Patriot Financial Group Insurance Agency LLC Has $1.33 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Patriot Financial Group Insurance Agency LLC boosted its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 34.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 24,791 shares of the e-commerce company's stock after purchasing an additional 6,348 shares during the period. Patriot Financial Group Insurance Agency LLC's holdings in eBay were worth $1,332,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company's stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in eBay by 22.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company's stock valued at $272,551,000 after buying an additional 1,141,288 shares during the last quarter. LSV Asset Management raised its holdings in eBay by 1.5% in the 1st quarter. LSV Asset Management now owns 5,488,460 shares of the e-commerce company's stock valued at $289,681,000 after acquiring an additional 83,493 shares during the period. Harris Associates L P lifted its position in eBay by 0.7% during the fourth quarter. Harris Associates L P now owns 4,577,264 shares of the e-commerce company's stock worth $199,660,000 after acquiring an additional 30,545 shares during the last quarter. Finally, Lyrical Asset Management LP grew its position in shares of eBay by 1.7% in the fourth quarter. Lyrical Asset Management LP now owns 3,905,301 shares of the e-commerce company's stock valued at $170,349,000 after purchasing an additional 65,132 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Trading Up 0.6 %

Shares of NASDAQ:EBAY traded up $0.37 during trading on Tuesday, reaching $59.37. The stock had a trading volume of 4,133,657 shares, compared to its average volume of 5,582,837. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $59.85. The firm's fifty day moving average is $54.90 and its 200 day moving average is $52.10. The stock has a market cap of $29.80 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.82%. eBay's dividend payout ratio (DPR) is currently 21.51%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. started coverage on eBay in a report on Tuesday, June 25th. They set a "neutral" rating and a $60.00 price target for the company. TD Cowen boosted their target price on shares of eBay from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Thursday, May 2nd. Barclays upped their price target on shares of eBay from $61.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, May 2nd. Piper Sandler reiterated an "overweight" rating and issued a $64.00 price objective (up previously from $58.00) on shares of eBay in a research note on Thursday, August 1st. Finally, Jefferies Financial Group increased their target price on shares of eBay from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $56.65.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company's stock, valued at $1,962,109.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of the firm's stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now owns 70,797 shares of the company's stock, valued at $3,837,197.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,488 shares of company stock worth $565,910. Company 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.

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