Atlantic Union Bankshares Corp Has $1.88 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Atlantic Union Bankshares Corp boosted its position in eBay Inc. (NASDAQ:EBAY) by 20.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 35,639 shares of the e-commerce company’s stock after purchasing an additional 6,136 shares during the period. Atlantic Union Bankshares Corp’s holdings in eBay were worth $1,881,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EBAY. LPL Financial LLC increased its holdings in shares of eBay by 4.3% during the 3rd quarter. LPL Financial LLC now owns 168,931 shares of the e-commerce company’s stock worth $7,448,000 after acquiring an additional 7,011 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in eBay by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 256,906 shares of the e-commerce company’s stock worth $11,327,000 after purchasing an additional 917 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of eBay by 97.4% in the third quarter. Tower Research Capital LLC TRC now owns 29,604 shares of the e-commerce company’s stock valued at $1,305,000 after purchasing an additional 14,609 shares during the last quarter. Bank of Nova Scotia raised its position in shares of eBay by 11.8% in the third quarter. Bank of Nova Scotia now owns 59,191 shares of the e-commerce company’s stock valued at $2,610,000 after purchasing an additional 6,267 shares during the period. Finally, Cape Cod Five Cents Savings Bank acquired a new stake in shares of eBay during the 3rd quarter worth about $301,000. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 1.3 %

Shares of EBAY opened at $53.72 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $55.35. The firm has a market cap of $26.97 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 2.44 and a beta of 1.32. The business’s fifty day moving average is $52.47 and its 200-day moving average is $48.24.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. eBay’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Equities analysts anticipate that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, May 31st. eBay’s payout ratio is 21.51%.

Insider Buying and Selling at eBay

In other news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The disclosure for this sale can be found here. Insiders have sold 59,558 shares of company stock worth $3,001,254 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on EBAY shares. Morgan Stanley decreased their price target on shares of eBay from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. TD Cowen upped their target price on eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Wells Fargo & Company lifted their price target on eBay from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday. Benchmark restated a “buy” rating and issued a $58.00 price target on shares of eBay in a research note on Monday, June 17th. Finally, Citigroup started coverage on eBay in a research report on Thursday, June 6th. They set a “buy” rating and a $64.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $53.71.

eBay Company 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.