First Horizon Advisors Inc. Grows Stock Holdings in eBay Inc. (NASDAQ:EBAY)

First Horizon Advisors Inc. grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 6.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,967 shares of the e-commerce company’s stock after purchasing an additional 474 shares during the quarter. First Horizon Advisors Inc.’s holdings in eBay were worth $519,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay during the second quarter worth about $26,000. Tortoise Investment Management LLC boosted its position in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 465 shares during the last quarter. LRI Investments LLC purchased a new stake in eBay in the first quarter valued at approximately $29,000. Hobbs Group Advisors LLC acquired a new position in eBay during the second quarter worth approximately $29,000. Finally, Gradient Investments LLC raised its stake in eBay by 86.3% during the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after purchasing an additional 284 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

eBay stock opened at $61.51 on Friday. The company has a fifty day moving average price of $63.56 and a two-hundred day moving average price of $57.77. 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 Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. The company has a market cap of $29.46 billion, a PE ratio of 15.45, a P/E/G ratio of 1.59 and a beta of 1.34.

eBay Dividend Announcement

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. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.76%. eBay’s dividend payout ratio is currently 27.14%.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock worth $3,015,417 over the last ninety days. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and set a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. Sanford C. Bernstein raised 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. Mizuho boosted 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. JPMorgan Chase & Co. cut their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Evercore ISI boosted their price objective on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.