Alpha DNA Investment Management LLC Buys Shares of 13,675 eBay Inc. (NASDAQ:EBAY)

Alpha DNA Investment Management LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,675 shares of the e-commerce company's stock, valued at approximately $890,000.

Several other large investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of eBay in the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC raised its position in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock valued at $28,000 after buying an additional 465 shares in the last quarter. LRI Investments LLC bought a new stake in shares of eBay during the 1st quarter worth $29,000. Hobbs Group Advisors LLC purchased a new position in eBay in the second quarter worth $29,000. Finally, Gradient Investments LLC increased its stake in eBay by 86.3% in the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company's stock valued at $33,000 after acquiring an additional 284 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. StockNews.com downgraded eBay from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Susquehanna increased their target price on shares of eBay from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. TD Cowen boosted their price target on shares of eBay from $45.00 to $54.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Stifel Nicolaus upped their price target on shares of eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Finally, 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. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $62.87.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction on 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 $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the 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 directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock valued at $3,015,417 over the last quarter. Corporate insiders own 0.38% of the company's stock.

eBay Stock Up 3.0 %

EBAY traded up $1.83 during trading on Friday, reaching $63.24. The stock had a trading volume of 3,104,477 shares, compared to its average volume of 4,834,939. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. The company has a market capitalization of $30.29 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.60 and a beta of 1.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock's 50 day moving average is $63.55 and its two-hundred day moving average is $57.92.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. eBay's dividend payout ratio (DPR) is currently 27.14%.

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.