eBay Inc. (NASDAQ:EBAY) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 15.6% during the 1st quarter, Holdings Channel reports. The fund owned 2,813 shares of the e-commerce company’s stock after acquiring an additional 380 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in eBay were worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its position in shares of eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the period. Independent Franchise Partners LLP increased its position in shares of eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock valued at $692,517,000 after purchasing an additional 2,277,839 shares during the period. Marshall Wace LLP increased its position in shares of eBay by 304.2% during the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company’s stock valued at $130,421,000 after purchasing an additional 1,584,404 shares during the period. Raymond James Financial Inc. acquired a new position in shares of eBay during the 4th quarter valued at $96,214,000. Finally, Boston Partners increased its position in shares of eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after purchasing an additional 1,524,691 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Daiwa America upgraded eBay from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 12th. BMO Capital Markets lifted their price target on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. TD Securities raised their price objective on eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company raised their price objective on eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus price target of $67.65.

Insider Activity at eBay

In related news, SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the sale, the senior vice president now owns 123,282 shares of the company’s stock, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 10,000 shares of eBay stock in a transaction on Monday, May 5th. The shares were sold at an average price of $69.83, for a total value of $698,300.00. Following the sale, the chief executive officer now directly owns 570,754 shares of the company’s stock, valued at approximately $39,855,751.82. The trade was a 1.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 280,650 shares of company stock valued at $19,637,729. Insiders own 0.64% of the company’s stock.

eBay Stock Performance

Shares of eBay stock opened at $78.61 on Friday. The stock has a market cap of $36.24 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The business has a fifty day simple moving average of $68.74 and a 200-day simple moving average of $66.74. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12 month low of $51.72 and a 12 month high of $79.50.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. eBay’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. On average, sell-side analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. eBay’s payout ratio is 27.62%.

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.