Foundry Partners LLC Acquires Shares of 418,282 eBay Inc. (NASDAQ:EBAY)

Foundry Partners LLC bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 418,282 shares of the e-commerce company’s stock, valued at approximately $22,470,000. eBay comprises about 1.2% of Foundry Partners LLC’s investment portfolio, making the stock its 17th biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of eBay in the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC increased its position in 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 buying an additional 465 shares during the last quarter. LRI Investments LLC purchased a new stake in eBay in the first quarter worth $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay in the second quarter valued at $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in shares of eBay during the 1st quarter valued at $30,000. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EBAY. Truist Financial lifted their price objective on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Bank of America upped their price objective on shares of eBay from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. StockNews.com raised shares of eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Jefferies Financial Group upped their price objective on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, Citigroup upped their price objective on shares of eBay from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.90.

Insider Buying and Selling

In other eBay news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred 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 in the company, valued at $1,962,109.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

eBay Price Performance

Shares of EBAY stock traded down $0.02 during trading on Friday, hitting $59.10. The company had a trading volume of 345,217 shares, compared to its average volume of 5,503,330. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average is $55.58 and its two-hundred day moving average is $52.76. The stock has a market capitalization of $29.67 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $59.85.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio (DPR) is 21.51%.

eBay 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.