Thurston Springer Miller Herd & Titak Inc. Raises Holdings in eBay Inc. (NASDAQ:EBAY)

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in eBay Inc. (NASDAQ:EBAY) by 129.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,433 shares of the e-commerce company’s stock after purchasing an additional 1,372 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in eBay were worth $151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in shares of eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Nordea Investment Management AB boosted its holdings in eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after buying an additional 335,035 shares in the last quarter. Pacer Advisors Inc. grew its position in eBay by 11.5% during the second quarter. Pacer Advisors Inc. now owns 6,573,579 shares of the e-commerce company’s stock worth $353,133,000 after buying an additional 679,528 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in eBay by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock valued at $354,695,000 after buying an additional 216,162 shares in the last quarter. Finally, Smead Capital Management Inc. lifted its position in shares of eBay by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock valued at $242,584,000 after acquiring an additional 125,708 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

Shares of EBAY opened at $65.06 on Friday. eBay Inc. has a 52 week low of $40.28 and a 52 week high of $71.52. 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 firm has a market cap of $31.16 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 2.10 and a beta of 1.35. The stock has a 50 day moving average of $63.48 and a 200-day moving average of $60.85.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.66%. eBay’s dividend payout ratio (DPR) is 27.14%.

Analyst Ratings Changes

A number of analysts have commented on EBAY shares. Needham & Company LLC reiterated a “buy” rating and set a $72.00 target price on shares of eBay in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Tuesday, November 5th. The Goldman Sachs Group upped their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Finally, TD Cowen raised their price objective 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. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $62.83.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was 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 of the company’s stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,116 shares of company stock valued at $1,637,705 over the last quarter. Insiders own 0.38% of the company’s stock.

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.