moving average price of $63.24 and a two-hundred day moving average price of $57.11. eBay Inc. has a fifty-two week low of $38.60 and a fifty-two week high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of recent analyst reports. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Truist Financial upped their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Wolfe Research began coverage on shares of eBay in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.87.

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.