Patton Albertson Miller Group LLC Acquires Shares of 3,264 eBay Inc. (NASDAQ:EBAY)

Patton Albertson Miller Group LLC bought a new position in eBay Inc. (NASDAQ:EBAY) in the third quarter, Holdings Channel reports. The firm bought 3,264 shares of the e-commerce company’s stock, valued at approximately $213,000.

Several other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position 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. Mirova US LLC grew its stake in eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after buying an additional 189,505 shares in the last quarter. Victory Capital Management Inc. raised its holdings in eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after acquiring an additional 838,969 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after acquiring an additional 1,216,885 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $65.09 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $31.18 billion, a PE ratio of 16.35, a PEG ratio of 1.66 and a beta of 1.34. The company’s fifty day moving average is $63.57 and its 200 day moving average is $58.18. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.66%. eBay’s dividend payout ratio is currently 27.14%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EBAY. Morgan Stanley boosted their price objective on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Benchmark reissued a “buy” rating and issued a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. Susquehanna boosted their price objective on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus price target of $62.87.

Insider Activity

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

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.